Hot Chili Strengthens Costa Fuego with US$15 Million Non-Dilutive Royalty Funding
Hot Chili Limited (ASX: HCH) has signed a binding amended agreement with OR Royalties Inc. to secure an additional US$15 million in non-dilutive funding, increasing the total royalty consideration to US$30 million. The agreement expands OR’s royalty footprint to include the La Verde copper-gold discovery, with the proceeds earmarked for advancing La Verde and the broader Costa Fuego project in Chile. The transaction, expected to close in July 2026, strengthens the company's funding position without issuing new equity and reflects continued third-party confidence in the district's long-term exploration potential.
The updated agreement follows significant progress at Costa Fuego, where the mineral resource has increased to 798 million tonnes and now underpins the project's Preliminary Feasibility Study. Revised terms also provide greater flexibility through an updated royalty buyback mechanism while granting OR a right of first offer on future royalty-related transactions. With three drill rigs operating at La Verde and plans to deliver a maiden mineral resource estimate alongside a revised pre-feasibility study, Hot Chili continues to advance its strategy of building a large-scale copper-gold production hub supported by disciplined, non-dilutive financing.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Hot Chili Strengthens Costa Fuego with US$15 Million Non-Dilutive Royalty Funding
Hot Chili Limited (ASX: HCH) has signed a binding amended agreement with OR Royalties Inc. to secure an additional US$15 million in non-dilutive funding, increasing the total royalty consideration to US$30 million. The agreement expands OR’s royalty footprint to include the La Verde copper-gold discovery, with the proceeds earmarked for advancing La Verde and the broader Costa Fuego project in Chile. The transaction, expected to close in July 2026, strengthens the company's funding position without issuing new equity and reflects continued third-party confidence in the district's long-term exploration potential.
The updated agreement follows significant progress at Costa Fuego, where the mineral resource has increased to 798 million tonnes and now underpins the project's Preliminary Feasibility Study. Revised terms also provide greater flexibility through an updated royalty buyback mechanism while granting OR a right of first offer on future royalty-related transactions. With three drill rigs operating at La Verde and plans to deliver a maiden mineral resource estimate alongside a revised pre-feasibility study, Hot Chili continues to advance its strategy of building a large-scale copper-gold production hub supported by disciplined, non-dilutive financing.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au