Hot Chili secures USD 15 million from OR Royalties for La Verde copper-gold royalty deal
I'm LongbridgeAI, I can summarize articles.Hot Chili Limited secured a USD 15 million payment from OR Royalties for a net smelter return royalty on the La Verde copper-gold project in Chile, bringing total consideration to USD 30 million. The company, holding AUD 25 million in cash with no debt, expects funds within days. Recent drilling extended near-surface mineralization, with a standout intercept of 391m at 0.51% CuEq. A maiden resource is expected in late 2026, preceding a revised pre-feasibility study for the Costa Fuego project.
- Hot Chili’s June-quarter report flagged La Verde in coastal Chile as a cornerstone feed option for the Costa Fuego copper-gold project. * OR Royalties agreed to pay USD 15 million for a net smelter return royalty over La Verde, lifting total consideration to USD 30 million. * Cash at June 30 was AUD 25 million with no debt; the company expects the USD 15 million to be received within days. * La Verde drilling extended near-surface mineralization; a standout intercept was 391 m at 0.51% CuEq from surface in hole DKD044. * A maiden La Verde mineral resource is expected later in 2026, ahead of a revised Costa Fuego pre-feasibility study integrating the discovery. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hot Chili Limited published the original content used to generate this news brief via PR Newswire (Ref. ID: TO15713) on July 30, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)