May 2018: Hot Chili Limited has endured the struggles left in the wake of falling copper prices, which saw the company´s shares progressive cool for four consecutive years after a 2013 peak. However, things are set to change as renewed investor interest in copper has bolstered Hot Chili with opportunities to further develop its flagship Productora project and consolidate new land holdings in the Vallenar area.
“We´ve been well established in Chile for some ten years, most people know us from Productora discovery and consolidation” Hot Chili CEO Christian Easterday tells CER. “We´re well aware that the development path line over the past 3 or 4 years has been very muted and almost frozen, and it is good to see ourselves and our peers starting to get up, get exploring again and push the projects forward.”
In February, Hot Chili confirmed the execution of a non-binding LOI to acquire a 90% interest in the Valentina landholding – their third deal in six months, following the landholding leases of San Antonio and Lulu. All three are considered high-grade areas in the Vallenar region, which are referred to collectively as the consolidation “El Fuego”. (Read more)