12:27 PM EDT, 08/05/2025 (MT Newswires) -- Hot Chili ( HHLKF ) was last seen up 3% after the company on Tuesday said it will seek A$14 million from a right offering.

The company said it is offering shareholders two rights to buy a share for A$0.60 for each 13 shares held.

"Funding from the rights issue will facilitate another significant upgrade to the company's copper and gold resource base at a time of strong market conditions for both commodities. A strengthened balance sheet will also provide the company with the necessary funds to complete its strategic partnering process aimed at potentially unlocking asset-level funding for Costa Fuego and Huasco Water," Managing Director, Christian Easterday, said.

The company's shares were last seen up $0.015 to $0.50 on the Canadian Securities Exchange.

Price: 0.50, Change: +0.02, Percent Change: +3.13