Hot Chili targets better valuation with listing in Toronto  

HOT Chili intends to list in Toronto by the end of 2021, noting dual-listed successes in the past and higher valuations for current TSX and TSXV companies with copper projects.
Hot Chili targets better valuation with listing in Toronto   Hot Chili targets better valuation with listing in Toronto   Hot Chili targets better valuation with listing in Toronto   Hot Chili targets better valuation with listing in Toronto   Hot Chili targets better valuation with listing in Toronto  

Cortadera

They include Marimaca Copper (capitalised at C$356 million), Filo Mining Corp ($1.1 billion), Solaris Resources ($1.36 billion), Josemaria Resources ($322 million), and SolGold ($1.1 billion).
 
In comparison, Hot Chili is capitalised at about $93 million.
 
Dual-listed Australian successes cited by Hot Chili were Equinox Minerals and Andean Resources, with the former being acquired by Barrick for $7.3 billion and the latter by Goldcorp for $3.6 billion.
 
Hot Chili said it has paid application fees, appointed legal advisors, and begun the formal application process for a TSXV listing.
 
The copper explorer and development aspirant said further news flow could be expected shortly, with three drill rigs in operation and pre-feasibility studies underway in respect of its Cortadera and Santiago Z coastal projects.
 
Hot Chili started the recently completed March quarter with A$9.5 million cash.
 
Shares in Hot Chili were up 3% to 3.3% in afternoon trade, capitalising the company at $102 million.