Hot Chili Adds Mine Build Credentials with Appointment of New Chair and Project Director
PERTH, Australia , May 7, 2025 /CNW/ - Hot Chili Limited (ASX: HCH) (TSXV: HCH) (OTCQX: HHLKF) ("Hot Chili" or the "Company") is pleased to announce the appointment of two highly regarded and experienced mining executives to the Company's Board and executive management group.
High profile Australian mining executive and former Gold Fields executive vice president Mr Stuart Mathews has been appointed to the Board of Directors in the role of Non-executive Chair. In addition, well regarded Chilean mining executive and project director for several of Chile's largest mine developments, Mr Alberto Cerda, has been appointed to the executive role of Project Director.
Both appointments significantly strengthen the Company's experience and capabilities ahead of the commencement of Definitive Feasibility Studies for its Costa Fuego copper-gold project and Huasco Water project, located at low elevation along the coastal range of Chile.
Mr Stuart Mathews – Non-Executive Chair of Hot Chili
Stuart Mathews is an international mining professional with more than 32 years' experience working across Australia, Mexico and New Zealand.
After graduating with a Master of Science (Geology) from University of Canterbury, New Zealand, Stuart rapidly progressed through geology ranks to Geology Manager level before spending 15 years in project development and general operations management, including the past five years as a C-level executive.
Stuart joined Gold Fields in mid-2013 initially at St Ives, before being appointed General Manager at the Granny Smith Mine, and then Vice President Operations - Australia.
In February 2017 Stuart took over the position of Executive Vice President - Australasia and was also appointed to the executive committee of Gold Fields International.
His role involved managing Gold Fields' regional mining portfolio that delivered +1m oz of gold per annum as well as leading strategic growth in Australia and greater Gold Fields globally.
During his career he has delivered five mining projects from exploration through development to full operations.
Mr Alberto Cerda – Project Director
Alberto Cerda is a Chilean mining engineer and professional with over 40 years' experience working in the Chilean and international mining industry.
Alberto's experience spans oversight of mining reserves and mine production across underground and open pit mining operations, metallurgical processes, metal marketing, corporate governance and business operations across large organisations including Newmont, Barrick, Antofagasta Minerals, Glencore, BHP Billiton and CODELCO.
Over the past 30 years, Alberto has acted in Mine Manager, General Manager and Project Director roles across both greenfield and brownfield mining projects from conceptual stage to development, execution and operation including Los Pelambres, Lomas Bayas, Antamina, Collahuasi, Spence, Cerro Colorado and El Indio.
Over the past five years, Alberto led the Norte Abierto Joint Venture as Project Director for Newmont and Barrick in developing the neighbouring Cerro Casale and Caspiche gold-copper deposits in northern Chile.
The Company welcomes these two key appointments at an important inflexion point in the Company's growth and looks forward to Stuart and Alberto's contribution and stewardship of Hot Chili's final stages of investment to deliver a new mid-tier copper-gold producer.
Further updates are expected.
This announcement was approved and authorised for release by the Board of Hot Chili.
For further information, please contact:
or visit Hot Chili's website at www.hotchili.net.au
Qualifying Statements
Disclaimer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Hot Chili Limited
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Cision Canada
36 minutes ago
- Cision Canada
EDC supported more than 27,800 businesses and facilitated more than $123 billion intrade-related activities Français
OTTAWA, ON, June 9, 2025 /CNW/ - Today, Export Development Canada (EDC) released its 2024 Integrated Annual Report, highlighting how the organization helped its customers grow their business beyond Canada to seize the vast trade opportunities that await them in the global marketplace. The report is complemented by additional environmental, social and governance (ESG) disclosures: 2024 Climate-Related Disclosure, and the 2024 Sustainable Bond Impact Report. In 2024, exporters faced a complex and rapidly evolving economic environment. During this period, EDC expanded its presence in key Indo-Pacific markets to support the trade diversification of Canadian exporters. EDC invested in medium-sized Canadian exporters, sharpening its focus on priority sectors, and maintained a strong commitment to sustainable and responsible business practices. "In 2024, global economic softness weighed on Canadian exporters. Slow domestic growth, higher-for-longer interest rates and slowing labour markets strained the economic outlook in many countries," said Alison Nankivell, EDC's President and CEO. "Those challenges, coupled with new market uncertainties towards the end of the year, have energized our customers to transition from continental to global traders as we strive to make it easier for them to secure new international business opportunities. This renewed interest in trade diversification and EDC's solutions have increased since the start of this year given the evolving nature of U.S. trade policies, and we're stepping up to support them." In 2024, EDC supported more than 27,800 customers with financial and knowledge solutions, with the vast majority being small and medium-sized businesses. We facilitated a total of $123.4 billion in exports, foreign investment and trade development activities, including $23.4 billion in business in emerging markets. This support contributed to over 475,800 domestic jobs and helped to generate $87 billion of Canada's GDP. "During an uncertain economic environment, we strategically deployed capital and took on risk to help more Canadian companies reach global markets—and we are continuing to do so in response to the current climate," said Scott Moore, EDC's Executive Vice-President and Chief Financial Officer. "We're motivated by findings that Canadian companies supported by EDC generate 23% more revenues, employ 16% more workers and are 6% more productive, according to our latest study with Statistics Canada." In 2024, EDC's net income increased to $915 million from $450 million in 2023. This was driven by higher net revenue, combined with unrealized gains on financial instruments carried at fair value. Our growing presence in the Indo-Pacific In 2024, EDC added three new representations in the Indo-Pacific, increasing the total number of representations to 11 in the region, including its Singapore branch. EDC opened representations in Ho Chi Minh City, Vietnam, Manila, Philippines, and most recently, Bangkok, Thailand (in 2025) to offer in-market support to attract more Canadian companies to the booming region and help them navigate local market complexities. EDC supported 1,529 customers and facilitated $13 billion in business volumes in the Indo-Pacific region in 2024. It also signed memorandums of understanding with several export credit agencies and market leaders to enable strong market access for Canadian exporters. Our support for Canada's medium-sized exporters and key sectors In 2024, we continued our strategic objective to support the international growth of Canada's medium-sized companies. In 2024, we served 1,175 medium-sized Canadian companies across our financial solutions. EDC is focusing on Canadian sectors that provide net-new growth for Canada, namely agri-food, critical minerals, the energy transition, advanced manufacturing and digital industries. Its goal is to highlight Canada's strengths on the global stage and improve trade competitiveness. For example, in the agri-food sector, EDC served 3,201 customers throughout the year, facilitating $21.7 billion in business. As a leading financier of Canada's cleantech industry, EDC served 500 cleantech customers in 2024, enabling $9.7 billion in business facilitated. Our commitment to responsible business Throughout the year, EDC maintained its commitment to responsible business. In 2024, we issued our sixth green bond valued at US$ 1 billion, helping to further attract capital for climate-focused investment and support for projects that generate positive environmental outcomes. Additionally, we deployed $1.3 billion in financing for 56 renewable energy projects. Through our inclusive trade efforts, we offered targeted support for Canadian companies owned by members of equity-seeking groups, focusing on companies owned by women and Indigenous people. This effort served 3,816 financial and non-financial customers and facilitated $2.5 billion in business and trade activities. For more information, read the 2024 Integrated Annual Report and the suite of supplemental ESG reports. Export Development Canada (EDC) is a financial Crown corporation dedicated to helping Canadian businesses make an impact at home and abroad. EDC has the financial products and knowledge Canadian companies need to confidently enter new markets, reduce financial risk and grow their business as they go from local to global. Together, EDC and Canadian companies are building a more prosperous, stronger and sustainable economy for all Canadians.


Cision Canada
37 minutes ago
- Cision Canada
Canada's new government is rebuilding, rearming, and reinvesting in the Canadian Armed Forces Français
TORONTO, June 9, 2025 /CNW/ - In an increasingly dangerous and divided world, Canada must be prepared – to defend our people and our values, to secure our sovereignty, and to protect our Allies. We must be prepared to lead and to shape a more stable and prosperous world. This entails government recognizing our new realities and investing in the measures required to meet this moment. Today, the Prime Minister, Mark Carney, announced that Canada's new government is rebuilding, rearming, and reinvesting in the Canadian Armed Forces. With this increase, Canada will achieve NATO's 2 per cent target this year – half a decade ahead of schedule – and further accelerate our investments in years to follow, consistent with our security imperatives. The investment for 2025-26 will be over $9 billion. Measures in this plan include: Better pay for Canadian Armed Forces, improved recruitment and retention, and investments to support operational readiness, fleet maintenance, security, and infrastructure requirements. New aircraft, armed vehicles, and ammunition, as well as support for projects currently underway. Developing new drones and sensors to monitor the seafloor and the Arctic. Repairing and maintaining existing ships, aircraft, and other assets. More health care funding and staff for Armed Forces personnel. Expanding the reach, security mandate, and abilities of the Canadian Coast Guard and integrating it into our NATO defence capabilities – to better secure our sovereignty and expand maritime surveillance. Bolstering Canada's defence industrial capacity. Building capacity in artificial intelligence, cyber, quantum, and space. Modern and secure digital infrastructure. The plan will support key capabilities, including: Arctic Over-the-Horizon Radar Joint Counter-Drone Program Joint Support Ships Long-range precision strike capability Increased domestic ammunition production Additional logistics utility vehicles, light utility vehicles, and armoured vehicles This government will also undertake efforts to support veterans, including modernizing the benefits system so veterans get supports sooner, streamlining military trade credentials in the civilian sectors, and improving health services for women veterans. Canada requires these capabilities to uphold and assert its sovereignty and ensure our defence never becomes dependent on others again. As we strengthen the Canadian Armed Forces, we will also build up Canadian industry, driving innovation and creating good careers for Canadian workers and new opportunities for Canadian businesses. Now more than ever, we need to defend our sovereignty and safeguard Canada's people and interests. Quotes "In an increasingly dangerous and divided world, Canada must assert its sovereignty. We will rapidly procure new equipment and technology, build our defence industrial capacity, and meet our NATO defence commitment this year. Canada will seize this opportunity with urgency and determination." — The Rt. Hon. Mark Carney, Prime Minister of Canada "For generations, Canadians have served our country with honour, and today, we renew our promise to stand behind them. We are equipping our Armed Forces with the capabilities and support they need to protect Canadians and uphold our commitments around the world. This historic investment will strengthen our sovereignty and invest in the Canadian economy – growing a world-class defence industry that fuels innovation and job creation." — The Hon. , Minister of National Defence


Globe and Mail
an hour ago
- Globe and Mail
Arya Resources Ltd. (RBZ) Upsizes Flow-Through Financing Amid Surging Investor Demand
Vancouver, British Columbia--(Newsfile Corp. - June 9, 2025) - Arya Resources Ltd. (TSXV: RBZ) ("Arya" or the "Company") is pleased to announce upsizing of its previously announced flow-through financing, driven by growing investor interest. The Company will now issue 4,873,146 flow-through shares (the "FT Shares"), up from the originally planned 3,846,154 shares. The FT Shares are priced at $0.13 per share and qualify as "flow-through shares" as defined in subsection 66(15) of the Income Tax Act (Canada). The increase brings the total gross proceeds from the financing-including the non-flow-through tranche closed on June 3, 2025-to $1,143,509. This funding supports Arya's aggressive exploration and growth plans in one of Canada's most prospective mining jurisdictions. Use of Proceeds Flow-through proceeds will directly fund exploration work on Arya's Saskatchewan-based mineral projects, including its flagship Wedge Lake Gold Project, where the Company holds full permits to commence drilling as announced in its March 19, 2025 news release -see March 19, 2025 News Release. Non-flow-through proceeds will be allocated to general working capital, supporting ongoing corporate development and strategic initiatives. Finder's Fees In accordance with applicable securities laws and subject to TSX Venture Exchange approval, Arya may pay finder's fees to eligible parties as follows: 7% cash commission on subscription proceeds raised from introduced investors. Finder warrants equal to 7% of the securities sold to these investors, with terms identical to those of the investor warrants. About Arya Resources Ltd. (TSXV: RBZ) Arya Resources Ltd. is a Canadian-based mineral exploration company focused on unlocking the value of high-potential gold, silver, copper, nickel, and cobalt projects in mining-friendly jurisdictions. As a Tier-2 issuer on the TSX Venture Exchange, Arya is committed to building shareholder value through strategic acquisitions, targeted exploration, and sustainable development. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. This news release includes "forward looking statements" that are subject to assumptions, risks and uncertainties. Statements in this news release which are not purely historical are forward looking statements, including without limitation any statements concerning the Company's intentions, plans, estimates, expectations or beliefs. Although the Company believes that any forward looking statements in this news release are reasonable, there can be no assurance that any such forward looking statements will prove to be accurate. The Company cautions readers that all forward looking statements, including without limitation those relating to the Company's future operations and business prospects, are based on assumptions, none of which can be assured, and are subject to certain risks and uncertainties that could cause actual events or results to differ materially from those indicated in the forward looking statements. Readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance on forward looking statements. Any forward looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward looking statements, or to update the reasons why actual events or results could or do differ from those projected in the forward looking statements. Except as required by law, the Company assumes no obligation to update any forward looking statements, whether as a result of new information, future events or otherwise.