Hot Chili (ASX:HCH) said that its Costa Fuego copper-gold project and Huasco Water project in Chile met the Chilean government's criteria for priority status, and have been officially registered by the Chilean Ministry of Economy's Office for Sustainable Project Management, according to a Wednesday filing with the Australian bourse.
This registration allows both projects to fast-track administrative approvals under the government's strategic investment initiative, the filing said.
The company will now centralize permitting processes and monitor progress via a single platform, the filing added.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.