Marimaca Copper Secures Major Funding for Growth Initiatives

Author: Owen Jenkins Updated: 09-05-2025 09:18 AM

Marimaca Copper Secures A$80,000,000 Placement Funding

Marimaca Copper Corp. (MARI) has made headlines with the successful completion of its A$80,000,000 brokered placement, which will significantly bolster its growth opportunities. This placement includes the issuance of 8,247,423 new Chess Depositary Interests (CDI) at a price of A$9.70 per CDI. The gross proceeds from this initiative will provide the necessary capital for advancing existing projects and exploring new opportunities.

Strong Support from Institutional Investors

The recent placement drew substantial interest from new institutional and sophisticated investors, indicative of the confidence in the future of Marimaca. Demand exceeded expectations, highlighting the robust interest in their projects and future endeavors. This development is crucial for enhancing liquidity on the ASX for their shareholders and aligns with their strategy to attract institutional investment.

Allocation of Placement Proceeds

Marimaca intends to use the net proceeds from the placement primarily for exploration at the Pampa Medina Project and to advance work at the Marimaca Oxide Deposit (MOD). These funds will support the detailed design, engineering work, and other project-related activities aimed at unlocking further value from their assets.

Details of the Placement

The CDIs are being issued under an ASX Listing Rule 7.1 waiver, allowing for greater flexibility in their capital-raising strategy. Subject to usual closing conditions and regulatory approvals, the completion is anticipated to occur shortly, providing Marimaca with timely access to critical funding.

Expertise from Joint Lead Managers

Macquarie Capital (Australia) Limited, Euroz Hartleys Limited, and Beacon Securities Limited are the joint lead managers for the placement. The experience and expertise of these firms are expected to facilitate a smooth and successful placement process.

Understanding Marimaca's Strategic Focus

Marimaca Copper Corp. is focused on its flagship Marimaca Copper Project located in Chile, recognized for its potential and strategic importance. The project features the IOCG-type copper deposit of Marimaca Oxide, and the company aims to push the project through its Definitive Feasibility Study led by Ausenco Chile Ltda. Alongside the MOD, Marimaca is actively exploring its larger land package in the Antofagasta region, which spans more than 15,000 hectares of land near the MOD site.

Contact Information for Further Inquiries

Those interested in learning more about Marimaca Copper or the specifics of this placement can visit their official website at www.marimaca.com. For direct inquiries, their investor relations contacts are available firsthand.

Tavistock
+44 (0) 207 920 3150
Emily Moss / Ruairi Millar

marimaca@tavistock.co.uk

Frequently Asked Questions

What is Marimaca Copper's recent funding achievement?

Marimaca Copper has successfully secured A$80,000,000 through a brokered placement, enhancing its financial position for exploration and development projects.

What will the proceeds from the placement be used for?

The net proceeds will be allocated towards exploration activities at the Pampa Medina Project and advancing workstreams at the Marimaca Oxide Deposit.

Who are the managers for the placement?

Macquarie Capital, Euroz Hartleys, and Beacon Securities are acting as joint lead managers for Marimaca's placement.

What is the timeframe for the completion of the placement?

The placement is expected to complete shortly, pending standard closing conditions and regulatory approvals.

Where is Marimaca Copper located?

Marimaca Copper operates primarily in the Antofagasta region of Chile, focusing on its flagship Marimaca Copper Project.

About The Author

Hi there I'm 38-year-old author and financial consultant Owen Jenkins. Having worked in the financial sector for more than ten years, I am well-versed in the subtleties and complexity that mold our financial environment. Following a degree in finance, I worked in a number of financial institutions honing my abilities in market analysis, financial planning, and investment strategies.

My love is teaching others about investing and personal finance. My goal in writing many books and articles has been to demystify financial ideas and give readers the information they need to make wise financial decisions. I write with a direct, useful style that emphasizes doable suggestions for daily living.

Along with writing, I lead webinars and seminars where I impart knowledge on how to successfully negotiate the financial world. I also write for financial journals and show up as a guest expert on financial news programs a lot. Whether they are new to investing or want to improve their approach, my mission is to enable people to take charge of their financial futures.

Beyond work, I like to hike, play the guitar, and spend time with my family. I think that balance is crucial and want to encourage people to strike a balance between their financial aspirations and their hobbies. I want to help people succeed and achieve financial security through my work, so having a good influence.

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