Marimaca Copper Secures AU$80 Million Through Brokered Placement

Highlights:

• AU$80 million secured through brokered placement of ~8.25 million CDIs at AU$9.70 each.
• Proceeds to fund MOD design and engineering, exploration at Pampa Medina and sulphide targets, plus general corporate purposes.
• Placement led by Macquarie Capital, Euroz Hartleys, and Beacon Securities, with settlement expected on September 11, 2025.

Major Capital Raise to Fund Development and Exploration

Marimaca Copper Corp. (ASX: MC2) has launched a brokered placement to raise approximately AU$80 million (around C$72 million) through the issue of 8.25 million Chess Depositary Interests (CDIs) at AU$9.70 each. At the time of writing, the offering is being conducted in Australia and selected international jurisdictions, excluding Canada. The company confirmed that the funds will be directed toward advancing its flagship Marimaca Oxide Deposit (MOD) and further exploration opportunities.

Allocation of Proceeds

The net proceeds from this placement will primarily support detailed design and engineering at the MOD, alongside exploration activities at the Pampa Medina Project and the Marimaca sulphide target. Additional funds will be allocated for general corporate purposes, positioning Marimaca Copper to accelerate project development and exploration efforts in Chile’s Antofagasta region.

Placement Structure and Timeline

The placement is being managed under an ASX Listing Rule 7.1 waiver, with settlement expected on September 11, 2025, and CDI allotment scheduled for September 12, 2025. The company noted that trading on the ASX was temporarily halted on September 5, with regular trading set to resume on September 8. Trading of Marimaca Copper’s common shares on the Toronto Stock Exchange remains unaffected. Macquarie Capital (Australia) Limited, Euroz Hartleys Limited, and Beacon Securities Limited are serving as joint lead managers for the offering. Completion of the placement remains subject to regulatory approvals, including clearance from the Toronto Stock Exchange.

Leadership Commentary

Hayden Locke, President and CEO of Marimaca Copper, expressed gratitude for investor backing, stating the raise provides the resources needed to advance the MOD into the design and engineering phase while expanding exploration at Pampa Medina and sulphide targets.

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