Marimaca closes $80-million (Australian) placement

Executive Summary

• Marimaca Copper Corp. closed an A$80 million brokered placement, issuing 8,247,423 CHESS depositary interests at A$9.70 each for gross proceeds of ~A$80 M (≈US$72.08 M).
• Net proceeds are earmarked for exploration and development work on the Pampa Medina project, Marimaca sulphide target, detailed design/engineering, and other project‑related activities at the Marimaca oxide deposit, plus general corporate purposes.
• The placement involved multiple lead managers (Euroz Hartleys, Beacon Securities, Macquarie Capital) and a co‑manager (Canaccord Genuity), with allotment scheduled for 12 Sept 2025, subject to TSX approval.

Key Details

• Placement Size: A$80 million gross proceeds (~US$72.08 M).
• Units Issued: 8,247,423 CHESS depositary interests (CDIs).
• Price per CDI: A$9.70 (Australian dollars).
• Use of Proceeds:
• Exploration at the Pampa Medina project and Marimaca sulphide target.
• Detailed design and engineering for the Marimaca oxide deposit.
• Project‑related work streams for the oxide deposit.
• General corporate purposes.
• Lead Managers: Euroz Hartleys Ltd., Beacon Securities Ltd., Macquarie Capital (Australia) Ltd. (joint lead managers).
• Co‑Manager: Canaccord Genuity (Australia) Ltd.
• Allotment Date: 12 Sept 2025, Australian Eastern Standard Time.
• Regulatory Condition: Placement subject to final approval from the Toronto Stock Exchange.
• Related‑Party Participation:
• Insiders Assore International Holdings Ltd. – 1,376,289 CDIs.
• Insiders Ithaki Ltd. – 1,226,805 CDIs.
• Waivers & Rights:
• Greenstone Resources LP and affiliates waived participation rights.
• AIH participated directly.
• Mitsubishi Corp. holds a pro‑rata purchase right for 30 business days post‑closing; pre‑closing ownership ~4.4 %.

Notable Quotes

No executive quotes were included in the release.