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Financings Neutral

Marimaca Copper Announces Global Offering of C$409 Million (~ A$423 Million)

By The Northwire Desk — AI Analysis Feb 17, 2026 · 16:46 MARI · 11.08 Marimaca Copper Corp.
MARI · Price

Executive Summary

  • Marimaca Copper Corp. announced a combined “Global Offering” consisting of a treasury offering of up to C$136 million (≈A$141 million) and a secondary offering of up to C$273 million (≈A$283 million).
  • The Canadian portion will be priced at C$10.00 per common share; the Australian CDI portion at A$10.35 per CDI, with both expected to close around February 26, 2026 pending regulatory approvals.
  • Net proceeds from the treasury offering are earmarked for advancing the Marimaca Project (engineering, early site work, drilling at Pampa Medina) and general corporate purposes; secondary‑offering proceeds will go to selling shareholders.

Key Details

  • Offering Structure:
  • Treasury Offering – up to C$136 M of new common shares (Canada) and CDIs (Australia).

  • Secondary Offering – up to C$273 M of existing common shares and CDIs held by Greenstone Resources II L.P., Greenstone Co‑Investment No. 1 (Coro) L.P., and other selling shareholders.

  • Pricing:

  • Canadian Common Shares: C$10.00 per share.

  • Australian CDIs: A$10.35 per CDI.

  • Lead Managers / Agents:

  • Canadian Co‑Lead Agents: Beacon Securities Ltd. & BMO Capital Markets (joint bookrunners), co‑managed with National Bank Financial Inc.

  • Australian Co‑Lead Agents: Euroz Hartleys Ltd. & Canaccord Genuity (Australia) Ltd.

  • Closing Dates: Expected on or about February 26, 2026 for both Canadian and Australian offerings, subject to TSX approval and other regulatory consents.

  • Use of Proceeds – Treasury Offering:

  • Fund pre‑construction decision engineering workstreams and early site works for the Marimaca Project.
  • Finance a drilling campaign at Pampa Medina.

  • Provide working capital and general corporate purposes.

  • Selling Shareholders’ Restrictions: Agree not to sell any common shares or CDIs for 90 days after closing, subject to limited exceptions.

  • Regulatory Notes:

  • Canadian Offering made via prospectus supplement to the short‑form base shelf prospectus dated Jan 9, 2026; may be offered in U.S. to qualified institutional buyers (QIBs).

  • Australian CDIs offered under ASX Listing Rule 7.1 waiver; sold to professional/sophisticated investors in multiple jurisdictions.

  • Syndication Access: Prospectus supplement and related documents available free of charge on SEDAR+ and from the lead agents’ contact points.

Notable Quotes

(No executive quotes were included in the release.)

Read the original news release →

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Marimaca transitions from explorer to developer with a C$409 million war chest and a massive 100,000m drill program at Pampa Medina.

Technical Study