Northwire Canada EditionWednesday, November 11, 2026
Sign inSubscribe
Northwire
⌕
Gold 4,030.20 −2.0% Silver 51.23 −2.8% Copper 6.27 −1.2% Oil 86.04 −0.9% Palladium 1,024.00 +0.2% NVX 0.910 +0.0% MSR 0.435 +0.0% ELE 22.85 −4.0% ALS 53.01 −2.2% APM 5.13 −6.6% AVL 5.46 −5.4% NG 8.84 −9.0% ATY 0.220 −2.2% CN 0.125 −10.7% PMET 3.22 −4.2% ITH 1.99 −11.6% VMET 12.33 −6.9% ABX 56.41 −5.6% PUR 0.370 +8.8% SCY 0.085 +6.2% AUMN 0.300 +7.1% Gold 4,030.20 −2.0% Silver 51.23 −2.8% Copper 6.27 −1.2% Oil 86.04 −0.9% Palladium 1,024.00 +0.2% NVX 0.910 +0.0% MSR 0.435 +0.0% ELE 22.85 −4.0% ALS 53.01 −2.2% APM 5.13 −6.6% AVL 5.46 −5.4% NG 8.84 −9.0% ATY 0.220 −2.2% CN 0.125 −10.7% PMET 3.22 −4.2% ITH 1.99 −11.6% VMET 12.33 −6.9% ABX 56.41 −5.6% PUR 0.370 +8.8% SCY 0.085 +6.2% AUMN 0.300 +7.1%
Financings

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 →

More from Marimaca Copper Corp.

Oct 01, 2026 · 06:30

Marimaca secures grid connection and PPA framework to de-risk power ahead of H2 2026 final investment decision.

Other Sep 08, 2026 · 06:00

Marimaca reports 173m true width at 0.96% copper, expanding the manto system while the stock continues to discount the discovery.

Drill Results Jul 07, 2026 · 06:30

Marimaca’s bornene zone extends 300m south with 40m of 2.04% copper, boosting the scale of its high-grade manto system.

Drill Results Jun 08, 2026 · 08:45

Marimaca Copper drilled ultra-high-grade bornite at Pampa Medina, though execution risk and capital intensity cap near-term upside.

Drill Results May 19, 2026 · 16:10

Marimaca Copper Advances MOD Permitting Toward H2 FID Amidst Pampa Medina Exploration Upside

Production / Operations May 19, 2026 · 06:30

Marimaca Copper Corp.

Drill Results