Marimaca Raises A$80M via Placement at A$9.70 per CDI
Marimaca Copper has successfully raised A$80 million through a strongly supported placement, positioning the company to advance exploration and development at its flagship Chilean copper projects.
- Raised A$80 million via placement of 8.25 million CDIs at A$9.70 each
- Strong demand from new institutional and existing investors
- Funds earmarked for Pampa Medina exploration and Marimaca Oxide Deposit development
- Placement subject to regulatory approvals including TSX clearance
- Joint lead managers include Macquarie Capital, Euroz Hartleys, and Beacon Securities
Capital Raise Highlights Investor Confidence
Marimaca Copper Corp. has completed a significant capital raise, securing approximately A$80 million through a brokered placement of new Chess Depositary Interests (CDIs). The placement, priced at A$9.70 per CDI, attracted strong support from both new institutional investors and existing shareholders, signaling robust market confidence in the company’s growth prospects.
Strategic Use of Proceeds to Drive Project Advancement
The net proceeds from this placement are earmarked primarily for advancing exploration activities at the Pampa Medina Project and the Marimaca sulphide target. Additionally, funds will support detailed design, engineering, and project-related workstreams at the Marimaca Oxide Deposit (MOD), the company’s flagship IOCG-type copper deposit located in Chile’s Antofagasta region. This targeted investment underscores Marimaca’s commitment to progressing its Definitive Feasibility Study and unlocking value from its extensive land holdings.
Market and Regulatory Context
The placement is subject to customary closing conditions, including regulatory approvals from the Toronto Stock Exchange (TSX) and other authorities. The company anticipates completion around September 11, 2025. The involvement of prominent joint lead managers such as Macquarie Capital, Euroz Hartleys, and Beacon Securities, alongside co-manager Canaccord Genuity, reflects the transaction’s scale and the strategic importance of the capital raise.
Implications for Shareholder Base and Liquidity
Marimaca welcomes new institutional shareholders to its register, which is expected to enhance liquidity on the ASX. This broadened investor base could provide greater market depth and support for the company’s shares as it advances its copper projects. The placement also positions Marimaca to better navigate the competitive and capital-intensive mining sector, particularly amid fluctuating metal prices and evolving regulatory landscapes.
Looking Ahead
With fresh capital secured, Marimaca is well-placed to accelerate its exploration and development agenda in Chile, a region known for its rich copper endowment. The company’s progress on the Definitive Feasibility Study and exploration results from Pampa Medina will be closely watched by investors seeking insights into the project’s potential scale and economics.
Bottom Line?
Marimaca’s successful capital raise sets the stage for a pivotal phase in its Chilean copper ventures, but regulatory approvals and project execution remain key hurdles ahead.
Questions in the middle?
- Will regulatory approvals, particularly from the TSX, proceed smoothly and on schedule?
- How will the new institutional investors influence Marimaca’s strategic direction and governance?
- What exploration results or milestones can investors expect in the coming months from Pampa Medina and the Marimaca Oxide Deposit?
