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Marimaca Announces Closing Of C$20 Million Strategic Investment By Mitsubishi Corp.

Jul 12, 2023about 2 years ago

Amount Raised

$20 Million

VancouverMiningMineralPrecious Metals

Description

Marimaca Copper Corp. (“Marimaca Copper”, “Marimaca” or the “Company”) (TSX: MARI) is pleased to announce the closing of the previously announced C$20 million equity investment by Mitsubishi Corporation (“Mitsubishi”) by way of non-brokered private placement (the “Strategic Investment”). Proceeds from the Strategic Investment will be used to advance and accelerate the development of the Company’s flagship Marimaca Copper Project located in the Antofagasta region, Chile.

Company Information

Company

Marimaca Copper

Location

Vancouver, British Columbia, Canada

About

Marimaca is a Canadian copper exploration company focused on exploring and developing new copper resources to supply an increasing global demand for this essential commodity. The Marimaca Project is one of the most important copper oxide discoveries in a decade in northern Chile and the Company believes it has the potential to be one of the best new open-pit copper oxide projects globally.

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