Marimaca Copper Announces Closing of A$80,000,000 Placement

Core Viewpoint - Marimaca Copper Corp. has successfully closed a brokered placement, raising approximately A$80 million for various project developments and corporate purposes [1][2]. Group 1: Placement Details - The company issued 8,247,423 Chess Depositary Interests (CDIs) at a price of A$9.70, resulting in gross proceeds of approximately A$80,000,000 or C$72,080,000 [1]. - The placement is subject to final approval from the Toronto Stock Exchange (TSX) and allotment of the CDIs will occur on September 12, 2025 [3]. Group 2: Use of Proceeds - Net proceeds from the placement will be allocated for exploration at the Pampa Medina Project, detailed design and engineering at the Marimaca Oxide Deposit (MOD), and general corporate purposes [2]. Group 3: Participation and Management - Euroz Hartleys Limited, Beacon Securities Limited, and Macquarie Capital (Australia) Limited acted as joint lead managers for the placement, with Canaccord Genuity (Australia) Limited as a co-manager [3]. - Existing insiders, Assore International Holdings Limited and Ithaki Ltd., participated in the placement, acquiring 1,376,289 CDIs and 1,226,805 CDIs, respectively [5]. Group 4: Company Overview - Marimaca is focused on copper exploration and development, particularly its 100%-owned Marimaca Copper Project located in the Antofagasta Region of Chile [7]. - The Marimaca Copper Project includes the Marimaca Oxide Deposit (MOD), which is currently undergoing a Definitive Feasibility Study led by Ausenco Chile Ltda [8].