The Prospector News

Marimaca Announces Closing of C$20 million Strategic Investment by Mitsubishi Corp.

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Marimaca Announces Closing of C$20 million Strategic Investment by Mitsubishi Corp.

 

 

 

 

 

Marimaca Copper Corp. (TSX: MARI) is pleased to announce the closing of the previously announced C$20 million equity investment by Mitsubishi Corporation by way of non-brokered private placement. 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.

 

Pursuant to the Strategic Investment, Mitsubishi acquired an aggregate of 4,640,371 units consisting of one common share and one Common Share purchase warrant at a price of C$4.31 per Unit. Each Warrant will entitle Mitsubishi to purchase one additional Common Share at an exercise price of C$5.60 for a period of 24 months following closing. As a result of the Strategic Investment, Mitsubishi now owns approximately 5.0% of Marimaca’s issued and outstanding common shares on a non-diluted basis.

 

Mitsubishi is a major investor in the Latin American copper industry with a portfolio of existing investments including Escondida, Los Pelambres, Antamina, Los Bronces and Quellaveco.

 

About Marimaca

Marimaca Copper is a Canadian exploration and development company focused on developing the Marimaca Project, an oxide, open-pit, heap leach copper project located in the Antofagasta Region of northern Chile.

 

Posted July 12, 2023

Share this news article

MORE or "UNCATEGORIZED"


Hudbay Provides Annual Reserve and Resource Update with Mine Life Extensions and Improved Three-Year Production Outlook

Hudbay Minerals Inc. (TSX:HBM) (NYSE: HBM) today released its ann... READ MORE

March 27, 2026

OREZONE GOLD COMPLETES STRATEGIC ACQUISITION OF CASA BERARDI GOLD MINE AND QUEBEC EXPLORATION PORTFOLIO AND REPORTS FOURTH QUARTER 2025 RESULTS

Strategic acquisition of an established operating gold mine, loca... READ MORE

March 27, 2026

Cerro de Pasco Resources Secures Access Agreement Over Entire Quiulacocha Tailings Area, Enabling Next Phase of Project Development

Cerro de Pasco Resources Inc. (TSX-V: CDPR) (OTCQB: GPPRF) (FRA: ... READ MORE

March 26, 2026

SAGA Metals Acquires Strategic Titanium Assets from Rio Tinto in Quebec

The Garneau Titanium Project Features Ilmenite-Rich Boulder with ... READ MORE

March 26, 2026

ValOre Reports Positive Leaching Results from Ongoing Metallurgical Program for Pedra Branca PGM Project, Brazil; 73% Platinum and 74% Palladium Achieved Extraction from Weathered Material and 66% Platinum and 79% Palladium from Chromitite;

ValOre Metals Corp. (TSX‐V: VO) (OTCQB: KVLQF) (Frankfurt: KEQ0... READ MORE

March 26, 2026

Copyright 2026 The Prospector News