Marimaca Announces Closing Of C$20 Million Strategic Investment By Mitsubishi Corp.
07/12/23, 11:02 AM
Location
vancouverMoney raised
$20 million
Industry
mining
mineral
precious metals
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 Info
Location
vancouver, british columbia, canada
Additional Info
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.