Fundraising Announcement
On 9 September 2025, Marimaca Copper Corp. announced that it had successfully raised approximately A$80 million (US$53 million) to advance its flagship copper oxide project in northern Chile. The funds were secured through a mix of private placements and institutional investors, underscoring renewed market appetite for high- potential copper projects. The company stated that the proceeds will be directed toward drilling, feasibility updates, and pre-construction
development activities at the Marimaca Oxide Deposit (MOD).
Project Background
The Marimaca Oxide Project, located in the Antofagasta region, is regarded as one of the most significant copper oxide discoveries in Chile in recent years. Its proximity to existing infrastructure—power, water, ports—gives it strategic advantages compared to more remote projects. The deposit is expected to deliver robust production with relatively low operating costs, appealing to investors looking for exposure to near- term copper supply in a tight global market. The new funding will also support expanded metallurgical testing and environmental permitting, bringing the project closer to construction readiness.
Market & Strategic Significance
Marimaca’s fundraising comes at a moment when copper demand is surging due to its central role in the global energy transition, from electric vehicles to renewable energy infrastructure. Analysts highlight that smaller, high-quality projects like Marimaca’s are increasingly attractive as majors and mid-tiers look for acquisition targets to replenish reserves. While the fundraising is a positive sign, the project still faces challenges, including volatile copper prices, permitting timelines, and community engagement in northern Chile. If managed well, the MOD could become a valuable addition to Chile’s copper pipeline and a model for efficient project development.