Marimaca Copper joins ASX in bid to fund Chilean project
Marimaca Copper, a Canadian miner with a flagship project in Chile, has joined the ASX, a move aimed at tapping deeper pools of capital as copper demand surges. The stock, listed under ticker MC2, debuts as CHESS Depositary Interests on April 2, following its admission to the ASX on March 31.
The dual listing on the ASX and TSX comes as Marimaca pushes to bring its Marimaca Copper project in Chile’s Antofagasta region into production.
“The commencement of trading of Marimaca on the ASX marks a significant milestone for the company as we advance the development of the Marimaca copper project, and I would like to thank the Marimaca team, and our advisers, for their extremely efficient delivery of the workstreams required to get us here," said president and CEO Hayden Locke.
“We are at an important inflection point as a company, and the dual listing on the ASX and TSX broadens the pool of institutional capital that we have access to.”
The company is targeting construction readiness by mid-2026 for the Marimaca oxide deposit, an iron oxide copper/gold project. With its environmental-impact assessment submitted, Marimaca expects clearer timelines for approvals soon. “We now have a more clear view on the timing of our environmental approvals, with our DIA submitted, and we have set ourselves an ambitious internal target to be construction ready in the middle of 2026,” Locke said. “Access to a broad pool of capital to support our development objectives, therefore, becomes ever more critical.”
Marimaca is also ramping up exploration at its Sierra de Medina property and the sulphide target beneath the oxide deposit.
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