Marimaca Copper Corp T.MARI

Alternate Symbol(s): MARIF

Metals & Mining Copper

Marimaca Copper Corp. is a Canada-based exploration and development company focused on base metal projects in Chile. The Company’s principal asset is the Marimaca Copper Project, located in the Antofagasta Region of northern Chile. The Marimaca Copper Project is situated at a low altitude in Chile’s Coastal Copper Belt, 25 kilometers (km) east of the port of Mejillones and 45 km north of Antofagasta, Marimaca has access to water and power, road and rail networks supplying sulphuric acid and other consumables, as well as deepwater ports. The Marimaca Copper Project comprises a set of concessions (the 1-23 Claims), properties 100% owned and optioned by the Company, combined with the adjacent La Atomica and Atahualpa claims, over which Marimaca Copper has the right to explore and exploit resources. The Company also has an option agreement to acquire the Pampa Medina project (Pampa Medina), which consists of four mining concessions totaling 144 hectares.

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Marimaca Copper Corp > Financing would be my guess

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Comment by grossmrkupon Feb 22, 2021 12:03pm

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Post# 32626736

RE:RE:RE:RE:Financing would be my guess

They would have been negotiating this deal for weeks. Well before the run up in both copper prices and Marimaca stock prices. The deal would have been in for review with regulators for probably a week at least. So the ink on the deal was already dry before we had a break out.

Looks to me like they will now be able to mobilize multiple drill rigs and advance the project much quicker.

Timing could have certainly been better but who would have anticipated the run we have had?

This would have been a great premium to the share price just two weeks ago. So i'd take it as good news.

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