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Marimaca Copper Corp T.MARI

Alternate Symbol(s):  MARIF

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.


TSX:MARI - Post by User

Post by Richiechileon Jun 05, 2024 2:30am
209 Views
Post# 36072549

$87million raised since 3 September 2020

$87million raised since 3 September 2020Quite staggering the amount of money Marimaca has successfully raised in equity, royalty and asset sales since the PEA was issued on 3 September 2020 and now Marimaca want more money.  After almost 4 years under the current CEO and boards stewardship the progress has been anaemic (no DFS, no permits submitted)  There is something wrong culturally where $87million has been spent and all we have is promises and hot air.  Exploration, permitting and engineering studies could not be easier than at the gift that is Marimaca.  Think of the poor guys at Filo del Sol but look at their market cap of C$3billion.  Fact is the anemic Marimaca share price reflects the slow progress in value add over 4 years.  
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