Assore International follow-on investment in Marimaca Copper Project

On June 11, 2025, Marimaca Copper Corp. (“Marimaca”) announced the closing of the first tranche of its previously announced non-brokered private placement for total gross proceeds of approximately C$24,433,000 (or approximately US$17,700,000).

Pursuant to the private placement, Assore International Holdings Limited (“AIH”) and Ithaki Limited (“Ithaki”) each subscribed for 2,250,000 common shares of Marimaca at a price of C$4.60 per share for total gross proceeds of approximately C$20,700,000

An additional institutional investor together with its affiliates will subscribe on the same terms as AIH and Ithaki for an additional 811,416 shares for total gross proceeds of C$3,732,514. This investment was expected to close on or around June 12th, 2025.

Net proceeds from the private placement will be used for exploration, to advance Marimaca’s flagship Marimaca Copper Project located in the Antofagasta Region of northern Chile and for general corporate purposes.

Further information can be found on GlobeNewswire’s website.

Marimaca Copper is a Canadian exploration and development company focused on developing the Marimaca Project, an oxide, open-pit, heap leach copper project located in the Antofagasta region of northern Chile.

AIH, formed in 2020, is a UK-based subsidiary of Assore Holdings (Pty) Limited, the apex company of the Assore Group, a South-African based privately-held global, diversified, mining investor, marketer and operator.