Business
Marimaca Commences Trading on the Australian Securities Exchange
VANCOUVER, British Columbia, April 01, 2025 (GLOBE NEWSWIRE) -- Marimaca Copper Corp. (“...
About this update from Marimaca Copper Corp.
[{"type":"text","content":"Marimaca Commences Trading on the Australian Securities Exchange\n\n\n\n VANCOUVER, British Columbia, April 01, 2025 (GLOBE NEWSWIRE) --\n \n Marimaca Copper Corp. (“Marimaca” or the “Company”) (TSX: MARI) (ASX: MC2)\n \n is pleased to announce that the Company has been admitted to the official list of the Australian Securities Exchange (“\n \n ASX\n \n ”) as a Foreign Exempt Listing, on March 31\n \n st\n \n 2025 (AEDT), and that the securities of the Company will commence quotation at 13:00 (1:00pm) Australia Eastern Daylight Time (AEDT) on April 2\n \n nd\n \n 2025.\n \n\n Shares of the Company will trade under the ticket MC2 and will be settled in the form of CHESS Depositary Interests (“\n \n CDIs\n \n ”). Each CDI will be equivalent to one fully paid common share of the Company.\n \n\n\n Hayden Locke, President & CEO, commented:\n \n\n\n\n “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 advisors, for their extremely efficient delivery of the workstreams required to get us here. 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.\n \n\n\n\n “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. Access to a broad pool of capital to support our development objectives, therefore, becomes ever more critical.\n \n\n\n\n “In addition, we will continue to pursue our parallel value creation strategy, with an aggressive exploration program across Sierra de Medina and at the Marimaca Oxide Deposit Sulphide Target, to continue to underpin our growth ambitions, and provide value catalysts to our investors over the course of 2025, as we seek to become a new, and globally significant, source of copper supply in the near term.”\n \n\n\n\n About Marimaca Copper Corp.\n \n\n\n Marimaca is a copper exploration and development company focused on its 100%-owned flagship Marimaca Copper Project and surrounding exploration properties located in...