Marimaca Copper Corp.

Marimaca Copper Corp. is a junior copper development company headquartered in Vancouver, Canada, operating primarily in South America. The company's portfolio consists of 1 development project. Key assets include Marimaca. The company is an exploration and development entity focused on advancing new mineral sources. Its business model centers on progressing a primary asset towards production through a definitive feasibility study and a comprehensive environmental permitting process. The operational plan for this asset envisions a conventional heap leach, solvent extraction, and electrowinning circuit designed to use seawater, which supports a profile as a potentially low capital cost, high-margin development. The enterprise's activities are structured to allow for all-season fieldwork, mitigating certain operational cycle risks. Specialized skills in geology, metallurgy, and project development are managed through a combination of an experienced internal team and specialized external consultants and contractors. The business competes with other entities for exploration properties, capital, and qualified personnel in a highly competitive industry.

Strategic priorities are centered on the systematic de-risking and advancement of the company's primary development asset, supported by the recent submission of a comprehensive environmental impact statement and an ongoing definitive feasibility study. A key growth initiative includes a proposed dual listing on the ASX to broaden market access and enhance liquidity. Capital strategy involves securing funding through targeted equity placements with strategic corporate investors, including Mitsubishi Corporation and Assore International Holdings Limited, and utilizing an at-the-market equity program. This approach funds ongoing development work and regional exploration programs aimed at expanding the resource potential. The company also employs structured option agreements with staged payments to acquire prospective ground, allowing for capital-efficient expansion of its land holdings while preserving treasury. The overarching goal is to transition from a developer to a producer by successfully navigating the final technical and permitting stages.

Executive leadership is spearheaded by a President and CEO with extensive experience in developing publicly listed mining companies on the LSE and ASX, complemented by a background in mining-focused investment banking and private equity. The board of directors provides strategic oversight through a robust committee structure, including an Audit and Risk Management Committee, a Mergers and Acquisitions Committee, a Compensation Committee, an Environmental, Social and Governance Committee, and a Technical Committee. Governance is further defined by a detailed Audit and Risk Management Committee charter, which mandates at least 4 meetings per year and outlines procedures for financial oversight and risk management. The board and senior management maintain continuous interaction, with all directors having direct operational site experience. The management team includes executives with substantial in-country experience in project development, corporate finance, and exploration, ensuring specialized skills are applied across all business functions.

The organization demonstrates a commitment to environmental stewardship through the submission of a comprehensive, 4,000-page Environmental Impact Statement to regulatory authorities, which includes extensive baseline data to support sustainable development. A key design feature of its primary development project is the planned use of seawater for all processing needs, minimizing the impact on local freshwater resources. The company's ESG performance is tracked and validated through independent annual assessments using the Digbee ESG framework, which has shown a progressive improvement in its overall score from BB in 2022 to an A rating in 2024. Stakeholder engagement is a core component of its process, with formal meetings and communication programs implemented to align with project milestones. The company also has a formal risk management framework that addresses environmental risks and compliance with evolving legislation.

The company operates through several wholly-owned subsidiaries, including MCAL, ICAL, and SCM NewCo, which hold its primary mineral concessions and conduct in-country operations. Its ownership structure includes significant strategic investors, with Greenstone holding a 25.27% interest, Assore International Holdings Limited holding approximately 14.99%, and Mitsubishi Corporation holding approximately 5.0%; these shareholders possess certain pre-emptive or participation rights in future equity financings. In 2024, the company entered into binding option agreements to acquire 100% of the Pampa Medina tenements from SCM Elenita and the Madrugador tenements from SLM Juanita and SLM Madrugador, both involving multi-year, staged payment structures. A 2022 transaction involved the sale of the non-core Rayrock assets to 5Q SpA, which has subsequently led to the company initiating liquidation proceedings against the buyer's holding entity due to non-payment. The company also holds a 25% interest in RSC, a joint venture with Greenstone.