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Marimaca Copper Announces Closing of Second Tranche of US$17.7 Million Non-Brokered Private Placement

Not for distribution to U.S. newswire services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. securities law.

VANCOUVER, British Columbia, June 13, 2025 (GLOBE NEWSWIRE) -- Marimaca Copper Corp. ("Marimaca" or the "Company") (TSX: MARI) (ASX: MC2) is pleased to announce that it has closed the second tranche of its previously announced non-brokered private placement (the "Private Placement") for aggregate gross proceeds of approximately US$17,700,000 or approximately C$24,433,000.  

Under the second tranche of the Private Placement, the Company issued an aggregate of 811,416 common shares of the Company ("Shares") at a price of C$4.60 per Share, to funds managed by a new institutional investor (the "Additional Investor").

An aggregate of 5,311,416 Shares were issued under the first and second tranche of the Private Placement.

The net proceeds from the Private Placement will be used for exploration, to advance the Company's flagship Marimaca Copper Project located in the Antofagasta Region of northern Chile and for general corporate purposes.

The Shares issued pursuant to the Private Placement are subject to a statutory hold period of four months and one day in accordance with applicable Canadian securities laws and are being issued pursuant to the ASX Listing Rule 10.11 waiver granted to Marimaca at the time of admission.

The securities offered have not been, nor will they be, registered under the United States Securities Act of 1933, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This news release shall not constitute ...