While the company has ruled out an immediate need for an equity raise, one of the key motivations for seeking a listing in Australia is to tap into the institutional capital supporting ASX-listed entities.
Marimaca may be following in the footsteps of fellow Canadian miner Capstone Copper (TSX: CS) (ASX: CSC), which earlier this year successfully executed a dual listing. The strategic move allowed Capstone’s private equity backer, Orion, to offload A$593 million ($387m) through a block trade aimed at Australian investors.
The dual-listing move aligns with Marimaca’s efforts to advance a definitive feasibility study (DFS) for its flagship project — its namesake Marimaca copper asset in Chile’s Antofagasta region.
The project is hailed as one of the most significant copper oxide discoveries in Chile in the past decade, with the potential to become a low-capital-cost, high-margin operation, according to…
