04:47 PM EDT, 09/11/2025 (MT Newswires) -- Marimaca Copper ( MARIF ) , after trade Thursday, said it closed a brokered placement in Australia and select international markets excluding Canada.

The company issued 8.25 million Chess Depositary Interests (CDIs) at A$9.70 each, raising about A$80 million (or about C$72.1 million), according to the statement.

The funds will be used toward the Pampa Medina project, Marimaca sulfide target, Marimaca oxide deposit, and general corporate purposes, the company said.

CDI allotment is expected on Friday, Australian Eastern Standard Time, the company said, adding that the placement is still subject to final approval from the TSX.