Mitsubishi Bets on Marimaca as Emerging Copper Producer

Summary

Marimaca Copper Corp. is a Canadian exploration and development company focused on advancing its flagship Marimaca Copper Project located in Chile. The company recently announced a C$20 million strategic investment from Mitsubishi Corporation, a major global industrial company. This investment validates Marimaca's copper project and will help accelerate its development.

Marimaca has doubled its resource to over 200 million tons and is working to further optimize metallurgy to improve project economics. The company is also exploring new technologies that could be game-changing for the industry. Marimaca is now focused on completing permitting and a definitive feasibility study for the Marimaca Copper Project by mid-2023.

The Mitsubishi investment and partnership provides Marimaca with a strong platform to advance development and production. For investors, Marimaca offers an attractive entry point to a significant new copper project with strong economics and backing from a major global industrial company. 

Interview with Marimaca Copper

Risks & Opportunities

Risks

• Typical mining project risks around permitting, feasibility study results, and execution
• Copper price volatility could impact project economics
• Financing risks if capital markets tighten
• Execution risk on delivering the project on schedule and budget

Opportunities

• Significant copper resource of over 200 million tons established and still growing
• Strong demand outlook for copper positions Marimaca as a low-cost emerging producer
• Experienced management team with track record of successful project development
• Attractive entry point with substantial upside as Marimaca moves towards production

Marimaca is focused on completing permitting and a definitive feasibility study for the Marimaca Copper Project by mid-2023. As Marimaca works to bring the project into production over the next 2-3 years, investors have the potential to see significant value creation.

5 Takeaways for Investors

1. Significant copper resource of over 200 million tons established and still growing.
2. Strategic partnership and investment from Mitsubishi validates project economics and derisks development.
3. Focus on executing permitting, feasibility study on schedule for 2023-2024.
4. Strong demand outlook for copper positions Marimaca as a low-cost emerging producer.
5. Experienced management team with track record of successful project development.

Conclusion 

For investors seeking copper exposure and looking to get in early on an emerging production story, Marimaca represents an attractive investment opportunity with strong upside potential. The strategic partnership with Mitsubishi further validates the value proposition. Investors should keep a close eye on Marimaca's progress as it advances towards production.