Los Pelambres mine

Marimaca Announces Closing of C$20 million Strategic Investment by Mitsubishi Corp.

Retrieved on:

Wednesday, July 12, 2023

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VANCOUVER, British Columbia, July 12, 2023 (GLOBE NEWSWIRE) -- Marimaca Copper Corp. (“Marimaca Copper”, “Marimaca” or the “Company”) (TSX: MARI) is pleased to announce the closing of the previously announced C$20 million equity investment by Mitsubishi Corporation (“Mitsubishi”) by way of non-brokered private placement (the “Strategic Investment”).

Key Points:

VANCOUVER, British Columbia, July 12, 2023 (GLOBE NEWSWIRE) -- Marimaca Copper Corp. (“Marimaca Copper”, “Marimaca” or the “Company”) (TSX: MARI) is pleased to announce the closing of the previously announced C$20 million equity investment by Mitsubishi Corporation (“Mitsubishi”) by way of non-brokered private placement (the “Strategic Investment”).
Proceeds from the Strategic Investment will be used to advance and accelerate the development of the Company’s flagship Marimaca Copper Project located in the Antofagasta region, Chile.
Pursuant to the Strategic Investment, Mitsubishi acquired an aggregate of 4,640,371 units (“Units”) consisting of one common share (a “Common Share”) and one Common Share purchase warrant (a “Warrant”) at a price of C$4.31 per Unit.
As a result of the Strategic Investment, Mitsubishi now owns approximately 5.0% of Marimaca’s issued and outstanding common shares on a non-diluted basis.

Marimaca Announces C$20 Million Strategic Investment from Mitsubishi Corporation

Retrieved on:

Wednesday, June 21, 2023

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VANCOUVER, British Columbia, June 21, 2023 (GLOBE NEWSWIRE) -- Marimaca Copper Corp. (“Marimaca Copper”, “Marimaca” or the “Company”) (TSX: MARI) is pleased to announce a C$20 million equity investment by Mitsubishi Corporation (“Mitsubishi”) by way of non-brokered private placement (the “Strategic Investment”).

Key Points:

VANCOUVER, British Columbia, June 21, 2023 (GLOBE NEWSWIRE) -- Marimaca Copper Corp. (“Marimaca Copper”, “Marimaca” or the “Company”) (TSX: MARI) is pleased to announce a C$20 million equity investment by Mitsubishi Corporation (“Mitsubishi”) by way of non-brokered private placement (the “Strategic Investment”).
Proceeds from the Strategic Investment will be used to advance and accelerate the development of the Company’s flagship Marimaca Copper Project located in the Antofagasta region, Chile.
Following completion of the Strategic Investment, Mitsubishi will own approximately 5.0% of Marimaca’s issued and outstanding common shares on a non-diluted basis.
Hayden Locke, President & CEO of Marimaca Copper, commented:
“We are pleased to welcome Mitsubishi Corporation as a partner and shareholder in Marimaca.

Aldebaran Announces Closing of Strategic Investment by South32

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Friday, August 12, 2022

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VANCOUVER, British Columbia, Aug. 12, 2022 (GLOBE NEWSWIRE) -- Aldebaran Resources Inc. (“Aldebaran” or the “Company”) (TSX-V: ALDE, OTCQX: ADBRF), is pleased to announce it has completed its previously announced non-brokered, $14.43 million private placement, led by a strategic investment from a wholly-owned subsidiary of South32 Limited (“South32”) (see news releases dated July 20, 2022 and August 5, 2022).

Key Points:

South32 acquired 13,700,000 common shares (the Common Shares) at a price of $0.78 per Common Share for total proceeds of $10,686,000.
Route One Investment Company LLC, Aldebarans largest shareholder, partially exercised its participation right and acquired 4,800,000 Common Shares at a price of $0.78 per Common Share for total proceeds of $3,744,000.
Aldebaran intends to use the funds to advance the Altar copper-gold project located in San Juan, Argentina, and for general corporate purposes.
Aldebaran has the right to earn up to an 80% interest in the Altar copper-gold project in San Juan Province, Argentina from Sibanye Stillwater Limited.

Aldebaran Announces Upsizing of Private Placement to $14.43 Million

Retrieved on:

Friday, August 5, 2022

VANCOUVER, British Columbia, Aug. 05, 2022 (GLOBE NEWSWIRE) -- Aldebaran Resources Inc. (“Aldebaran” or the “Company”) (TSX-V: ALDE, OTCQX: ADBRF), is pleased to announce that its non-brokered private placement (the “Private Placement”), previously announced on July 20, 2022, has been upsized to 18,500,000 common shares (the “Common Shares”) at a price of $0.78 per Common Share for total gross proceeds of $14,430,000.

Key Points:

With the upsizing of the Private Placement, South32 has agreed to increase its share purchase to 13,700,000 Common Shares at a price of $0.78 for total proceeds of $10,686,000.
Upon closing the Private Placement, South32 will own approximately 9.9%, Route One will own approximately 44%, and Sibanye-Stillwater will own approximately 17.6% of the Company on a non-diluted basis.
The Company will use the proceeds of the Private Placement to fund exploration activities at Altar.
The Company will not file a material change report more than twenty-one (21) days before the expected closing date of the Private Placement, as the details of the Private Placement were not finalized until August 5, 2022, and the Company wishes to close the Private Placement as soon as practicable.

Aldebaran Engages Investor Relations Consultant

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Friday, July 22, 2022

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VANCOUVER, British Columbia, July 22, 2022 (GLOBE NEWSWIRE) -- Aldebaran Resources Inc. ("Aldebaran" or the "Company", TSX-V: ALDE, OTCQX: ADBRF) is pleased to announce that Ben Cherrington has joined the Company as Manager, Investor Relations.

Key Points:

VANCOUVER, British Columbia, July 22, 2022 (GLOBE NEWSWIRE) -- Aldebaran Resources Inc. ("Aldebaran" or the "Company", TSX-V: ALDE, OTCQX: ADBRF) is pleased to announce that Ben Cherrington has joined the Company as Manager, Investor Relations.
Mr. Cherrington will be paid US$4,000 on a monthly basis pursuant to the terms of a consulting agreement (the Agreement).
The Company has been advised that Mr. Cherrington does not own any shares of Aldebaran.
Aldebaran has the right to earn up to an 80% interest in the Altar copper-gold project in San Juan Province, Argentina from Sibanye Stillwater Limited.

Aldebaran Announces C$10.3 Million Strategic Investment by South32

Retrieved on:

Wednesday, July 20, 2022

VANCOUVER, British Columbia, July 20, 2022 (GLOBE NEWSWIRE) -- Aldebaran Resources Inc. (“Aldebaran” or the “Company”) (TSX-V: ALDE, OTCQX: ADBRF), is pleased to announce a C$10,296,000 non-brokered private placement (“Private Placement”) by a wholly-owned subsidiary of South32 Limited (“South32”), to advance the Company’s Altar copper-gold project in San Juan, Argentina.

Key Points:

Upon closing of the Private Placement, South32 will own approximately 9.9% of Aldebarans issued and outstanding common shares on a non-diluted basis
The Company will use the proceeds of the strategic investment to fund exploration activities at Altar.
John Black, CEO of Aldebaran commented as follows: We are pleased to welcome South32 as a strategic investor in the Company.
The investment by South32, a diversified mining and metals company with operations and projects across the globe, is a strong endorsement of the Altar project.
In connection with its investment, South32 will be granted certain participation and top-up rights, allowing South32 to maintain its equity interest so long as it maintains said interest at or above 9%.

Aldebaran Announces Exercise of Warrants by Sibanye-Stillwater

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Tuesday, June 7, 2022

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The warrants have an expiry date of September 15, 2022 and a strike price of $0.70.

Key Points:

The warrants have an expiry date of September 15, 2022 and a strike price of $0.70.
Aldebaran acquired the Rio Grande copper-gold project located in Salta Province, Argentina from Regulus along with several other early-stage projects in Argentina.
Aldebaran also has the right to earn up to an 80% interest in the Altar copper-gold project in San Juan Province, Argentina from Sibanye Stillwater Limited.
Although Aldebaran believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct.

Aldebaran Options El Camino II Claim

Retrieved on:

Friday, May 27, 2022

Upon completing the cash payments, NOA will grant Aldebaran a 1% NSR over all precious and base metals on the El Camino II claim: and

Key Points:

Upon completing the cash payments, NOA will grant Aldebaran a 1% NSR over all precious and base metals on the El Camino II claim: and
If NOA includes the El Camino II claim in a feasibility study (either by itself or incorporating nearby claims) resulting in a construction decision, NOA will make a US$1,000,000 payment to Aldebaran.
The El Camino II claim is a part of the El Camino property (see Figure 1) which consists of two claims covering 4,110 hectares and is located 380 km northwest of the City of Salta, Salta Province, northwest Argentina.
The El Camino claim (northern claim of the El Camino property) is excluded from the agreement with NOA.
All the known precious and base mineralization on the property occurs on the El Camino claim, which Aldebaran has retained.

Aldebaran Reports Additional Drill Results from the Altar Copper-Gold Project and Announces Exercise of Warrants by Route One and Senior Management

Retrieved on:

Wednesday, May 11, 2022

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The Company is currently drilling with four diamond drill rigs on the Altar project with a fifth rotary rig drilling water monitoring wells to support hydrological baseline studies.

Key Points:

The Company is currently drilling with four diamond drill rigs on the Altar project with a fifth rotary rig drilling water monitoring wells to support hydrological baseline studies.
As a result, it is expected the Company will complete fewer drill holes than originally anticipated for this field season.
Three rigs are currently at the QDM/Radio area, while the other is currently drilling between Altar Central and Altar East.
Holes QDM-22-047, QDM-22-048 and QDM-22-050 were abandoned at 172 m, 165.5 m and 306.1 m respectively, due to operator issues.

Aldebaran Intercepts 14.9 m of 19.08 g/t Au in Discovery of New High-grade Gold Zone at the Altar Copper-Gold Project, San Juan, Argentina

Retrieved on:

Thursday, February 24, 2022

Aldebaran acquired the Rio Grande copper-gold project located in Salta Province, Argentina from Regulus along with several other early-stage projects in Argentina.

Key Points:

Aldebaran acquired the Rio Grande copper-gold project located in Salta Province, Argentina from Regulus along with several other early-stage projects in Argentina.
Aldebaran also has the right to earn up to an 80% interest in the Altar copper-gold project in San Juan Province, Argentina from Sibanye Stillwater Limited.
Altar forms part of a cluster of world-class porphyry copper deposits which includes Los Pelambres (Antofagasta Minerals), El Pachn (Glencore), and Los Azules (McEwen Copper).
Aldebarans primary focus is the Altar project with a view to discovering new zones with higher-grade mineralization.