On July 16, 2024, Marimaca Copper Corp. secured a C$68 million equity investment from Assore International Holdings Limited (AIH) through a strategic transaction. AIH acquired 9,417,210 common shares from Tembo Capital for C$42.4 million and subscribed to 5,725,000 units in a private placement, raising an additional C$25.8 million. Each unit, priced at C$4.50, includes one common share and a half warrant, with each full warrant exercisable at C$5.85 for 18 months. This deal gives AIH a 14.99% ownership in Marimaca on a non-diluted basis and 18.07% on a partially diluted basis. An additional private placement with another investor raised C$4.5 million, totaling C$72.5 million in proceeds. The funds will be used to advance the Marimaca Copper Project in Chile's Antofagasta region and for regional exploration.