Marimaca Copper Corp. (“Marimaca Copper” or the “Company”) (TSX: MARI) is pleased to announce that it has entered into a water option agreement to secure the future water supply required for the Marimaca Copper Project (the “Project”) in Chile. Under the agreement, seawater would be supplied following its use in cooling systems at an electricity plant in Mejillones, located 25km from the Project and operated by one of Chile’s largest energy suppliers. The option has a term of 5 years, with the ability to extend for 2 years, and will allow the Company to advance final Project permitting and technical studies, including water pipeline studies that are already underway.
The window of opportunity to address increasing drought and expanding drylands is vanishing
Chile, Argentina and the American West are in the midst of a decade-long, megadrought – the driest conditions those regions have seen in a century. And many areas in Western Canada and the United States are experiencing extreme drought – a once in 20-year event. Drought makes agriculture less productive, reduces crop yields and increases heat-related deaths. It adds to conflict and migration, as marginalized people are dispossessed of their land. In short, it leaves people more vulnerable.