McEwen Mining Inc (MUX)

[JD400]

$MUX McEwen Mining's Copper Spin Out Excites The Market (TSX:MUX)

Mining Network:
LinkedIn: https://www.linkedin.com/company/mini...
Twitter: https://twitter.com/MiningNetwork_
Website: https://miningnetwork.co.uk/

McEwen Copper
Los Azules in the world’s top 10 undeveloped copper deposits
McEwen Copper Moving to Advance the Los Azules Project
- Funding privately to upgrade from PEA to updated PEA, to FS
- $82 M raised - $40 M Rob McEwen, $25 M Rio Tinto investment through Nuton
- 2022: 2nd access road established, 53 km drilling program
- 2023: updated Preliminary Economic Assessment Q1, IPO H1
- 2024: Feasibility Study

McEwen Mining - Improving Performance
Improving Balance Sheet: Jun 30 - $48 M cash & cash equiv.
Implementing Operational Efficiencies
Organic Growth - exploration extending life of mines:
- Fox Complex expansion PEA Jan 2022 – higher production, longer life
- Gold Bar South – permitting received Apr 2022, production H2 2022
Silver Assets in Mexico and Argentina
- Production & exploration @ San José, feasibility study @ Fenix
2022E Production Guidance3:
- 153 K GEO 118 Koz Au & 2.5 Moz Ag to 172 K GEO - 133 Koz Au & 2.8 Moz Ag
- Costs decreasing to $1,060-$1,140 cash costs & $1,170-$1,260 AISC in Q4

[JD400]

'Will' I think thats called the "MUX Blues"

Right when I thought the SP was going to soar over the Rio Tinto news

The price gets smashed. At this rate Longs might have to wait till the Feds Pivots for any mining stock to start going up again not just MUX.

Until then Day and Swing trading strike up the band.

Until . . . .

[ironwill23]

Almost 2K in the red with this POS now!!

[ironwill23]

And this so called ‘winner’ follows the DOW once again!!!!!!!

[JD400]

Moody’s downgrades mining sector outlook to negative

Cecilia Jamasmie | September 22, 2022 | 9:43 am Intelligence News Asia Australia Canada Europe Latin America USA Aluminum Copper Gold Nickel

Moody’s downgrades mining sector outlook to negative
Reduced demand for metals and mining commodities will impact companies’ earnings.

Credit rating firm Moody’s Investors Service said on Thursday it had changed its outlook for the global metals and mining Industry from stable to negative as a global economic slowdown continues to soften demand.

The downturn is affecting prices, which consequently reflects a decreasing profitability for the largest Moody’s-rated companies in the industry during the upcoming 12 months, the firm said.

“[EBITDA and prices] will remain higher than in pre-pandemic years but below the record-high levels seen in early 2022,” says Moody’s senior vice president Barbara Mattos.

Earnings before interest, taxes, depreciation, and amortization (EBITDA) will significantly decline for producers of base metals, including copper, nickel, aluminum and zinc, Moody’s financial research experts said.

Moody’s downgrades mining sector outlook to negative

Moody’s expects copper miners to face EBITDA declines due to lower production volumes
in certain regions, higher input costs and lower prices. At the same time, low inventory levels and supply challenges in main copper-producing regions such as Chile and Peru will limit copper-price declines, it says.

Aluminum producers re expected to be the worst hit as prices for the have fallen drastically from recent record highs, while energy and key raw material costs remain high, particularly in Europe. This combination will reduce companies’ margins and earnings, Moody’s says.

While gold is often seen as a hedge against inflation, the agency notes that prices for both the yellow metal and silver are declining due to higher interest rates and a stronger US dollar. Unlike other metals, market sentiment rather than fundamentals such as supply and demand, influences pricing in this industry, which will negatively affect precious metals miners’ EBITDA.

Today’s report follows one Moody’s published in early September, which lowered its 12-month price assumptions for certain metals and mining commodities.
https://www.mining.com/moodys-downgrades-mining-sector-outlook-to-negative/

J:D Doesn't like the call

Image by https://jessescrossroadscafe.blogspot.com/

[JD400]

After Hours Hero 3.34 -3.54..........Running....

Watching for low buying opps tomorrow

Go $MUX.......
.........Go Green.........
Go McEwen Copper......

J:D

[JD400]

$MUX This critical commodity has more than 100% upside, will be crucial for society - Rob McEwen

Sep 20, 2022

Kitco NEWS
497K subscribers
Rob McEwen, Chairman of McEwen Mining, discusses the future of his company, as well as the outlook on the economy and copper with David Lin, Anchor of Kitco News, at the Precious Metals Summit in Beaver Creek.

Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV)
Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)
Follow McEwen Mining on Twitter: @McEwenMining (https://twitter.com/McEwenMining)

0:00 - Inflation and the Fed
4:30 - Gold and purchasing power
6:35 - Crypto
10:23 - McEwen Mining
18:11 - Copper
26:11 - McEwen's legacy and advice

[JD400]

$MUX CEO.CA Presents Precious Metals Summit Beaver Creek 2022 - McEwen Mining

Sep 19, 2022

McEwen Mining

CEO.CA Presents Precious Metals Summit Beaver Creek 2022McEwen Mining interview with Rob McEwen, Chairman & Chief Owner, Stefan Spears, VP of Corporate Development and Michael Meding, VP & GM of McEwen Copper

0:16 Strategies to improve the cost performance of your active gold properties
1:21 How are McEwen and Rio Tinto using Nuton to get the Los Azules copper project off the ground?
2:40 Tell us about the spin-out of McEwen Copper
3:15 How are you changing the narrative around the assets
7:15 Tell us about the Elder Creek copper projects
8:23 What else should investors know about McEwen Mining

https://www.youtube.com/watch?v=LLThAkGC-6k

[JD400]

$MUX Los Azules advances on it’s its path to feasibility.

We are currently opening up our roads and camps for an early start into the field season, with significant work ahead from October to June.

We plan to execute an ambitious drilling campaign to increase geologic certainty on our resources, as well as to increase geotechnical, geohydrological and hydrological knowledge on this top 10 worldwide copper project by resource according to Mining Intelligence.

While there has been significant snow this year, which is good for San Juan, our crew is quickly moving to make way for our catering and camp service provider and for the first drill rigs to arrive at the site beginning of October as planned.

Snow pic
Michael Meding Vice President Copper Linkedin page

[JD400]

Testing the waters . . . . .

ahh Monday my favorite day of the week. Hehe

If you were long on gold and mining stocks this past year. Your probably down around 25%.

If you played the dips you probably are up or at least breaking even.







Pre market futures

Heading to pan sell off

https://finviz.com/futures.ashx

[JD400]

FOMC Preview: 75bp Hike

by Calculated Risk on 9/18/2022 09:37:00 AM

Expectations are the FOMC will announce a 75bp rate increase in the federal funds rate at the meeting this week, although some analysts think a 100bp rate increase is possible.

https://www.calculatedriskblog.com/2022/09/fomc-preview-75bp-hike.html

Hoping most of us are in dry powder hold.

Wild week ahead

[JD400]

Going to be a Wild Week for $MUX

The machines might ramp the SP Monday or Tuesday only to scalp it on Wednesday FOMC day.

Profit is a no-brainer for this Wild Thing

Go $MUX.......
..........Go Green........
Go McEwen Copper.....

J:D

[JD400]

Thanks tred I'm sure the majors tried to steal L.A. with stupid low purchase bids the last couple of years.. But Rob held his ground.

I see all the miners turned on like a switch in the last couple of hours.

Not bad considering today is stock option expiration and re-balancing.

Whats the rush

...you got that right tred.

After the recession (Which has barely even started) When the Feds reverses their stance stocks will go up again. Whats that the end of 2023 if were lucky.

Possible dip buy future dates to note:

9/19/20/2022 (Watch for new lows)

10/31/2022 (Perfect set up for Halloween market crash)

12/13/2022 Who Knows

Meeting calendars, statements, and minutes (2017-2022)
https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm

[tredenwater2]

Very impressive zoom interviews JD! Thank you for sharing. Looks like Rob is starting to break in and ride our Copper Unicorn pretty well. MUX very undervalued here.

[JD400]

$MUX Investing News Network's Charlotte McLeod interview with Robert McEwen: Gold for Wealth, Copper for Electrification - How to Position Right Now

Sep 14, 2022

After a slow summer, where should resource investors be positioning right now? Rob McEwen, Chairman and Chief Owner of McEwen Mining, reiterates his positive stance on gold and copper, two metals where $MUX has strong exposure.

0:31 - Raising money in a tough market
3:49 - Positioning for a copper market deficit
7:16 - How will copper do in a recession?
9:46 - Gold still key as rates an inflation rise
14:37 - Impact of inflation on mining industry
16:31 - McEwen Mining's exploration plans
18:10 - Valuing the Los Azules project

https://lnkd.in/gVgzPVuK

[JD400]

$MUX Presenting at Beaver Creek Precious Metals event.

https://www.gowebcasting.com/events/precious-metals-summit-conferences-llc/2022/09/14/mcewen-mining-mcewen-copper/play/stream/34755

[tredenwater2]

Wheels coming off the bus? Its been such a long ricky ticky beatdown for ever whats the rush? Hopefully Rio Tonto bravo doesnt start handing out subtle marching orders. Maybe Rob should pull in another “major” and let them duke it out for our copper play.

[JD400]

$MUX AH 3.83 +30 (8.50%) Thats Wild !!!!!

Someone just knocked the cover off the ball....Mercy

Go $MUX.......
.......Go Green......
Go McEwen Copper.....

J:D ]

[JD400]

I detect LOVE <3 .....<3........<3

Looking for 10-baggers? Check Out This Investment Sector

Go $MUX.......
.......Go Green...........
.Go McEwen Copper.......

J:D

[JD400]

Well old mavericks 2.81/3.91 swing players registered

their first buck yesterday. Bet you haven't seen that in a while.

Some tricky curves going on that's for sure

[wshaw14]

"$1.00/10.00 post split...or more...we're under water! We have a loooonngg way to go! " I do agree

[gandalf48ct]

I have to agree...nice to see some upward momentum....BUT.....37 pre-split is about 33% of where we need to be to break even....(if you've been around for any length of time).. for many here...if we're not @ $1.00/10.00 post split...or more...we're under water! We have a loooonngg way to go!

[gandalf48ct]

I have to agree...nice to see some upward momentum....BUT.....37 pre-split is about 33% of where we need to be to break even....(if you've been around for any length of time).. for many here...if we're not @ $1.00/10.00 post split...or more...we're under water! We have a loooonngg way to go!

[wshaw14]

It is nice to see MUX with upward momentum again.

[tredenwater2]

I would think Rob would court one major at a time but you think BBP might come into play as well? I know everything is “for sale” but just questioning how the metal players may square off against each other over our copper play.

[JD400]

"Booya tred" To sweeten the deal throw in_BHP whose looking at Los Azules too I imagine.

What in the world is going on with these majors.and copper right now.

Australian mining is going nuts oh over copper

BHP maintaining its focus on copper

According to Henry, the biggest one is engaging in an accelerated effort to determine how the company can unlock more copper units “economically faster”.

“That’s going the lever that’s most within our control,” he said.

Henry also pointed to BHP’s strategy to gain “early-stage entry” on promising projects –

“getting on the ground floor with big resources” that have been discovered but not yet developed.

“So we have all these levers that we’re able to pull before we get to mergers and acquisitions (M&As),” Henry said.

https://www.australianmining.com.au/news/bhp-maintaining-its-focus-on-copper/

It's getting wild for $MUX

[tredenwater2]

So we may watch small Hedge funds buy up “lots” of Mux shares slowly for Rio Tinto and then see a “buyout” announcement come out of know where next year? At least Rob is seasoned and wont let it go for pennies on the dollar like most deals do from lack of financial liquidity.

IF, I his happens as shareholders we would get a piece of the pie in McEwin Copper which we could roll right back into McEwin mining, right? Kind of like a dividend.

The other scenario is that Rob just keeps it and collects a royalty or smelter % every year or was creating a second company more of a “for sale” set up?

Cheers

[JD400]

MUX Probably found the buyer for Los Azules

The more I research Rio Tinto the more I see the need this company has for copper.

They can't get enough of it.

They see the future demand for copper. Los Azules has yet to drill at depth which most likely will expose even higher grades. Plus the gold and silver they find there will be free..Same with Nevada.Elder Creek.
https://www.mcewenmining.com/operations/los-azules/default.aspx

The longer they wait to buy McEwen Copper the more expensive it will get for them.

Here's the latest Rio news showing some of the troubles their having with their Mongolian mine and Turquoise Hill Resources.

Rio Tinto must face lawsuit in US over Mongolian mine cost overruns
Reuters
Updated 9:53 PM ET, Tue September 6, 2022

A US judge said Rio Tinto Plc must face an investor lawsuit accusing the Anglo-Australian mining giant of concealing delays and huge cost overruns at a Mongolian copper and gold mine owned by Turquoise Hill Resources Ltd, in which Rio Tinto has a majority stake.
In a 134-page decision made public on Tuesday, US District Judge Lewis Liman in Manhattan said funds advised by Pentwater Capital Management LP, Turquoise's largest minority shareholder with about a 10% stake, may pursue a proposed class action on behalf of Turquoise shareholders from July 2018 to July 2019.
The judge dismissed some claims against Rio Tinto and various executives, and all claims against Montreal-based Turquoise. His decision is dated Sept. 2.

Pentwater accused Rio Tinto and Turquoise of fraudulently assuring that the $5.3 billion Oyu Tolgoi mine was "on plan" and "on budget," even as it was falling up to 2-1/2 years behind schedule and coming in as much as $1.9 billion over budget.

Shareholders of Turquoise said their investments lost close to three-quarters of their value as the truth became known. The shareholders are seeking damages from Rio to recoup their losses.

In letting Chicago-based Pentwater seek to hold Rio Tinto liable for some of Turquoise's statements, Liman cited claims that the companies had an "extraordinarily close relationship," and that Rio Tinto had "near total control" over the mine.
"Plaintiffs do sufficiently allege that Rio knew of delays or cost overruns shortly before the class period and, instead of trying to fix them or disclose them to investors, attempted to silence those who spoke out about them," Liman wrote.
Rio Tinto said Pentwater's claims were unfounded and said it had consistently complied with its disclosure obligations.
"Pentwater's claims are completely without merit, and we are confident that, when all the facts are considered by the court, or if necessary by a jury, Pentwater's claims will be rejected," the miner said in a response to the court decision sent to Reuters.
Turquoise and its lawyers did not immediately respond to requests for comment. Pentwater's lawyer Salvatore Graziano declined to comment.
Earlier this month, Rio Tinto agreed to pay about $3.3 billion for the 49% of Turquoise it does not already own.
Turquoise owns 66% of the Oyu Tolgoi mine, and Mongolia owns the rest.

In January, Rio Tinto and Mongolia settled a long dispute over the mine's economic benefits, in an accord that waived $2.4 billion of debt owed by Mongolia's government.
The case is In re Turquoise Hill Resources Ltd Securities Litigation, US District Court, Southern District of New York, No. 20-08585.
https://www.cnn.com/2022/09/06/business/rio-tinto-lawsuit-mongolian-mine/index.html

[tredenwater2]

Looks like those examples make our copper companies mine even better. I know a little while back Rob talked about designing and building a very “green” mine infrastructure, state of the art I believe. What country wouldnt welcome that?

As Tone Loc would say…”lez doit”

[JD400]

The green energy boom has made these type of miners more attractive.

Fast track jurisdictions like Argentina is big plus for MUX.

Large copper deposits in the U S like the Resolution mine with a billion pounds of high grade has been in the permitting process for over 20 years.. Political narratives come into play world wide too. As with the case of RioTintos Phoenix gold project in Chile who got their permit pulled.

[tredenwater2]

Looks like the Rio Tinto deal was like sprayin W-D 40 on a sticky throttle, vrrooom vrooom! There thats better.

Darn those sticky throttles.

[JD400]

$MUX Shocking: Copper Worth More Than Gold Rob McEwen


SF Live

On this episode of #SFLive, we are catching up with Mining Legend Rob McEwen and Michael Meding, VP of McEwen Copper. Their copper subsidiary is now worth more than their gold production business. We discuss spin-out and IPO plans.

Guest: Rob McEwen, Chairman & Chief Owner // Michael Meding, VP McEwen Copper
Company: McEwen Mining Corp. (TSX: MUX)

[JD400]

$MUX McEwen Mining Rio Tinto invests in early stage copper project amidst next 'M&A cycle'

This showing today on MUX Linkedin page
4 hours ago

Rio Tinto invests in early stage copper project amidst next 'M&A cycle' - Naimul Karim, Financial Post

Rio Tinto can acquire 60 per cent of McEwen’s Elder Creek project in Nevada by investing US$18 million in the property over the next 7 years.

Stefan Spears, VP of Corporate Development at McEwen Mining Inc., explained that while McEwen Copper is currently focused on developing its Los Azules copper project in Argentina, the world’s eighth-largest undeveloped copper deposit, we are pleased to have Rio Tinto making a significant investment on the early stage Elder Creek project, in advancing the work for realizing its potential. Elder Creek is well placed in a gold-copper district known as the Battle Mountain-Eureka Trend, with indications of copper mineralization in some deep drill holes.

A recent Scotiabank report said that the current weakness in the market has opened the door for potential opportunistic bids by larger companies and that investors should understand how valuable these assets are in a decarbonizing world with excellent long-term demand drivers and few sources of obvious supply growth.

https://lnkd.in/ge3rAXAE

$MUX

https://financialpost.com/commodities/mining/rio-tinto-invests-in-early-stage-copper-project-amidst-next-ma-cycle

[JD400]

Rio Tinto’s Nuton to test leaching tech at McEwen Copper’s Los Azules project

Posted by Daniel Gleeson on 1st September 2022

McEwen Copper’s Los Azules project in Argentina looks like becoming the latest potential leaching asset put under the Nuton® Technologies microscope after the signing of a collaboration agreement between McEwen Copper and Nuton.

The agreement, tied to an oversubscribed $81.85 million offering of McEwen Copper shares, will see Nuton, a Rio Tinto Venture, test its technology for compatibility with Los Azules copper mineralisation.

Nuton, for its part, also contributed $25 million into the funds raised by McEwen Copper.

Rio Tinto’s copper leaching technology venture has been in the headlines of late, signing deals with, among other companies, Arizona Sonoran Copper Company Inc and Lion Copper and Gold, to test out its solutions.

Nuton is aimed at growing Rio Tinto’s copper business. At its core is a portfolio of proprietary copper leach related technologies and capability – a product of almost 30 years of research and development.

Rio says the Nuton technologies offer the potential to economically unlock known low-grade copper sulphide resources, copper bearing waste and tailings, and achieve higher copper recoveries on oxide and transitional material, allowing for a significantly increased copper production outcome, according to Rio. One of the key differentiators of Nuton is the potential to deliver leading environmental performance, including more efficient water usage, lower carbon emissions, and the ability to reclaim mine sites by reprocessing mine waste, Rio claims.

McEwen Copper and Nuton will jointly undertake copper leach testing using Nuton Technologies with samples from Los Azules. McEwen Copper has agreed to grant exclusivity to Nuton for one year in the area of novel, patented or trade secret leaching technology, while it will continue its independent test work and studies using conventional leach technologies.

McEwen Copper Chief Executive, Rob McEwen, said: “We recognise the potential opportunity of using Nuton Technologies to produce copper in greater amounts, more rapidly, and with less impact on the environment and water resources. I trust that our relationship with Nuton and Rio Tinto will accelerate the process of realising the enormous potential of Los Azules.”

Rio Tinto Chief Executive Copper, Bold Baatar said: “This agreement will allow us to evaluate the potential to commercially deploy Rio Tinto’s innovative Nuton Technologies for copper leaching in McEwen Copper’s planned development of Los Azules. Our Nuton Technologies have the capacity to unlock increased copper production for Rio Tinto and our partners, with a low carbon footprint and leading environmental performance.”

The next milestones at Los Azules are the upcoming drilling season from October 2022 to June 2023, the completion of an updated preliminary economic assessment early in the March quarter, and the planned initial public offering of McEwen Copper in the first half of 2023.

Los Azules’ current copper resources are estimated at 10.2 billion pounds (4.6 Mt) at a grade of 0.48% Cu (indicated category) and an additional 19.3 billion pounds (8.8 Mt) at a grade of 0.33% Cu (inferred category).
https://im-mining.com/2022/09/01/rio-tintos-nuton-to-test-leaching-tech-at-mcewen-coppers-los-azules-project/

Brave New World * Steve Miller Band. HQ

Go $MUX........
.......Go Green...........
Go McEwen Copper.....

J:D

[tredenwater2]

Weird coincidence on how that happens.

[tredenwater2]

Looks like one of the largest moves on relatively low volume….like someone just took their pinky finger off our jugular. Weird coincidence or not how that happens.

[JD400]

Thanks wshaw14 Chairman Rob McEwen on Gold & Copper.


Gold has been in the doldrums for a decade. Copper prices are down from the March highs of $4.73/pound. Will these commodities recover? Are McEwen Mining and McEwen Copper underpriced?

this video showing on Robs Linkedin page today

[wshaw14]

Thanks for the update.

[JD400]

Thanks tred, the Rio Tinto venture was probably the best news any mining company could get. That kind of catalyst drives massive constant news flows.

Like in three of four months Nuton might release new leaching experiments may lead to high copper recovery than previous thought.

Realistically tred I don't see this stock or any stock going up up and away right now.

The ones that have good cash flows and good catalysts will bounce along with all the others.

They have propped the market up for 14 Years

It's starting to finally correct . 2023 looks like a complete disaster.

We will see entire countries financially crash soon. Probably Germany next with it's energy crisis, than maybe Italy and so on.

I'm sticking with this $MUX gold mine.that for sure




images by https://jessescrossroadscafe.blogspot.com/

[tredenwater2]

Thanks JD. Seems like Rio Tinto was the first “big dog” to step up and do a joint venture. It gave the share price a small momentary incremental bump and life in the market then goes back to normal.

Listening to Rob recently discuss the value alone of our Copper Asset seems to be 180 degrees of what the market thinks. My question is now the Rio Tinto “blinked”, do we start to go up now or are we kept in a box until a buyout is accepted?

[JD400]

$MUX Continues to power through the rising U S dollar, The falling GDXJ and the Goldman selling that happening to all stocks this month with record breaking news flow this past week.


McEwen Mining Agrees to Terms for JV Option in Nevada With Rio Tinto Subsidiary
September 06 2022 - 06:51AM
Dow Jones News
Alert
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By Adriano Marchese



McEwen Mining Inc. said Tuesday that it has signed an option to become a majority joint-venture partner with mining major Rio Tinto PLC in Nevada.

The Canadian gold and silver producer said that it has entered into a binding term agreement with Rio Tinto's subsidiary, Kennecott Exploration Co., for an option to earn a 60% interest in the Elder Creek property.

To exercise the option, McEwen would have to pay $18 million, after which the two parties would form an unincorporated joint venture where McEwen would be the largest partner, and Kennecott would be the project operator.

Write to Adriano Marchese at [e-mail]

(END) Dow Jones Newswires

the flashbulbs are on you $MUX

Go $MUX.........
.....Go Green...............
Go McEwen Copper.........


J:D

[JD400]

MUX McEwen Copper Options Elder Creek Project to Rio Tinto
September 6, 2022

TORONTO, Sept. 06, 2022 (GLOBE NEWSWIRE) -- McEwen Copper Inc., a subsidiary of McEwen Mining Inc. (NYSE: MUX) (TSX: MUX), is pleased to announce that it has entered into a binding term sheet with Kennecott Exploration Company (“KEX”), a subsidiary of Rio Tinto, for an option to earn a 60% interest in and joint venture the Elder Creek property in Nevada (see Figure 1) by spending US$18 million.

The principal terms of the agreement are:

KEX will have the right to earn a 60% interest in Elder Creek by investing $18 million over a maximum of seven years (the “Expenditure Commitment”).
KEX will be the operator of the Elder Creek project during the term of the agreement.
Following completion of the Expenditure Commitment, KEX and McEwen Copper will form an unincorporated 60:40 joint venture.
Other customary representations, warranties and conditions.

Figure 1 – Elder Creek property location map

https://www.mcewenmining.com/investor-relations/press-releases/press-release-details/2022/McEwen-Copper-Options-Elder-Creek-Project-to-Rio-Tinto/default.aspx

[JD400]

No need to hide the I-box intro anymore

Our new IBox has literally every single thing you need to know about McEwen Mining with just one click.. Short and sweet .

I did try to save the self updating chart but being the chart was over 10 years old I lost it.

The Ibox will be changing in the near future as MUX introduces it's new subsidiary IPO
McEwen Copper

Comments and ideas feedback welcomed.

Thanks

J:D

[JD400]

$MUX McEwen Mining Discusses Portfolio Mines, McEwen Copper Spin-Out and the 2022 Natural Resources Cycle

Sep 2, 2022

Planet MicroCap

Planet MicroCap caught up with Robert McEwen, Executive Chairman & Chief Owner of McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) via Zoom to discuss

0:45 Quick Overview of McEwen Mining Inc.
1:42 Update since our last interview published on September 2, 2021: highlights and milestones achieved in the last 12 months - addressing operating difficulties, update on all portfolio mines
4:37 Rob McEwen's opinion on the current investor sentiment in Natural Resources
6:46 Near-term Value Catalysts

Planet MicroCap is a proud media sponsor for the upcoming Precious Metals Summit 2022 - Beaver Creek on September 13-16, 2022. For more information, please visit: https://www.precioussummit.com/event/...

https://www.youtube.com/watch?v=6v-vPi55fxQ

[JD400]

$MUX McEwen Mining (MUX.T and MUX.NYSE) - An Undervalued Investment In Gold And Copper

RocksAndStocksNews

McEwen Mining has a gold and copper play that is very undervalued. On the gold mining operations they are making big efforts to turn around the economics. In addition, they are spending plenty of money on gold exploration. At their projects in Timmins, I believe they could have a Red Lake style deposit below their current mine. Rob McEwen ran GoldCorp when it found the Red Lake mine and built it, he is no stranger to these kinds of extreme high-grade gold mines that are low cost operations.

At their copper asset, they have one of the top 10 undeveloped copper projects in the world. Which also falls in the bottom quartile of costs of production. Big and low cost copper assets are on the buying list of majors hungry for copper mines to meet the demands coming from the industrialized world, developing world and the electrical car revolution.

[JD400]

MUX Copper Michael Meding Vice President Copper · General Management & Executive Leadership · Strategy · Corporate Finance · CFO · Turnaround · Mergers & Acquisitions · BD&L · Operational Excellence · Passionate about People & Development. 3h •

3 hours ago
The social license to operate is the most important license for any mining company. It is an informal license that allows mining companies to operate in host countries and communities.

Government relations are a critical component of the license, and as such fluid and transparent relations are important.

In this context, we are happy to meet with the Governor of San Juan Uñac and his mining Minister Astudillo and Mining Council representative Marchese to brief on the current state of the project and its path forward.

Los Azules anunció una inversión de U$ 35 millones para exploración minera durante el 2022/23

Felicitaciones Michael! Éxitos!
Congratulations Michael! Successes!

Michael Meding Vice President Copper
Linkedin page
https://www.linkedin.com/feed/update/urn:li:activity:6971434504213123072/

Go $MUX.......
..............Go Green....
......Go McEwen Copper.....

J:D

[JD400]

McEwen lands Rio Tinto venture for Argentina-focused copper unit

$MUX

Bloomberg News | September 1, 2022 | 8:21 am Top Companies Latin America Copper


McEwen Mining’s Los Azules copper project in Argentina’s San Juan province. Credit: McEwen Mining

Canadian mining entrepreneur Rob McEwen landed a big fish for his new copper unit, with a Rio Tinto Group venture set to take an almost 10% stake for $25 million as major producers line up new deposits to meet demand growth.

Rio’s copper leaching technology venture, Nuton, snapped up most of the McEwen Copper Inc. shares in the final tranche of a private placement. Parent McEwen Mining Inc. rose after the announcement Wednesday but had given back most of the gains by 10 a.m. in New York on Thursday. The copper unit is set to go public next year.

The focus for Rio is McEwen’s Los Azules property in Argentina’s San Juan province, near the border with Chile. In connection with the offering, McEwen will look into using Nuton’s heap leach technology at Los Azules. Leaching can be cleaner and cheaper than conventional milling, and may help speed up development.

Los Azules is billed as one of the bigger undeveloped copper assets in the world at a time when the industry’s project pipeline is starting to run dry and demand for copper is about to expand in the move away from fossil fuels.

“I understand that Rio is using Nuton as a way of gaining property interest,” Rob McEwen said in an interview after the announcement. “They’re trying to use their technology to gain equity interest in properties that they find interesting.”

To be sure, the Argentine government’s protectionist bent and politically volatile past mean it’s still a tricky place to do business. But the government is now making efforts to develop more of its vast deposits of lithium and copper that are critical to the clean-energy transition.

Argentina’s tax system and capital and foreign exchange controls are “not optimal but they are talking like they want to move” in the direction of making changes, McEwen said.
https://www.mining.com/web/mcewen-lands-rio-tinto-venture-for-argentina-focused-copper-unit/

James Taylor - Copperline

[JD400]

Robert McEwen • 3rd+ Chief Owner at McEwen Mining Inc. 20h •
20 hours ago

Our subsidiary McEwen Copper closed the 3rd and final tranche of the previously announced offering of 8 million shares at US$10.00 per share, bringing the total raise of the private placement to an oversubscribed $81.85 million. The 3rd tranche includes a $25 million investment by Nuton, Rio Tinto’s copper leaching technology venture. McEwen Copper is well-funded to advance its Los Azules copper project.

Located in the mining friendly province of San Juan, Argentina, Los Azules is one of the world’s largest 10 undeveloped copper projects, as ranked by Mining Intelligence. Our successful drilling program will continue with a new season from October 2022 to June 2023. 2023 will bring the completion of an updated Preliminary Economic Assessment in early Q1, and the IPO of McEwen Copper in H1.

#mining #investment #technology #drilling #copper $MUX


Robs Linkedin page

[JD400]

$MUX The principal terms of the Nuton Collaboration Agreement include:

Nuton will invest $25 million in McEwen Copper, acquiring 2.5 million common shares at $10.00 per common share, for post-closing ownership of 9.73%.
McEwen Copper and Nuton will jointly undertake copper leach testing using Nuton Technologies with samples from Los Azules. McEwen Copper has agreed to grant exclusivity to Nuton for one year in the area of novel, patented or trade secret leaching technology, while it will continue its independent test work and studies using conventional leach technologies.
Nuton will have the right to select one nominee who will be appointed as a director or observer to the Board of McEwen Copper. This right will continue for as long as Nuton holds greater than 7.5% of the issued and outstanding shares of McEwen Copper.
McEwen Copper and its controlling shareholders will not complete a liquidity event (such as the planned IPO) until after March 31, 2023.
McEwen Copper has agreed to limit related party transactions in certain situations until the earlier of the planned IPO (or alternative liquidity event) or Nuton ceasing to hold 7.5%.
Customary standstill and lock-up agreement between the Investor and its affiliates and McEwen Copper and its affiliates.
Other customary representations and warranties.

About McEwen Copper
McEwen Copper Inc. holds 100% interest in the Los Azules copper project in San Juan, Argentina and the Elder Creek project in Nevada, USA. McEwen Mining Inc. (NYSE/TSX:MUX) owns a 68% share of McEwen Copper.

About Los Azules
Los Azules was ranked in the top 10 largest undeveloped copper deposits in the world by Mining Intelligence (2022). Its current copper resources are estimated at 10.2 billion pounds at a grade of 0.48% Cu (Indicated category) and an additional 19.3 billion pounds at a grade of 0.33% Cu (Inferred category).

About Nuton
Nuton is an innovative new venture that aims to help grow Rio Tinto’s copper business. At the core of Nuton is a portfolio of proprietary copper leach-related technologies and capability – a product of almost 30 years of research and development. Nuton® Technologies offer the potential to economically unlock copper sulphide resources, copper bearing waste and tailings, and achieve higher copper recoveries on oxide and transitional material, allowing for a significantly increased copper production. One of the key differentiators of Nuton is the potential to deliver leading environmental performance, including more efficient water usage, lower carbon emissions, and the ability to reclaim mine sites by reprocessing mine waste.

About Rio Tinto
Rio Tinto is the second largest mining and metals company in the world, operating in 35 countries, and producing the raw materials essential to human progress. It aims to help pioneer a more sustainable future, from partnering in the development of technology that can make the aluminum smelting process entirely free of direct greenhouse gas (GHG) emissions, to providing the world with the materials it needs – such as copper – to build a new low-carbon economy and products like electric vehicles, charging infrastructure and smartphones.

https://ih.advfn.com/stock-market/NYSE/mcewen-mining-MUX/stock-news/88957915/mcewen-copper-completes-oversubscribed-us-81-85-mi

[JD400]

IIROC Trade Resumption - MUX

Wed, August 31, 2022 at 11:34 AM·1 min read
In this article:

MUX
+4.70%

TORONTO, Aug. 31, 2022 /CNW/ - Trading resumes in:

Company: McEwen Mining Inc.

TSX Symbol: MUX

All Issues: Yes

Resumption (ET): 02:35 PM

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) - Halts/Resumptions
Cision
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View original content: http://www.newswire.ca/en/releases/archive/August2022/31/c4082.html