McEwen Mining Inc (MUX)

[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


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