McEwen Mining Inc (MUX)

[JD400]

Carmaker Investment Gives McEwen Copper More Time to Go Public
McEwen now expects to hold IPO for copper unit in second half
IPO would take parent company’s holding below 50% threshold

$MUX

ByJames Attwood
February 28, 2023, 6:50 AM MST

Investments by European automaker Stellantis NV and mining giant Rio Tinto Group are giving Rob McEwen’s copper venture more breathing space before going public.

The Canadian entrepreneur now expects to hold an initial public offering for his namesake copper unit in the second half of the year instead of the first half. That’s after Stellantis and a Rio unit each took a 14.2% stake in McEwen Copper, providing enough funding for its Argentine project until next year.

https://www.bloomberg.com/news/articles/2023-02-28/carmaker-investment-gives-mcewen-copper-more-time-to-go-public