McEwen Copper Taps Societe Generale for Los Azules Financing

McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) has taken a significant step forward for its Los Azules copper project in Argentina, announcing that its 46.3%-owned portfolio company, McEwen Copper, has appointed Societe Generale as sole financial advisor. The French bank will structure and arrange project debt financing for the construction of the copper project, which is expected to include a mix of export credit agency support, commercial bank debt, multilateral and development finance institution facilities, and potential capital markets instruments. This move signals growing confidence in the project's viability as it advances toward development.

McEwen Mining, led by Chairman and Chief Owner Rob McEwen, provides shareholders with exposure to a growing base of gold and silver production, along with a very large copper development project, all in the Americas. The company's gold and silver mines are located in prolific mineral-rich regions, including the Cortez Trend in Nevada, the Timmins district of Ontario, Flin Flon in Manitoba, and the Deseado Massif in Santa Cruz, Argentina. Additionally, McEwen is reactivating its gold-silver El Gallo Mine in Mexico. The Los Azules copper project, located in San Juan province, Argentina, is designed to be one of the world's first regenerative copper mines and aims to be carbon neutral by 2038. According to the last financing for McEwen Copper, the implied value of McEwen's ownership interest is US$456 million (US$7.67 per share).

McEwen also recently purchased 27.3% of Paragon Advanced Labs Inc., a company deploying PhotonAssay units globally, a technology poised to become a new industry standard for assaying precious and base metals. Rob McEwen has invested over US$250 million personally and takes a salary of $1 per year, aligning his interests with shareholders. He is a recipient of the Order of Canada, a member of the Canadian Mining Hall of Fame, and a winner of the EY Entrepreneur of the Year award. For the latest news and updates relating to MUX, visit the company's newsroom at https://ibn.fm/MUX. The full press release can be accessed at https://ibn.fm/OGhuV.