{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-109426","form_type":"8-K","ticker":"MUX","cik":"0000314203","company_name":"McEwen Inc.","filed_at":"2023-10-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.616834+00:00","generated_at":"2026-06-09T23:40:30.056087+00:00","sec_items":["1.01","3.02","7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"McEwen Copper closes $120M Stellantis investment and $10M Nuton investment; implied valuation ~$800M","bullets":["Stellantis invested ARS 42B (~$120M USD) for 1.9M shares of McEwen Copper; closed Oct 10, 2023.","Nuton to invest $10M: private placement of 152,615 shares + secondary purchase of 232,000 shares from McEwen Mining.","McEwen Mining retains 47.7% ownership; Stellantis 19.4%, Nuton 14.5% on fully diluted basis.","Proceeds to advance Los Azules copper project in Argentina and for general corporate purposes.","IRA amended: carbon neutrality commitment not contingent on Stellantis ownership; CCCPRA provides minimum 10,000 t/yr copper cathode offtake."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-109426","json":"https://secwatch.observer/filing/0001104659-23-109426.json","markdown":"https://secwatch.observer/filing/0001104659-23-109426.md","text":"https://secwatch.observer/filing/0001104659-23-109426.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/314203/000110465923109426/0001104659-23-109426-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/314203/000110465923109426/tm2328271d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T23:40:30.056087+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"076b0178577a64f073ebf0bafc6a38a1e6862778","claim":"McEwen Inc. entered into Private Placement Subscription Agreement with Stellantis valued at $119,976,004.80 (gross proceeds) (effective 2023-10-10).","evidence_excerpt":"On October 11, 2023, and McEwen Copper Inc. “ McEwen Copper ”), a privately-held Alberta, Canada subsidiary of McEwen Mining Inc. (the “ Company ”), announced consummated agreements pursuant to which a single investor purchased 1,900,000 shares of McEwen Copper common stock from that entity for gross proceeds of ARS $42,000,000 ($119,976,004.80 at a deemed USD/ARS exchange rate of 350.07) (the “ Stellantis Private Placement ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/314203/000110465923109426/0001104659-23-109426-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Stellantis"},{"label":"Value","value":"$119,976,004.80 (gross proceeds)"},{"label":"Effective","value":"2023-10-10"}],"fact_type":"material_agreement"},{"claim_id":"20681bde9f1baf3d6630ed1e2131050452517597","claim":"McEwen Inc. entered into Nuton Secondary Transaction with Nuton LLC valued at Purchase of 232,000 shares from the Company (effective 2023-10-10).","evidence_excerpt":"Additionally, in a separate but related transaction Nuton has also agreed to purchase 232,000 shares of McEwen Copper common stock from the Company in a secondary sale (the “ Nuton Secondary Transaction ” and together with the Nuton Private Placement, the “ Nuton Transactions ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/314203/000110465923109426/0001104659-23-109426-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Nuton LLC"},{"label":"Value","value":"Purchase of 232,000 shares from the Company"},{"label":"Effective","value":"2023-10-10"}],"fact_type":"material_agreement"},{"claim_id":"354af6758d570023a7ecc4fd4f0da3685121bb4a","claim":"McEwen Inc. entered into Nuton Private Placement with Nuton LLC valued at $10 million for 152,615 shares (effective 2023-10-10).","evidence_excerpt":"On October 10, 2023, McEwen Copper entered into a binding agreement with Nuton LLC, a current shareholder of McEwen Copper and subsidiary of Rio Tinto (“ Nuton ”), pursuant to which Nuton agreed to invest $10 million to acquire 152,615 shares of McEwen Copper common stock from McEwen Copper (the “ Nuton Private Placement ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/314203/000110465923109426/0001104659-23-109426-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Nuton LLC"},{"label":"Value","value":"$10 million for 152,615 shares"},{"label":"Effective","value":"2023-10-10"}],"fact_type":"material_agreement"},{"claim_id":"612e5e3fe3b28439ad3db007561b079df3ea207b","claim":"McEwen Inc. amended Amendment No. 1 to Copper Cathodes and Concentrates Purchase Rights Agreement with Stellantis valued at Minimum 10,000 tonne per annum copper cathode offtake (effective 2023-10-10).","evidence_excerpt":"In connection with the Stellantis Private Placement, the McEwen Parties entered into Amendment No. 1, dated October 10, 2023 (the “ CCCPRA Amendment ”), to that certain Copper Cathodes and Concentrates Purchase Rights Agreement, dated February 24, 2023 (the “ CCCPRA ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/314203/000110465923109426/0001104659-23-109426-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Stellantis"},{"label":"Value","value":"Minimum 10,000 tonne per annum copper cathode offtake"},{"label":"Effective","value":"2023-10-10"}],"fact_type":"material_agreement"},{"claim_id":"a1fa013cf79649133a7bf65d64a705b1788bcdae","claim":"McEwen Inc. amended Amendment No. 2 to Investor Rights Agreement with Stellantis valued at Carbon Neutral Commitment by 2038 not contingent on minimum ownership (effective 2023-10-10).","evidence_excerpt":"In connection with the Stellantis Private Placement, the Company, McEwen Copper, Minera Andes Inc., a subsidiary of the Company, Robert McEwen (collectively, the Company, McEwen Copper, Minera Andes and Mr. McEwen are referred to as the “ McEwen Parties ”) and Stellantis agreed to Amendment No. 2, dated October 10, 2023 (the “ IRA Amendment ”), to that certain Investor Rights Agreement, dated February 24, 2023 (the “ IRA ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/314203/000110465923109426/0001104659-23-109426-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Stellantis"},{"label":"Value","value":"Carbon Neutral Commitment by 2038 not contingent on minimum ownership"},{"label":"Effective","value":"2023-10-10"}],"fact_type":"material_agreement"},{"claim_id":"b2f87dd21a1798f1413811887d2419b71b3c4dd4","claim":"McEwen Inc. amended Amendment No. 2 to Nuton Collaboration Agreement with Nuton LLC valued at Extended exclusivity over copper heap leach technologies until February 1, 2025 (effective 2023-10-10).","evidence_excerpt":"In connection with the Nuton Transactions, McEwen Copper and certain of its affiliates agreed to amend the Nuton Collaboration Agreement, dated August 30, 2022, as amended by Amendment No. 1 to the Nuton Collaboration Agreement, dated March 9, 2023, to extend the period of exclusivity over novel, trade secret or patented copper heap leach technologies until February 1, 2025.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/314203/000110465923109426/0001104659-23-109426-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"license"},{"label":"Counterparty","value":"Nuton LLC"},{"label":"Value","value":"Extended exclusivity over copper heap leach technologies until February 1, 2025"},{"label":"Effective","value":"2023-10-10"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}