McEwen Copper announces $70M private placement to advance Los Azules copper project

McEwen Inc.

Non-brokered placement of up to 2,333,333 shares at US$30 each for gross proceeds up to US$70M.
Lead orders: McEwen Mining ($14M) and Rob McEwen ($5M) commit to 27% of total offering.
Proceeds will fund a bankable feasibility study for Los Azules copper project, due by Q1 2025.
Remaining ~$51M open to qualified accredited investors with a US$2M minimum investment.
Post-offering McEwen Mining ownership in McEwen Copper drops from 47.7% to 45.8%.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.