McEwen Copper gets $25M insider loan at 12%; executive RSU grants awarded

McEwen Inc.

McEwen Copper (46.4% owned by MUX) received $25M loan from Evanachan Ltd, an affiliate of Chairman Robert McEwen, at 12% annual interest.
Loan matures June 27, 2026; proceeds for working capital and feasibility study costs for Los Azules and Elder Creek copper projects.
McEwen Mining is not a guarantor; McEwen Copper prohibited from paying distributions until loan is repaid.
Executive officers granted RSUs: William Shaver 35,220, Perry Ing 14,220, Carmen Diges 10,110, vesting in three equal installments through June 29, 2026.
New forms of RSU and RSA agreements adopted under 2024 Equity and Incentive Plan.

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