Argentina approves McEwen Copper's Los Azules for $2.672B RIGI investment plan

McEwen Inc.

Argentina's Large Investment Incentive Regime (RIGI) approves Los Azules, endorsing a $2.672 billion investment for exploration, construction, and operations.
RIGI provides 30-year legal, fiscal, and customs stability, including a reduced corporate tax rate of 25% and 50% reduction in dividend withholding tax.
Environmental Impact Declaration for construction approved Dec 2024; feasibility study on track for completion by end of October 2025.
McEwen Copper (46.4% owned by McEwen Inc.) projects over $30 billion in export revenues based on the June 2023 PEA base case.
Los Azules aims to be Argentina's first high-purity copper cathode producer, powered by 100% renewable electricity once operational.

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