McEwen Inc. (NYSE: MUX) (TSX: MUX) announced that its 46.3%-owned portfolio company, McEwen Copper, has appointed Societe Generale as sole financial advisor to structure and arrange project debt financing for construction of the Los Azules copper project in Argentina. The financing package 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 as the project advances toward development.
This appointment marks a significant step forward for the Los Azules project, which is designed to be one of the world's first regenerative copper mines and carbon neutral by 2038. The project's feasibility study results were announced in a press release dated October 7, 2025. McEwen Copper's ability to secure a major financial institution like Societe Generale underscores the project's viability and potential to attract substantial funding from diverse sources.
McEwen Inc. provides its shareholders with exposure to a growing base of gold and silver production in addition to the large copper development project, all in the Americas. The company has a 46.3% interest in McEwen Copper, which owns the large, long-life, advanced-stage Los Azules copper development project in San Juan province, Argentina – a region that hosts some of the country’s largest copper deposits. 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).
The appointment of Societe Generale is a critical milestone for McEwen Copper as it seeks to secure the necessary capital to move Los Azules into construction. The project's emphasis on regenerative mining practices and carbon neutrality aligns with growing investor demand for sustainable mining operations. This financing initiative could serve as a model for future mining projects seeking to balance environmental stewardship with economic development.
McEwen also recently purchased 27.3% of Paragon Advanced Labs Inc., a newly listed public company that is deploying PhotonAssay units around the world, a technology that the Company believes is poised to become the new industry standard for assaying precious and base metals. Chairman and Chief Owner 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 (Energy) award. His objective is to build MUX’s profitability, share value and ultimately implement a dividend policy, as he did while building Goldcorp Inc.
For more information on the full press release, visit https://ibn.fm/OGhuV. The latest news and updates relating to MUX are available in the company’s newsroom at https://ibn.fm/MUX.
