Lead orders to purchase 27% of the total Offering have been committed by McEwen Mining and Rob McEwen. McEwen Mining will purchase up to 466,667 common shares of McEwen Copper for US$14 million and Rob McEwen will purchase up to 166,666 common shares for US$5 million. Final investment amounts are subject to adjustment according to anti-dilution and pre-emptive rights on the part of other existing shareholders of McEwen Copper. Subscription for the remaining 1,700,000 common shares is available to qualified ...

Stock Ramp to Access Future Production Pre-construction activities have commenced at the portal with the removal of overburden. Underground development is expected to begin in Q3. The Stock Ramp will connect the West Zone and the East Zone to the existing historical underground workings of the Main Zone. Mining will start in the East Zone, with a recently increased resource, and provide early production and cash flow. Our plan for the Stock development is to concurrently drive the Stock Ramp to the East Zon ...

Part 1 (CEE) of the financing consists of a US$10.0 million (Cdn$13,650,890) offering of 643,000 flowthrough common shares at a price of US$15.56 (Cdn$21.23); and The Offering consisted of 1,533,000 flow-through common shares at a blended average price of $14.36 (Cdn$19.59), a 19% premium to the closing price on May 27th, for aggregate gross proceeds of US$22.0 million (Cdn$30.0 million). Total proceeds from the Offering net of placement agents' fees was approximately US$20.8 million (Cdn$28.5 million). Thi ...

TORONTO, June 14, 2024 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) ("McEwen") is pleased to report it has closed the previously announced public financing for US$22.0 million (Cdn$30.0 million) to fund ongoing exploration and development at the Fox Complex in the Timmins region of Ontario, primarily focused on exploration drilling and the development of an underground access ramp from surface to mine the gold resources of Stock East and West. This represents the next area of production gro ...

LOS ANGELES, June 13, 2024 (GLOBE NEWSWIRE) -- via IBN – IBN, a multifaceted communications organization engaged in connecting public companies to the investment community, is pleased to announce the release of the latest episode of The MiningNewsWire Podcast as part of its sustained effort to provide specialized content distribution via widespread syndication channels. The MiningNewsWire Podcast features revealing sit-downs with executives who are shaping the future of the global mining industry. The lates ...

Core Insights - TNR Gold Corp holds a 0.4% net smelter returns royalty on the Los Azules project in Argentina, which has shown promising assay results from a recent 70,000-meter drilling season [1][2] - Significant intervals of copper have been reported, including 349 meters of 0.77% copper and 382.5 meters of 0.54% copper, indicating potential for resource expansion [1][3] - The project is among the 10 largest copper projects globally, with over 11 billion pounds of indicated copper and over 28 billion pounds of inferred copper reported in a preliminary economic assessment [4] Company Developments - The company is working on a feasibility study expected to be released in the first quarter of next year, which could further enhance the project's value [4] - A new porphyry system has been identified nearby, suggesting the potential for another copper deposit within the Los Azules concession [5] - The estimated value of the royalty on Los Azules is over US$100 million, with TNR Gold's portion valued at over $30 million [6] Economic Potential - The project is projected to generate potential pre-tax revenue of $6 million per year from the royalty holding, with a mine life of 27 years producing over 180,000 tons of copper annually [6] - The ongoing developments and discoveries are expected to add significant value to TNR Gold Corp as a green energy metals royalty and gold company [5][6]

CANADIAN BASE SHELF PROSPECTUS IS ACCESSIBLE, AND PROSPECTUS SUPPLEMENT WILL BE ACCESSIBLE ON SEDAR+ WITHIN TWO BUSINESS DAYS TORONTO, May 28, 2024 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) ("McEwen") is pleased to announce it has priced a public financing to fund continued exploration and development at the Fox Complex in the Timmins region of Ontario, primarily focused on exploration drilling and the development of an underground access ramp from surface to mine the gold resources of Sto ...

CANADIAN BASE SHELF PROSPECTUS IS ACCESSIBLE, AND PROSPECTUS SUPPLEMENT WILL BE ACCESSIBLE ON SEDAR+ WITHIN TWO BUSINESS DAYS TORONTO, May 28, 2024 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) ("McEwen") is pleased to announce it has priced a public financing to fund continued exploration and development at the Fox Complex in the Timmins region of Ontario, primarily focused on exploration drilling and the development of an underground access ramp from surface to mine the gold resources of Sto ...

Geological interpretations suggest that Grey Fox sits stratigraphically above the mineralization of the Black Fox & Froome mines. Consequently, there is potential for deeper Black Fox & Froome style mineralization directly below some of the Grey Fox zones. Historical production from these two mines is more than 1,000,000 oz gold. Figure 1 shows the location of the Grey Fox zones relative to the Black Fox and Froome mines, on the same large property, separated by approximately 3 kilometers (1.9 miles). There ...

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