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TORONTO, June 24, 2024 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (TSX:MUX) announces a nonbrokered private placement financing of up to 2,333,333 common shares of its wholly-owned subsidiary McEwen Copper Inc. at a subscription price of US$30.00 per common share, for gross proceeds of up to US$70 million (the "Offering"). McEwen Copper currently has 30,937,615 common shares outstanding (basic and diluted). This Offering will be used to advance work on a bankable feasibility study for the Los Azules copper proj ...

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 ...

TNR Gold Corp (TSX-V:TNR, OTC:TRRXF) executive chairman, Kirill Klip, shared promising updates on the Los Azules project in Argentina with Proactive in a recent interview. These developments could suggest significant growth opportunities for TNR Gold Corp (TSX-V:TNR, OTC:TRRXF). Here's what Klip had to say about the new developments in Argentina. TNR Gold holds a 0.4% net smelter returns royalty on this project, which has shown promising assay results from the recent 70,000-meter drilling season. Proactive: ...

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 ...