McEwen Copper Announces $70 Million Financing to Advance the Los Azules Copper Project

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 ...