IFC Supports McEwen Copper Through Key Collaboration Towards Sustainable Financing for Los Azules

Group 1 - The International Finance Corporation (IFC) and McEwen Copper Inc. have signed a collaboration agreement to align the Los Azules copper project with IFC's environmental, social, and governance (ESG) standards for potential future financing [1][4][5] - Los Azules is one of the largest undeveloped copper deposits globally, located in Argentina's San Juan province, with Environmental Impact Declaration (EIA) approval and a feasibility study expected to be completed by October 2025 [2][9] - The project aims to be Argentina's first regenerative copper mine, targeting carbon neutrality by 2038, and has an estimated after-tax NPV of $2.7 billion at $3.75/lb Cu, with a mine life of 27 years [7][9] Group 2 - The collaboration emphasizes integrating IFC's Performance Standards into the project's development to de-risk it and align with international investor criteria, promoting transparency and community benefits [3][4] - The World Bank Group supports Argentina's mining sector to unlock its potential sustainably, aiming to create jobs and enhance local economic development [4][6] - McEwen Copper aims to enhance the project's appeal to global investors through proactive ESG integration and a solid financing framework [5][9]