McEwen Copper Inc., a subsidiary of McEwen Inc. (NYSE:MUX), has been approved to join Argentina's Large Investment Incentive Regime, promising a $2.672 billion investment in the Los Azules copper mining project.The project is expected to generate over $30 billion in export revenues, significantly boosting Argentina's economy through foreign currency inflow, employment, and local development.McEwen Inc. executed notable stock transactions on September 22, 2025, with key figures selling shares at approximatel ...

McEwen Copper said its Los Azules copper project in Argentina has been approved for inclusion in the Milei government’s strategic development initiative, allowing the company to advance its $2.67 billion development https://t.co/zt6k4c1xIo ...

Core Viewpoint - Kenadyr Metals Corp. has successfully closed the second tranche of a non-brokered private placement, raising a total of $3,800,000 for the acquisition of the Adelita Project and related expenses [1][4]. Group 1: Financing Details - The second tranche involved the issuance of 1,959,665 subscription receipts at a price of $0.375 each, generating gross proceeds of $734,874.38 [1]. - The total gross proceeds from the Offering, including the first tranche, amount to $3,016,388.13 [1]. - The Offering has been upsized from an initial target of $3,000,000 to $3,800,000 [4]. Group 2: Use of Proceeds - Proceeds from the Offering will be allocated towards exploration expenses, property payments for the Adelita Project, salaries, consulting fees, marketing, investor relations, and general administrative expenses [4]. - The funds will also cover existing accounts payable and loan repayments [4]. Group 3: Project Overview - The Adelita Project includes the Cerro Grande skarn, a high-grade Cu-Au-Ag system located in Sonora, Mexico, with over 7,000 meters of historical drilling and multiple untested targets [10]. - The project is being advanced using AI-assisted 3D geophysical modeling to refine drill targets and guide potential resource delineation [10]. Group 4: Future Expectations - The company anticipates closing the third and final tranche of the Offering in due course, pending approval from the TSX Venture Exchange [5].

Core Points - McEwen Copper Inc. has received approval for the Los Azules project to participate in Argentina's Large Investment Incentive Regime (RIGI), which aims to promote strategic initiatives for the country's productive development [1][6] - The project involves an investment of US $2.672 billion, covering exploration, construction, and operational stages of the copper mining development in Calingasta, San Juan Province [2][3] - Los Azules is set to be the first project in Argentina to produce high-purity copper cathodes, emphasizing a sustainable approach that minimizes environmental impact and operates on renewable energy [3][12] Economic Impact - The Los Azules project is projected to generate over US $30 billion in export revenues, significantly contributing to Argentina's foreign currency inflow and local economic development [4][6] - The project is expected to create substantial employment opportunities and increase tax revenues at both provincial and national levels [4][5] Strategic Importance - The approval under RIGI enhances operational predictability and establishes a clear framework for engagement with the state and future partners, reinforcing McEwen Copper's commitment to responsible and sustainable mining [5][6] - The RIGI framework provides legal, fiscal, and customs stability for 30 years, including tax incentives and streamlined customs procedures, which are crucial for attracting international investment [7][9] Project Development Timeline - The Environmental Impact Declaration (EIA) was approved in December 2024, with the feasibility study expected to be completed by the end of October 2025, positioning the project to begin construction [7] - McEwen Copper plans to continue exploration around Los Azules to potentially extend the resource size and life, reinforcing its leadership in sustainable mining [7][12]

Core Insights - Argentina has approved McEwen Copper's $2.7 billion Los Azules copper project for a tax break program called the Large Investment Incentive Regime (RIGI) [1] Company Summary - McEwen Copper is a Canadian mining company that is set to benefit from the approval of its Los Azules copper project in Argentina [1] - The project is valued at $2.7 billion, indicating a significant investment in the mining sector [1] Industry Summary - The approval of the Los Azules project under the RIGI program highlights Argentina's efforts to attract foreign investment in the mining industry [1] - The tax break program aims to incentivize large investments, which could lead to increased copper production in the country [1]

Industry Overview - Copper prices are rising due to supply issues, particularly from a production stoppage at the Grasberg mine in Indonesia, one of the largest copper producers globally [1] - Demand for copper is high, especially from China, which accounts for approximately 60% of global demand over the past year [2] - The demand for copper is expected to increase significantly as infrastructure and clean energy projects expand, particularly in electric vehicles and AI data centers [6] Market Activity - Copper trading activity has increased by around 50% compared to normal expectations [4] - Recent price fluctuations include a 7% bounce following news from Freeport regarding its Grasberg operations, although prices remain about 20% below pre-tariff highs [5] - Investors have shown strong interest in copper assets, with sector ETFs attracting $2.3 billion in net inflows in 2025, nearly 50% higher than in 2024 [3] Company Performance - Freeport-McMoRan has faced challenges due to its Grasberg operations but remains a significant player in the copper market [9] - Southern Copper Corp. has shown strong operational and financial performance, with year-to-date performance at +33.01% and high EBITDA margins of 56% [11][12] - Antofagasta PLC reported a year-to-date performance of +65.22% and is well-positioned for growth through projects initiated last year [13][14] Investment Opportunities - The Global X Copper Miners ETF (COPX) is recommended for investors seeking exposure to the copper mining industry without the risks associated with individual stocks [15] - Investing in copper is seen as a way to capture growth tied to electrification and AI expansion, contrasting with gold, which is often viewed as a hedge against economic downturns [6][7]

Africa’s second-largest copper producer based its forecasts on stronger economic growth expected next year from higher prices and output of the metal https://t.co/z3EajQVu3P ...

On the international picture, he says: “This essentially led the differential between the COMEX [the Commodity Exchange] and the LME [London Metal Exchange] to collapse at the end of July. From a long-term perspective, copper is still a bullish commodity – there are a lot of investment plans being announced in the US and elsewhere to develop it – but that major differential between the LME and the COMEX is not what it was.”Considering the reasons behind the nosedive, Jeffrey Lorch, a partner at McKinsey, ex ...

Image: Freeport-McMoRan Indonesia’s government has reached an agreement with Freeport Indonesia to halt operations at the Grasberg mine to prioritize the search for workers trapped after a recent accident, Reuters reported, citing the country’s mining minister.Two workers have died and five remain missing following a large mudflow earlier this month at the Grasberg Block Cave underground mine.Production at Freeport Indonesia has not resumed since the incident, with the suspension impacting both output and r ...

Group 1 - Antamina mine in Peru plans to increase copper production by 20% to 450,000 tonnes in 2026 from an expected 380,000 tonnes in 2023, with stabilization around 400,000 tonnes annually thereafter [1][2] - The mine is undergoing a $2 billion expansion project, which has received environmental approval and will extend operations from 2028 to 2036, focusing on open pit expansion and optimization of dumps and tailings dam [2] - Antamina is a significant source of copper and zinc, co-owned by BHP Group, Glencore, Teck Resources, and Mitsubishi, with concentrates transported via a 300km pipeline to the port of Huarney [3] Group 2 - A tragic incident at Antamina's Yanacancha camp in April resulted in the death of a senior manager and injuries to another employee, leading to a full safety shutdown at the site [4]