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McEwen affiliate McEwen Copper closes USD 240 million term loan for Los Azules project

PUBT·08/27/2026 21:16:32
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McEwen affiliate McEwen Copper closes USD 240 million term loan for Los Azules project
  • McEwen Copper, a 46.3%-owned affiliate of McEwen, closed a USD 240 million senior secured 4-year term loan facility.
  • Proceeds earmarked for engineering and early works at the Los Azules copper project in San Juan, Argentina.
  • Facility carries 12% annual interest, paid monthly; principal due at maturity; early repayment triggers a 5% fee.
  • Final investment decision targeted for mid-2027; commercial copper cathode production targeted for 2030, subject to financing and approvals.
  • Lenders received 15,000 five-year McEwen Copper warrants per USD 1 million; exercise price set at USD 40 per share.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. McEwen Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608271700PRIMZONEFULLFEED9817392) on August 27, 2026, and is solely responsible for the information contained therein.