McEwen Copper closes US$240 million senior secured term loan to fund Los Azules project work
MUX•Project timeline and warrant terms
A final investment decision and full project financing are expected mid-2027, with commercial copper cathode production targeted for 2030.
Lenders received 15,000 five-year warrants per US$1 million. The warrant exercise price is US$40 per share.
Term loan closed for Los Azules work
McEwen Copper, a 46.3%-owned affiliate of McEwen Inc., closed a US$240 million senior secured 4-year term loan.
Proceeds target engineering, early works for Argentina’s Los Azules copper project, and general corporate purposes.
The facility carries 12% annual interest, payable monthly, with principal due at maturity.
