McEwen Copper closes US$240 million senior secured term loan to fund Los Azules project work

• McEwen Copper, a 46.3%-owned affiliate of McEwen Inc., closed a USD 240 million senior secured 4-year term loan.
• Proceeds target engineering, early works for Argentina’s Los Azules copper project, general corporate purposes.
• Facility carries 12% annual interest, payable monthly; principal due at maturity.
• Final investment decision, full project financing expected mid-2027; commercial copper cathode production targeted for 2030.
• Lenders received 15,000 five-year warrants per USD 1 million; exercise price USD 40 per share.

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