McEwen Copper Announces $70 Million Financing to Advance the Los Azules Copper Project
McEwen Copper Announces $70 Million Financing to Advance the Los Azules Copper Project
TORONTO, June 24, 2024 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE and TSX: MUX) announces a non-brokered private placement financing of up to 2,333,333 common shares of its wholly-owned subsidiary McEwen Copper Inc. at a subscription price of US$30.00 per common share, for gross proceeds of up to US$70 million (the "Offering"). McEwen Copper currently has 30,937,615 common shares outstanding (basic and diluted).
2024年6月24日多倫多(全球市場新聞)——麥克尤恩礦業公司(紐交所和tsx:mux)宣佈,其全資子公司麥克尤恩銅業公司擬定向增發多達2,333,333股普通股,認購價爲每股30.00美元,募集資金總額可高達7000萬美元(“本次增發”)。麥克尤恩銅業目前已發行普通股30,937,615股(基本和攤薄)。
Lead orders to purchase 27% of the total Offering have been committed by McEwen Mining and Rob McEwen. McEwen Mining will purchase up to 466,667 common shares of McEwen Copper for US$14 million and Rob McEwen will purchase up to 166,666 common shares for US$5 million. Final investment amounts are subject to adjustment according to anti-dilution and pre-emptive rights on the part of other existing shareholders of McEwen Copper.
McEwen Mining和Rob McEwen已經確認購買所增發股票總數的27%。McEwen Mining將以1400萬美元購買McEwen Copper的最多466667股普通股,而Rob McEwen將以500萬美元購買McEwen Copper的最多166666股普通股。最終的投資金額將根據McEwen Copper其他現有股東在抗稀釋和優先購買權方面的決定進行調整。
This Offering will be used to advance work on a bankable feasibility study for the Los Azules copper project, which is scheduled for publication by the end of the first quarter (Q1) of 2025.
這次定向增發所募集的資金將用於推進Los Azules 銅礦項目的銀行可行性研究,該項目將於2025年第一季度末公佈。
Subscription for the remaining 1,700,000 common shares is available to qualified accredited investors, subject to a US$2 million minimum investment and certain other conditions. The securities sold in the Offering are private and subject to transfer restrictions until such time when they become listed on a public exchange.
合格的認可投資者可認購剩餘的1,700,000股普通股,但需要投資最少2,000,000美元,並遵守其他一些條件。通過定向增發出售的證券爲私人證券,受到轉讓限制,直到它們在公開交易所上市之前。
Prior to the Offering, ownership in McEwen Copper is of 14,768,000 common shares (47.7%) for McEwen Mining and 4,000,000 common shares for Rob McEwen (12.9%). Assuming completion of the full amount of the Offering and the investment amounts shown above, McEwen Mining will own 45.8% of McEwen Copper and Rob McEwen will own 12.5%.
在定向增發之前,McEwen Copper的所有權分別爲McEwen Mining的14,768,000股普通股(佔47.7%)和Rob McEwen的4,000,000股普通股(佔12.9%)。假設定向增發全部完成,並考慮到上述投資金額,McEwen Mining將擁有McEwen Copper的45.8%的股份,Rob McEwen將擁有12.5%的股份。
About McEwen Copper
關於McEwen Copper
McEwen Copper Inc. holds a 100% interest in the Los Azules copper project in San Juan, Argentina and the Elder Creek project in Nevada, USA.
McEwen Copper Inc.擁有阿根廷聖胡安Los Azules銅礦項目和美國內華達州的Elder Creek項目。
Los Azules ranked the 8th largest undeveloped copper deposits in the world (Mining Intelligence, 2022). Its current copper resources have increased to 10.9 billion pounds at a grade of 0.40% Cu (Indicated category) and an additional 26.7 billion pounds at a grade of 0.31% Cu (Inferred category) as of the June 2023 Preliminary Economic Assessment (PEA). The PEA estimates a $2.7 billion after-tax NPV8% at $3.75/lb Cu, a low average C1 production cost of $1.07/lb Cu, a 3.2-year payback period, and a 27-year mine life.
Los Azules 是全球開發前景最好的銅礦牀之一(Mining Intelligence, 2022)。根據2023年6月初步經濟評估(PEA)的估計, Los Azules銅在位資源高達109億磅,銅品位爲0.40%Cu(已明確類別),額外高達267億磅,銅品位爲0.31%Cu(暗示類別)。 PEA 估計有2.7億美元的稅後淨現值(NPV8%),3.2年的回收期和27年的礦山壽命; 大多數經濟指標都比預期更好。th獨具特色的Los Azules銅機和其他銅礦有本質差異,減少了極大的用水量,大幅減少了碳排放,並計劃在2038年實現碳中性,投產後所需的電力全部由100%的可再生能源提供。
A bankable feasibility study (FS) is underway with completion, planned by the end of Q1 2025. Los Azules is being designed to be distinctly different from other copper mines, consuming significantly less water, emitting much lower carbon and progressing towards carbon neutral by 2038, and being powered by 100% renewable electricity once in operation.
現在正進行可行性研究(FS),預計於2025年第一季度末完成。
This news release and the information included herein do not constitute an offer to buy or the solicitation of an offer to subscribe for or to buy any of the securities described herein, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
本新聞稿及其中包含的信息並不構成購買或認購所描述證券的要約,也不構成要約邀請或買入任何司法管轄區內任何證券的要約,也不在這些證券在任何這樣的司法管轄區根據任何這樣的法律下進行登記或合資格之前或滿足任何其他條件之前出售。
CAUTION STATEMENT CONCERNING FORWARD-LOOKING INFORMATION
關於前瞻性信息的提示聲明
This news release contains certain forward-looking statements and information, including "forward-looking statements" within the meaning of the private securities litigation reform act of 1995. The forward-looking statements are intended to be subject to the safe harbor provided by section 27a of the securities act of 1933, section 21e of the securities exchange act of 1934 and private securities litigation reform act of 1995.
本新聞稿包含某些前瞻性陳述和信息以及《1995年私人證券訴訟改革法》中規定的“前瞻性陳述”。前瞻性陳述旨在受到1933年證券法第27a節,1934年證券交易法第21e節和1995年私人證券訴訟改革法提供的安全港的保護。
This news release contains certain forward-looking statements and information, including "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements and information expressed, as at the date of this news release, McEwen Mining Inc.'s (the "Company") estimates, forecasts, projections, expectations or beliefs as to future events and results. Forward-looking statements and information are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties, risks and contingencies, and there can be no assurance that such statements and information will prove to be accurate. Therefore, actual results and future events could differ materially from those anticipated in such statements and information. Risks and uncertainties that could cause results or future events to differ materially from current expectations expressed or implied by the forward-looking statements and information include, but are not limited to, effects of the COVID-19 pandemic, fluctuations in the market price of precious metals, mining industry risks, political, economic, social and security risks associated with foreign operations, the ability of the corporation to receive or receive in a timely manner permits or other approvals required in connection with operations, risks associated with the construction of mining operations and commencement of production and the projected costs thereof, risks related to litigation, the state of the capital markets, environmental risks and hazards, uncertainty as to calculation of mineral resources and reserves, and other risks. Readers should not place undue reliance on forward-looking statements or information included herein, which speak only as of the date hereof. The Company undertakes no obligation to reissue or update forward-looking statements or information as a result of new information or events after the date hereof except as may be required by law. See McEwen Mining's Annual Report on Form 10-K for the fiscal year ended December 31, 2023, and other filings with the Securities and Exchange Commission, under the caption "Risk Factors", for additional information on risks, uncertainties and other factors relating to the forward-looking statements and information regarding the Company. All forward-looking statements and information made in this news release are qualified by this cautionary statement.
本新聞發佈時表達的前瞻性陳述和信息是 McEwen Mining Inc.(以下簡稱“公司”)對未來事件和結果的估計,預測,投射,期望或信仰。前瞻性陳述和信息必須基於經過管理層認爲合理的估計和假設,這些估計和假設本質上會受到重大的業務,經濟和競爭性的不確定性,風險和不確定性的影響,因此不能保證此類陳述和信息將證明是準確的。因此,實際結果和未來事件可能會與此類陳述和信息所反映的不同。使實際結果發生重大不同的風險和不確定性包括但不限於影響金屬市場價格波動的疫情,礦業行業風險,涉及國外運營的政治,經濟,社會和安全風險,公司獲得或及時獲得的批准或其他批准有關的操作,建造採礦作業和生產及其預期成本的風險,涉及訴訟風險,資本市場狀況,環境風險和危害,對礦物資源和儲量的計算不確定性以及其他風險。讀者不應過度依賴此處包含的前瞻性陳述或信息,因爲這些陳述和信息僅於此處發佈的日期。公司沒有義務在此處之後重新發布或更新前瞻性陳述或信息,除非法律規定。有關公司的風險,不確定性和其他因素的額外信息,請參見McEwen Mining於2023年12月31日結束的財年的10-K年度報告以及提交給證券交易委員會的其他文件,其中包括“風險因素”的字樣。所有在本新聞稿中作出的前瞻性陳述和信息均受到此提示聲明的限制。
The NYSE and TSX have not reviewed and do not accept responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by management of McEwen Mining Inc.
紐交所和安大略證券交易所未審查本新聞稿內容的充分性或準確性,該新聞稿是麥克尤因礦業公司管理層準備的。
ABOUT MCEWEN MINING
關於麥克尤因礦業:
McEwen Mining is a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina. In addition, it owns approximately 47.7% of McEwen Copper which owns the large, advanced stage Los Azules copper project in Argentina. The Company's goal is to improve the productivity and life of its assets with the objective of increasing its share price and providing a yield. Its Chairman and Chief Owner has personally provided the company with $220 million and takes an annual salary of $1.
McEwen Mining是一家黃金和白銀生產商,其業務遍及內華達州,加拿大,墨西哥和阿根廷。此外,它擁有約47.7%的McEwen Copper的股權,McEwen Copper擁有阿根廷Los Azules銅礦項目,該項目處於先進階段。公司的目標是通過提高資產的生產率和壽命來提高股價和提供收益。公司董事長兼主要所有者個人投入2.2億美元,並每年領取1美元的薪水。
CONTACT INFORMATION: | |
Investor Relations: |
150 King Street West |
(866)-441-0690 Toll Free | Suite 2800, P.O. Box 24 |
(647)-258-0395 | Toronto, ON, Canada |
M5H 1J9 | |
Mihaela Iancu ext. 320 | |
info@mcewenmining.com |
聯繫方式: | |
投資者關係: |
King Street West150號。 |
(866)-441-0690 免費電話 | 2800套房,郵政信箱24 |
(647)-258-0395,Mihaela Iancu 分機320 | Toronto, ON, Canada |
M5H 1J9 | |
Mihaela Iancu 分機號320 | |
info@mcewenmining.com |
Source: McEwen Mining
來源:mcewen mining