https://www.miningweekly.com
McEwen|McEwen Copper|Sprott Natural Resource Investment Partners|Argentina|Los Azules|Copper|Rob McEwen
||||
mcewen|mcewen-copper|sprott-natural-resource-investment-partners|argentina|los-azules|copper|rob-mcewen

McEwen Copper secures funding through to Los Azules FID

Los Azules project area

Los Azules project area

28th August 2026

By: Marleny Arnoldi

Online News Editor

     

Font size: - +

TSX- and NYSE-listed miner McEwen's 46.3%-owned subsidiary McEwen Copper has closed a $240-million senior secured four-year term loan facility with a syndicate of lenders.

McEwen Copper will use the proceeds to advance engineering and early works at the Los Azules copper project, in Argentina, which has a final investment decision (FID) and full project financing package expected in mid-2027.

McEwen targets commercial copper cathode production from the project in 2030, subject to project financing and customary approvals.

The term loan, which had participants such as Sprott Natural Resource Investment Partners ($112-million) and McEwen chairperson Rob McEwen, provides funding while McEwen Copper advances the broader project debt financing for Los Azules.

In connection with the term loan, the lenders also received 15 000 five-year McEwen Copper common share purchase warrants for each $1-million of principal, with an exercise price of $40 apiece.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Projects

Showroom

ZF Aftermarket
ZF Aftermarket

ZF Aftermarket is the after-sales division of the world-renowned German ZF group, a global leader in mobility technology.

VISIT SHOWROOM 
ALBIS FLANGES (Pty) Ltd
ALBIS FLANGES (Pty) Ltd

ALBIS FLANGES — founded in 1965 — is a petro-chemical approved manufacturer of flanges and fittings in most grades of steel, listed with Sasol,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

MinRes Pilbara hub
MinRes posts strongest full-year financials yet
27th August 2026 By: Marleny Arnoldi
Resources Watch
Resources Watch
26th August 2026

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.047 0.072s - 119pq - 2rq
Subscribe Now