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SAN JUAN/TORONTO - McEwen Copper Inc., a subsidiary of McEwen Inc. (NYSE:MUX) (TSX:MUX), whose stock has surged over 90% in the past six months according to InvestingPro data, has entered into a collaboration agreement with the International Finance Corporation (IFC) to align its Los Azules copper project with IFC’s environmental, social, and governance standards, the company announced Wednesday.
The agreement represents a step in McEwen Copper’s financing strategy for Los Azules, one of the world’s largest undeveloped copper deposits located in Argentina’s San Juan province. With a current ratio of 2.35 and moderate debt levels according to InvestingPro analysis, the company appears well-positioned to pursue this collaboration, which could potentially lead to future debt and equity financing from the IFC, a member of the World Bank Group.
Los Azules has already secured Environmental Impact Declaration approval, with its feasibility study expected to be completed by October 2025. The company has also applied for Argentina’s Large Investment Incentive Regime.
The agreement focuses on integrating IFC’s Performance Standards on Environmental and Social Sustainability into the project’s development, which aims to reduce risk and align with criteria required by international investors.
"Through this project, IFC also seeks to encourage greater investment in Argentina’s mining sector and support its sustainable development," said Manuela Adl, IFC’s Senior Country Manager for Argentina, according to the press release.
Rob McEwen, Chairman of McEwen Inc., called the collaboration "a game-changer for Los Azules," noting it could help pave the way for IFC as a potential lead lender and equity partner.
A June 2023 Preliminary Economic Assessment estimated the project has an after-tax net present value of $2.7 billion at $3.75 per pound of copper, with a 27-year mine life and significant copper resources. The company, currently valued at approximately $802 million in market capitalization, is trading near its 52-week high, reflecting strong investor confidence in the project’s potential. For deeper insights into McEwen’s valuation and growth prospects, investors can access comprehensive analysis through InvestingPro’s detailed research reports, which cover over 1,400 US stocks.
McEwen Copper owns 100% of the Los Azules project, which is being designed to consume less water and emit lower carbon than conventional copper mines while operating on renewable electricity.
This article is based on a press release statement from McEwen Inc.
In other recent news, TEGNA Inc. reported a 5% year-over-year decline in revenue for the second quarter of 2025, amounting to $675 million. This decline was attributed to challenges in the advertising market, with notable decreases in Advertising and Marketing Services revenue, while distribution revenue remained flat. Meanwhile, McEwen Inc. has appointed Ian Ball as Vice-Chairman, a newly created executive role aimed at supporting the company’s strategic growth initiatives. Ball, who has been an independent director at McEwen since 2022, will focus on the company’s medium to long-term growth strategies, which include plans to double production by 2030 and advance exploration efforts. These developments reflect the companies’ ongoing efforts to navigate their respective market challenges and strategic goals.
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