McEwen Copper Completes US$240 Million Term Loan to Advance Los Azules Toward Final Investment Decision
McEwen Inc.'s 46.3%-owned subsidiary, McEwen Copper, closed a $240 million senior secured term loan to advance the Los Azules copper project toward a final investment decision expected in mid-2027. The facility includes a 12.0% interest rate and warrants, with major participation from Sprott and Chairman Rob McEwen, signaling strong confidence in the Argentine project.
Key figures
- Deal Value Usd
- 240000000
- Term years
- 4
- Prepayment fee
- 5%
- Term interest rate
- 12.0%
- Ownership percentage
- 46.3
- Warrant exercise price
- 40
- Drilling meters completed
- 5600
- Warrants per 1m principal
- 15000
- Implied value mux interest
- US$456 million
- Projected royalty cash flow
- $1.4 billion
AI analysis
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