Mcewen Mining (MUX) Announces Additional $30M Investment by Nuton

Go back to Mcewen Mining (MUX) Announces Additional $30M Investment by Nuton

McEwen Copper Announces an Additional US$30 Million Investment by Nuton, a Rio Tinto Venture

February 27, 2023 6:51 AM EST

TORONTO, Feb. 27, 2023 (GLOBE NEWSWIRE) -- McEwen Copper Inc., a subsidiary of McEwen Mining Inc. (NYSE: MUX) (TSX: MUX), is pleased to announce a binding agreement for an additional US$30 million investment by Nuton LLC, a Rio Tinto Venture, and existing McEwen Copper shareholder.

Nuton has agreed to invest US$30 million to acquire shares of McEwen Copper in a two-part transaction expected to close no later than March 10th, 2023 (the Nuton Transaction)... More