[SMM Copper Flash] McEwen Copper Secures US$240 Million Funding to Advance Los Azules Toward FID
McEwen Copper has closed a US$240 million senior secured four-year term loan, providing funding to advance engineering and early works at its Los Azules copper project in Argentina through the planned final investment decision (FID). The financing includes US$112 million from Sprott Natural Resource Investment Partners, with McEwen chairman Rob McEwen also participating. The company expects the FID and full project financing package around mid-2027, while commercial copper cathode production is targeted for 2030, subject to financing and customary approvals.