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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (115557)	1/22/2022 8:02:53 AM
From: Goose94	Read Replies (1) \| Respond to of 203382

TNR Gold (TNR-V) ceo.ca TNR Green Energy Metals Royalties & Gold

To: Goose94 who wrote (115557)

6/22/2022 3:17:07 PM

From: Goose94

Read Replies (1) | Respond to of 203382

McEwen Copper Closes US$15.0 Million Second Tranche of PP

June 21, '22 - NR

McEwen Copper Inc., a subsidiary of McEwen Mining (MUX-T),is pleased to announce the closing of the second tranche of the previously announced private placement offering (the “Offering”) of up to 8,000,000 common shares of McEwen Copper Inc. priced at US$10.00 per common share. The second tranche is comprised of a $10 million investment by the Victor Smorgon Group advised by Arete Capital Partners, both of Australia, and $5 million from other investors, for total gross proceeds of $15.0 million. The amounts raised in the first and second tranches of the private placement now stand at $55.0 million. The Offering remains open until July 6th, 2022.

McEwen Copper is well-funded to complete the updated preliminary economic assessment (PEA) in early Q1 2023, the upcoming drilling season from October 2022 to June 2023, and the planned IPO in H1 2023.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

The NYSE and TSX have not reviewed and do not accept responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by the management of McEwen Mining Inc.

ABOUT MCEWEN COPPER

McEwen Copper owns 100% of the giant Los Azules Copper Project in San Juan, Argentina, and the Elder Creek Copper Project in Nevada, USA. There are 23 million common shares outstanding.

CONTACT INFORMATION:
Mihaela Iancu
Investor Relations
(647) 258-0395 ext 320
info@mcewenmining.com