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SUBSEQUENT EVENT
9 Months Ended
Sep. 30, 2024
SUBSEQUENT EVENT  
SUBSEQUENT EVENT

NOTE 18 SUBSEQUENT EVENT

On October 24, 2024, McEwen Copper and Nuton LLC (“Nuton”), a subsidiary of Rio Tinto, announced the closing of agreements pursuant to which McEwen Copper issued 1,166,666 common shares for aggregate proceeds of $35.0 million. On the same day, McEwen Copper announced the closing of agreements with two individual investors pursuant to which McEwen Copper issued 66,669 common shares for aggregate proceeds of $2.0 million.

 

Subsequent to the closing of the transactions above, the Company’s ownership of McEwen Copper Inc. decreased from 48.3% to 46.4%.