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McEwen Mining Inc.’s (NYSE: MUX) (TSX: MUX) McEwen Copper Advancing Los Azules Project amid Copper Supply Bottlenecks and Growing Demand

  • McEwen Mining is an asset-rich diversified gold and silver producer in the Americas with significant exposure to copper through its 51.9%-owned McEwen Copper
  • McEwen Copper holds 100% interest in the Los Azules Project in Argentina, which has been shown to have many attributes comparable to world-class copper-gold deposits in South America
  • The subsidiary is advancing the Los Azules Project and has been undertaking infill and step-out exploration drilling
  • McEwen Copper’s focus comes at a time when the world is staring at copper deficits driven by constrained supply amid political instability in top copper-producing countries and increased demand

Copper, a base metal with no obvious substitute, is found in countless products in homes, offices, manufacturing plants, and vehicles. For context, a typical home contains over 400 pounds (about 180 kilograms) of the metal, with most of these copper-containing products being electronics that need to be powered by electricity tapped from an electricity grid that majorly comprises components that are made using copper (https://ibn.fm/Ng9Yv). Copper is also used to manufacture military vehicles like ships, naval vessels, and aircraft because it is resistant to corrosion.

As the world targets a green transition, more sectors are looking to decarbonize, opting to electrify to reduce use of fossil fuels. As a result, millions of feet of copper wiring will be needed to build complex grids that can handle the growing electricity needs. Sights are also set on electric vehicles, which use…

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NOTE TO INVESTORS: The latest news and updates relating to MUX are available in the company’s newsroom at http://ibn.fm/MUX

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MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to millions of social media followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.

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Los Angeles, California
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Editor@MiningNewsWire.com

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