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InvestorNewsBreak - McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Invests $400,000 in Inventus Mining's Private Placement to Support the Pardo Project Advancement

2024-11-07

TSXV - TSX Venture Exchange · Uranium · Rare Earth Elements · Gold · Canada · Financing

InvestorNewsBreak – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Invests $400,000 in Inventus Mining’s Private Placement to Support the Pardo Project Advancement

McEwen Mining (NYSE: MUX) (TSX: MUX)has strengthened its support for Inventus Mining Corp. (TSXV: IVS) by acquiring 10,000,000 units in Inventus’s recently closed private placement, contributing $400,000 toward the $600,000 raised. Each unit in the placement includes one common share and one warrant, enabling further share purchases at $0.09 until 24 months post-closing, with potential for accelerated expiry if trading conditions are met.

McEwen’s significant investment demonstrates its commitment to advancing Inventus’s Pardo Project, marking a strategic alignment in McEwen’s broader investment interests in the precious metals sector.

To view the full press release, visithttps://ibn.fm/usH3N

About McEwen Mining Inc.

McEwen Mining is a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina. In addition, the company owns approximately 47.7% of McEwen Copper, which is developing the large, advanced-stage Los Azules copper project in Argentina. The company’s goal is to improve the productivity and life of its assets with the objective of increasing the share price and providing a yield. Rob McEwen, chair and chief owner, has a personal investment in the company of $220 million and takes an annual salary of $1. To learn more about the company, visitwww.McEwenMining.com.

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

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