McEwen Copper Advances Towards Sustainable Mining Goals

McEwen Copper's Milestone Achievement

McEwen Copper Inc., a proud subsidiary of McEwen Mining Inc. (NYSE: MUX) (TSX: MUX), has achieved a significant milestone with the approval of its Environmental Impact Assessment (EIA) for the Los Azules copper project. This critical approval, marked by the Environmental Impact Statement (EIS) from the San Juan Provincial Government’s Ministry of Mines, serves as a pivotal authorization for moving into the next phases of feasibility, construction, and operation.

Understanding the Environmental Approval Process

The EIS, a culmination of careful analysis and recommendations, underscores the commitment to responsible mining practices in San Juan. Since April 2023, the documentation and review process, executed in collaboration with Knight Piesold and numerous subject matter experts, ensured transparency and accuracy in the assessment of over three thousand pages related to the EIA.

The Role of Public Engagement

The evaluation involved extensive public consultation and even a site visit to ensure community feedback was integrated into the decision-making process. McEwen Copper is grateful for the efforts of its internal and external teams who contributed significantly to the foundation of this approval.

Leadership Perspectives

Robert McEwen, CEO and Founder of McEwen Mining, shared his insights, highlighting the unwavering commitment to sustainable mining practices at Los Azules. His statement emphasized the team's dedication to modern methods that respect the environment while also forecasted through upcoming studies.

Community Involvement and Sustainability Practices

Building lasting relationships with the local Calingasta community has been crucial for Los Azules. By fostering a spirit of collaboration, McEwen Copper is not only ensuring community support but also advancing sustainable regional development. With an ambitious goal of achieving carbon neutrality by 2038, the operation will leverage renewable energy sources and low-water usage processes.

Looking Ahead: from Approval to Construction

With the environmental approval secured, the Los Azules project is set for significant advancements. The company anticipates the publication of a definitive feasibility study, which is expected in the first half of 2025. This will pave the way for potential construction to begin as early as 2026, positioning McEwen Copper as a front-runner in sustainable mining and economic development initiatives.

About McEwen Copper

McEwen Copper is focused on advancing the Los Azules copper project, which is recognized as one of the world's largest undeveloped copper sites. The company is committed to producing low-carbon copper critical for the global energy transition. In partnership with innovative firms like Stellantis and Nuton, McEwen Copper is poised to set new standards in the mining industry.

Details on the Los Azules Project

Located in the Andes Mountains of San Juan, Argentina, the Los Azules project stands out due to its sustainable practices and significant resource potential. This site is not only strategically located close to infrastructure but is also recognized for its advanced use of technology aimed at reducing environmental impact. The updated Preliminary Economic Assessment (PEA) released recently indicates a positive outlook with strong financial metrics, making Los Azules an attractive prospect for investors and stakeholders alike.

Frequently Asked Questions

What is the Los Azules project?

The Los Azules project is a significant copper mining initiative located in San Juan, Argentina, aimed at sustainable development and responsible mining practices.

What environmental permits has McEwen Copper secured?

McEwen Copper has received approval for its Environmental Impact Assessment (EIA), critical for further project development.

When is construction expected to begin at Los Azules?

The definitive feasibility study is anticipated in early 2025, with construction potentially starting in 2026.

How is McEwen Copper addressing sustainability?

The company aims for carbon neutrality by 2038, utilizing renewable energy and innovative technologies to minimize water usage.

Who are McEwen Copper's strategic partners?

Strategic partners include Stellantis, a leading vehicle manufacturer, and Nuton, a Rio Tinto venture focused on sustainable mining solutions.

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