(NewsDirect)
TNR Gold Executive Chairman Kirill Klipjoins Proactive's Natalie Stoberman to discuss the multimilliondollar investment from automaker Stellantis to McEwen Copper topartner on the Los Azules copper project in San Juan, Argentina.
Klip says FCA Argentina, asubsidiary of Stellantis, has invested $150 million USDnto acquireshares of McEwen Copper in a two-part transaction consisting of aprivate placement of 2,850,000 common shares, and a purchase of1,250,000 common shares indirectly owned by McEwen Mining in asecondary sale.
The proceeds of the private placement will beused to advance development of the Los Azules copper project in SanJuan, Argentina, and for general corporate purposes.
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