Tuesday, 02 January 2024 12:17 GMT

Miningnewsbreaks Mcewen Mining Inc. (NYSE: MUX) (TSX: MUX) Chooses YPF Luz To Provide 100% Renewable Energy For Los Azules Project


(MENAFN- Investor Brand Network) McEwen mining (NYSE: MUX) (TSX: MUX) , a Gold and silver producer with operations in Nevada, Canada, Mexico and Argentina, has reached an agreement with YPF Energía Eléctrica S.A. (YPF Luz). The agreement is for YPF Luz to power McEwen Copper Inc.'s large Los Azules copper project with renewable energy. According to the announcement, the agreement covers the supply of renewable energy through a high-voltage transmission line; YPF Luz will be responsible for the development and financing of the line. An Argentine company, YPF Luz is a leader in power generation that has been in operation since 2013.

“Los Azules will play a critical role for Argentina and the world
by significantly contributing
to decarbonization,” said McEwen Copper vice president Michael Meding in the press release.“The geological potential of the project will position San Juan on the international map of resources for
the
energy
transition,
and
in
this
context,
YPF
Luz
is
a strategic ally to help us achieve our goal of being 100% renewable.”

To view the full press release, visit

About McEwen Mining Inc.

McEwen Mining is a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina. The company also owns a 48.3% in McEwen Copper, which is developing the large, advanced-stage Los Azules copper project in Argentina. The company's objective is to improve the productivity and life of its assets with the goal of increasing the share price and providing an investor yield. Rob McEwen, chair and chief owner, has a personal investment in the companies of $225
million. His annual salary is $1. To learn more about the company, visit
.

NOTE TO INVESTORS:
The latest news and updates relating to MUX are available in the company's newsroom at

About MiningNewsWire

MiningNewsWire
(“MNW”) is a specialized communications platform with a focus on developments and opportunities in the Global Mining and Resources sectors. It is one of 60+ brands within
the
Dynamic Brand Portfolio
@
IBN
that delivers :
(1) access to a vast network of wire solutions via
InvestorWire
to efficiently and effectively reach a myriad of target markets, demographics and diverse industries ;
(2) article and
editorial syndication to 5,000+ outlets ;
(3) enhanced
press release enhancement
to ensure maximum impact ;
(4)
social media distribution
via IBN to millions of social media followers ;
and (5) a full array of tailored
corporate communications solutions . With broad reach and a seasoned team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today's market, MNW brings its clients unparalleled recognition and brand awareness.

MNW is where breaking news, insightful content and actionable information converge.

To receive SMS alerts from MiningNewsWire, text“BigHole” to 888-902-4192 (U.S. Mobile Phones Only)

For more information, please visit

Please see full terms of use and disclaimers on the MiningNewsWire website applicable to all content provided by MNW, wherever published or re-published:
/Disclaimer

MiningNewsWire
Los Angeles, CA

310.299.1717 Office
...

MiningNewsWire is powered by
IBN

MENAFN27082024000224011066ID1108607042


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

Search