Loan & DebtMay 14, 2026, 04:02 PM
McEwen Copper Retains Societe Generale for Los Azules Project Debt Financing
AI Summary
McEwen Copper Inc., 46.3%-owned by McEwen Inc., has appointed Societe Generale as its sole financial advisor to arrange project debt financing for its Los Azules copper project in Argentina. Societe Generale will lead the structuring of a senior debt package from various sources, including export credit agencies, commercial banks, and development finance institutions, to fund the project's construction. This move is a significant step towards developing one of the world's largest undeveloped copper projects, which aims to be carbon neutral by 2038. Additionally, McEwen Inc. recently acquired a 27.3% stake in Paragon Advanced Labs Inc.
Key Highlights
- McEwen Copper retained Societe Generale as sole financial advisor for Los Azules project debt financing.
- Societe Generale will lead the structuring of a senior debt package for project construction.
- Financing is expected from export credit agencies, commercial banks, and development finance institutions.
- McEwen Inc. holds a 46.3% ownership interest in McEwen Copper.
- The implied value of McEwen Inc.'s ownership in McEwen Copper is US$456 million.
- The Los Azules project aims to be carbon neutral by 2038.
- McEwen Inc. recently purchased 27.3% of Paragon Advanced Labs Inc.