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McEwen Mining: Have You Heard of the Largest Incentive Prize in History?

Press release content from Globe Newswire. The AP news staff was not involved in its creation.
McEwen Mining: Have You Heard of the Largest Incentive Prize in History?
McEwen MiningFebruary 11, 2021 GMT
TORONTO, Feb. 11, 2021 (GLOBE NEWSWIRE) McEwen Mining Inc. (the “Company” or “McEwen”) (NYSE and TSX: MUX) wants you to know about of the world’s largest ever incentive prize of $100 million.
“
As a proud member of the XPRIZE Foundation’s Vision Circle, I am helping spread the extraordinary news of their newest and boldest challenge ever, XPRIZE Carbon Removal at
, which is aimed at tackling the biggest threats facing humanity climate change and the imbalance in Earth’s carbon cycle. Elon Musk and the Musk Foundation are funding this unprecedented $100 million prize purse. Elon is a great friend of XPRIZE and a former Trustee and Vision Circle member. ....

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McEwen Mining Announces Fox Complex Growth Funding Secured by Registered Direct Offering

Press release content from Globe Newswire. The AP news staff was not involved in its creation.
McEwen Mining Announces Fox Complex Growth Funding Secured by Registered Direct Offering
McEwen MiningFebruary 5, 2021 GMT
TORONTO, Feb. 05, 2021 (GLOBE NEWSWIRE) McEwen Mining Inc. (the “Company” or “McEwen”) (NYSE and TSX: MUX), announces an oversubscribed registered direct offering with several existing and new institutional investors for the sale of an aggregate of 30,000,000 shares of common stock at a purchase price of $1.05 per share (the “Offering”).
“The timing of this offering was critical for two reasons: 1. It completes the funding required to bring the Froome deposit into production later this year. Froome is our production bridge to the future growth of the Fox Complex, where we see potential for higher gold production, lower cost per ounce and a longer mine life; and 2. It will strengthen our balance sheet and working capital position, whic ....

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