23 Jan 2026capital raising announcement▲ Good
Upsized the same flow-through offering with an additional $7.69 million tranche at about $21.25/share.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
22 Dec 2025capital raising announcement▲ GoodMajor
Raised about $12.4 million in a two-part Canadian flow-through offering priced at $20.90-23.80/share - a striking jump from the roughly $1-2/share pricing of the 2020-2021 flow-through rounds, reflecting how much the stock had re-rated since.
11 Feb 2025capital raising announcement▲ GoodMajor
McEwen issued $110 million of 5.25% convertible senior notes due 2030 in a private offering to institutional buyers, including the full $15 million extra option, with net proceeds of about $105.9 million. About $15.1 million paid for capped-call hedges, about $20 million is meant to partly repay the Evanachan-agented credit facility, and the rest is for general purposes.
3 Feb 2025capital raising announcement● Neutral
Agreed to a share swap with Goliath Resources: McEwen will issue about 868,000 of its own shares in exchange for roughly 5.2 million Goliath shares and 2.6 million Goliath warrants - a modest cross-holding rather than a major transaction.
27 June 2024capital raising announcement▲ GoodMajor
Announced a new McEwen Copper private placement of up to $70 million at $30/share - a large step up from the $10-26/share range of the 2021-2022 rounds, reflecting the project's growing value as Stellantis and Nuton had bought in.
15 Dec 2023capital raising announcement▲ GoodMajor
Raised $16.1 million in a further flow-through offering, this time co-led by Cantor Fitzgerald Canada and Roth Capital Partners.
24 Oct 2023capital raising announcement▲ Good
Nuton topped up its McEwen Copper stake with a further $10 million ($4 million bought directly from McEwen Copper, $6 million bought from parent McEwen Mining), keeping pace as new investors like Stellantis diluted its position.
16 Oct 2023capital raising announcement▲ GoodMajor
Stellantis invested a further $120 million in McEwen Copper through FCA Argentina, its second tranche in under a year, continuing to deepen its stake in Los Azules.
1 Mar 2023capital raising announcement▲ GoodMajor
Global automaker Stellantis, through its Argentine subsidiary FCA Argentina, invested roughly $155 million in McEwen Copper - $108 million in newly issued shares and $47.4 million buying existing shares from McEwen Mining itself - a major strategic validation of Los Azules as a future EV-supply-chain copper source.
6 Sept 2022capital raising announcement▲ GoodMajor
Nuton, Rio Tinto's copper leaching venture, invested $25 million for about 9.73% of McEwen Copper in the third and final $26.85 million closing of the private placement. The two sides also signed a collaboration agreement to test Nuton's leach technology on Los Azules samples.
6 Apr 2022capital raising announcement▼ BadMajor
After a weak first quarter (COVID-related staffing losses, cold weather and equipment failures hit Fox Complex and San Jose output), Chairman Rob McEwen personally lent the company a further $15 million via an unsecured promissory note, while its existing $50 million term loan was amended to push out $50 million of principal repayments (to 2025) and drop its security interest over McEwen Copper and Los Azules - freeing that subsidiary to raise its own outside capital.
23 Aug 2021capital raising announcement▲ GoodMajor
Publicized the closing of the $40 million first tranche of McEwen Copper's Series B placement, all of it bought by Chairman Rob McEwen's Evanachan Limited - the same transaction detailed two days later in the company's formal contract-disclosure filing.
2 Feb 2021capital raising announcement▲ GoodMajor
McEwen closed a flow-through private placement of 12,600,600 shares at US$1.01, raising gross proceeds of US$12.7 million (Cdn$16.3 million) through a syndicate led by Cantor Fitzgerald Canada. The money is reserved for developing the Froome deposit in Timmins.
What it means for a shareholder
12.6m new shares at US$1.01 to raise about US$12.7m. That's 2.9% dilution: every existing holder's slice gets 2.9% smaller. If you held US$1,000 of shares (990 at the issue price), your slice goes from 0.000238% to 0.000231% of the company. To keep it you'd need 30 more shares - about US$30 at the issue price.
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31 Dec 2020capital raising announcement● Neutral
Closed the upsized flow-through offering for about $9.8 million.
18 Dec 2020capital raising announcement▲ Good
Upsized the same offering to CAD$11.5 million just a day later, citing strong investor demand.
18 Dec 2020capital raising announcement▲ Good
Announced a CAD$10 million flow-through financing priced at a 22% premium to the stock's recent closing price - an unusually strong sign of investor demand for the Timmins exploration story.
11 Sept 2020capital raising announcement● Neutral
Raised $10.4 million in a Cantor Fitzgerald Canada-led "bought deal" flow-through offering, again for exploration and development spending.
21 Dec 2018capital raising announcement● Neutral
Closed that flow-through offering for approximately $15 million gross.
6 Dec 2018capital raising announcement● Neutral
Announced another flow-through financing to keep funding exploration in the Timmins region.
20 Dec 2017capital raising announcement● Neutral
Closed the Timmins flow-through offering for $10 million gross, a Canadian tax-advantaged financing structure it would use repeatedly over the following years to fund exploration.
1 Dec 2017capital raising announcement● Neutral
Announced a planned flow-through financing to accelerate exploration at its newly acquired Timmins-area properties.