8-K
McEwen Inc. (MUX)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) ofthe Securities Exchange Act of 1934
| Date of Report (Date of earliest event reported): | September 24, 2025 |
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McEWEN INC.
(Exact name of registrant as specified in its charter)
| Colorado | 001-33190 | 84-0796160 |
|---|---|---|
| (State or other jurisdiction <br><br>of incorporation) | (Commission <br><br>File Number) | (IRS Employer<br> Identification No.) |
| 150 King Street West, Suite 2800<br><br><br><br>Toronto ,Ontario , Canada | M5H 1J9 | |
| --- | --- | |
| (Address of principal executive offices) | (Zip Code) | |
| Registrant’s telephone number including area code: | (866 ) 441-0690 | |
| --- | --- |
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
|---|---|---|
| Common Stock | MUX | New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ¨
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
| Item 7.01 | Regulation FD Disclosure. |
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On September 24, 2025, McEwen Inc. (the “Company”) issued a press release announcing the execution of a collaboration agreement between the International Finance Corporation (“IFC”), a member of the World Bank Group, and McEwen Copper, Inc. (“MCI”), an equity investee of the Company, to support aligning MCI’s Los Azules copper project with IFC’s environmental, social, and governance standards for potential future debt and equity financing. A copy of the press release is furnished with this report as Exhibit 99.1.
The information furnished under this Item 7.01, including the referenced exhibit, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by reference to such filing.
| Item 9.01 | FinancialStatements and Exhibits. |
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(d) Exhibits. The following exhibits are furnished or filed with this report, as applicable:
| Exhibit No. | Description |
|---|---|
| 99.1 | Press Release, dated September 24, 2025 |
| 104 | Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document |
Cautionary Statement
With the exception of historical matters, the press release contains forward-looking statements under the Private Securities Litigation Reform Act of 1995, including estimates, forecasts, and expectations about future events. These are based on reasonable assumptions but subject to uncertainties like market fluctuations, mining risks, political/economic factors in foreign operations, permitting delays, capital market conditions, environmental hazards, mineral calculations, and foreign exchange volatility. Actual results may differ materially. See McEwen Inc.'s Annual Report on Form 10-K for the year ended December 31, 2024, and other filings with the Securities and Exchange Commission, under the caption "Risk Factors" for additional information on risks, uncertainties and other factors relating to the forward-looking statements and information regarding the Company. The company undertakes no obligation to update these statements except as required by law. All forward-looking information is qualified by this cautionary statement.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| McEWEN INC. | ||
|---|---|---|
| Date: September 26, 2025 | By: | /s/ Carmen Diges |
| Carmen Diges, General Counsel |
Exhibit99.1
IFCSupports McEwen Copper Through
Key Collaboration Towards Sustainable Financingfor Los Azules
SanJuan, Argentina and Toronto, Canada – September 24, 2025 – The International Finance Corporation (IFC), a member of the World Bank Group, and McEwen Copper Inc., a subsidiary of McEwen Inc. (NYSE: MUX) (TSX: MUX), have signed a collaboration agreement to support aligning the Los Azules copper project with IFC’s environmental, social, and governance (ESG) standards for potential future debt and equity financing, an important milestone in McEwen Copper’s broader financing strategy for the project.
Situated in Argentina's San Juan province, Los Azules is one of the world's largest undeveloped copper deposits. The project has secured Environmental Impact Declaration (EIA) approval, and its feasibility study is slated for completion by October 2025. McEwen Copper has also applied for Argentina's Large Investment Incentive Regime (RIGI). Upon completion of final engineering and securing financing, Los Azules is positioned to begin construction, underscoring the company's dedication to sustainable mining practices that drive economic growth, job creation, and social development in San Juan and beyond.
The agreement emphasizes integrating IFC’s Performance Standards on Environmental and Social Sustainability into Los Azules' development. This initiative is intended to de-risk the project, align it with the criteria required for international investors, and support Argentina's mining sector by promoting greater transparency, reduced carbon emissions, and community benefits.
"Weare pleased to be collaborating with McEwen Copper on the Los Azules project, to help it align with IFC Performance Standards and laythe ground for international project financing,” stated Manuela Adl, IFC’s Senior Country Manager for Argentina.“Through this project, IFC also seeks to encourage greater investment in Argentina’s mining sector and support its sustainabledevelopment. The World Bank Group is supporting Argentina to unlock its mining and metals industry potential in a sustainable way, maximizepositive impacts for the country, create jobs, and support local economic development, including FX revenues."
"ThisIFC collaboration is a game-changer for Los Azules—it will help us align with top-tier sustainability standards while paving theway for IFC as a potential lead lender and equity partner, driving value for shareholders and Argentina alike," commentedRob McEwen, Chairman and Chief Owner of McEwen Inc.
***"We'reexcited to collaborate with IFC experts to embed IFC’s Performance Standards into our design and operations. This proactive ESGintegration, paired with a solid financing framework, bolsters Los Azules' path to success and elevates its appeal to global investors,"***added Michael Meding, VP & General Manager of McEwen Copper.
AboutIFC
IFC—a member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. Operating in over 100 countries, IFC leverages capital, expertise, and influence to foster markets and opportunities in developing nations. In fiscal year 2025, IFC committed a record $71.7 billion to private companies and financial institutions, mobilizing private capital for poverty reduction on a livable planet. Visit www.ifc.org.
IFCContact in Buenos Aires, Argentina
James Gatica Matheson +54 911 5710 2095 jgaticamatheson@ifc.org
AboutMcEwen Inc.
McEwen Inc. is a gold and silver producer with operations in the Americas: Nevada (USA), Canada, Mexico, and Argentina. In addition, the company holds 46.4% of McEwen Copper, developer of the advanced-stage Los Azules copper project. Los Azules aims to be Argentina's first regenerative copper mine, targeting carbon neutrality by 2038. A June 2023 Preliminary Economic Assessment (PEA) estimates a $2.7 billion after-tax NPV (8%) at $3.75/lb Cu, a 27-year mine life, and copper resources of 10.9 billion lbs at 0.40% Cu Indicated plus 26.7 billion lbs at 0.31% Cu Inferred. For PEA details, visit McEwen's press release.
The company’s shares are publicly traded on the New York Stock Exchange (NYSE) and the Toronto Stock Exchange (TSX) under the symbol "MUX".
AboutMcEwen Copper
McEwen Copper Inc. owns 100% of the Los Azules copper project in San Juan, Argentina, and the Elder Creek copper-gold project in Nevada, USA. Ranked among the top 10 undeveloped copper deposits globally by Mining Intelligence (2022), Los Azules is being designed to be distinctly different from conventional copper mines by consuming significantly less water, emitting much lower carbon, and operating on 100% renewable electricity.
CautionConcerning Forward-Looking Statements
This news release contains forward-looking statements under the Private Securities Litigation Reform Act of 1995, including estimates, forecasts, and expectations about future events. These are based on reasonable assumptions but subject to uncertainties like market fluctuations, mining risks, political/economic factors in foreign operations, permitting delays, capital market conditions, environmental hazards, mineral calculations, and foreign exchange volatility. Actual results may differ materially. See McEwen Inc.'s Form 10-K for the year ended December 31, 2024, and other SEC filings under "Risk Factors" for details. The company undertakes no obligation to update these statements except as required by law. All forward-looking information is qualified by this cautionary statement.
TheNYSE and TSX have not reviewed and do not accept responsibility for this release's adequacy or accuracy, prepared by McEwen Inc. management.
McEwenInc. Investor Contact
Mihaela Iancu (866)-441-0690 toll free line, ext. 320, info@mcewenmining.com