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Announced

Completed

Stellantis completed the $150m investment in McEwen Copper.

Financials

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Transaction Value£125m
Consideration TypeCash
Capital Owned-
Capital Bid For14%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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mineral properties

mining company

Minority

General Mining

Cross Border

Private

Acquisition

Completed

Friendly

Canada

Single Bidder

Synopsis

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Stellantis, one of the world’s largest automakers and mobility providers, completed the $150m investment in McEwen Copper, which holds 100% interest in the Los Azules copper project in San Juan, Argentina and the Elder Creek project in Nevada, USA. "We are delighted to have Stellantis as a partner in the future development of our Los Azules copper project. Together, we share a vision to build a mine for the future based on regenerative principles that can achieve net-zero carbon emissions by 2038. We are committed to delivering green copper to Argentina and the world, a product that will contribute to the electrification of transportation and the protection of our atmosphere," Rob McEwen, McEwen Copper CEO.

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