Market News / Story
McEwen Inc. (MUX) To Sell Fuller & Paymaster For $55M
·
McEwen Inc. signed an agreement to sell the Fuller and Paymaster properties and a surface parcel for $55M, comprising $5M cash and $50M in Discovery Mining shares, subject to customary approvals. McEwen also monetized $13.5M of McEwen Copper debt. Material Details #DetailAI Analyst View1Sell assets for $55MNon-core monetization boosts capital for projects; deal scale is significant for MUX.2$5M cash, $50M sharesOnly $5M immediate cash; $50M in shares adds market risk…