The government announced the first licensing round for seabed minerals on the Norwegian continental shelf for public consultation.

Two native village corporations had sued the Environmental Protection Agency for its veto against the proposed mine.

The metal has shed 14% since rocketing to a record above $11,000 a ton in May.

News comes years after the Ministry of Energy and Mines first ordered a now-bankrupt junior to clean up an acid rock drainage problem at the mine near Atlin, British Columbia.

Rising global exchange stocks of copper have damped bullish spirits.

McEwen is currently working on a bankable feasibility study for Los Azules, due by the end of the first quarter of 2025.

The net amounts raised by both types of flow-through shares will be used for exploration expenses in the Yukon Territory.