TNR Gold Corp (TSX-V:TNR, OTC:TRRXF) announced that McEwen Mining Inc has provided an update on the Los Azules copper, gold and silver project in San Juan, Argentina.
TNR holds a 0.4% net smelter returns (NSR) royalty on the Los Azules project.
"The International Finance Corporation (IFC), a member of the World Bank Group, and McEwen Copper Inc., a subsidiary of McEwen Inc, 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," McEwen Mining stated in a news release issued on September 24, 2025.
"This IFC collaboration is a game-changer for Los Azules-it will help us align with top-tier sustainability standards while paving the way for IFC as a potential lead lender and equity partner, driving value for shareholders and Argentina alike," McEwen Mining chairman Rob McEwen commented.
McEwen Mining reported previously that exploration on the Los Azules project has generated three other nearby copper targets, which will be drilled in late fall of 2025.
The company added that it is also advancing towards publishing a Feasibility Study on Los Azules in late third quarter 2025.