SAMARIUM
AboutServices

samarium.dev
a software development company

McEwen Advances Projects, Strong Financing, Notable Drilling

1/28/2026, 5:14:22 PM

Mining

McEwen reports project milestones, robust copper feasibility, strong CEO investment and significant drilling and resource gains as production scales.

Shares in McEwen Inc. rose on Jan. 28, 2026, up roughly 4.4% on the NYSE to $29.21 (volume 619,088) and about 4.2% on the TSX to $39.64 (volume 52,561).

Operationally, the company is progressing major growth projects. Mill construction at the Fénix project is slated for mid-2026 with first gold expected mid-2027, and management targets roughly doubling production by 2030 while pursuing cost reductions and efficiency gains.

Los Azules, the company’s copper asset, completed a feasibility study that underpins a robust, long-life copper development and supports the company’s push into green, multigenerational copper production.

Exploration updates include a significant Gold Bar intercept — 5.55 g/t Au over 44.2 metres — and a Grey Fox resource increase of about 23%, with indicated resources now near 1.9 million ounces and inferred roughly 436,000 ounces; a prefeasibility study for Grey Fox is planned for Q2 2026.

Leadership and alignment remain a focus: CEO financial commitments exceeding $200 million and founder Rob McEwen’s roughly 17% ownership underscore insider alignment as McEwen scales toward higher output.

Related Articles

Monte Alto Ore Sorting Boosts Brazilian Rare Earths Momentum
2/10/2026

Brazilian Rare Earths reports breakthrough ore sorting results at Monte Alto, driving share gains amid volatile rare earths sentiment. Trading activity spikes on positive technical news, though broader pressures weigh on price.

St George Mining's Araxá Drilling Fuels Share Surge
2/10/2026

St George Mining (ASX:SGQ) shares have experienced heightened volatility amid stellar drilling results from the Araxá rare earths and niobium project in Brazil, boosting trading volumes and drawing bullish analyst attention despite recent pullbacks.

American Rare Earths Advances Halleck Creek Amid U.S. Policy Tailwinds
2/10/2026

American Rare Earths Limited has reported key technical milestones at its Halleck Creek project, including rare earth oxide production and test mining, while targeting a 2026 Pre-Feasibility Study and mining permit submission. Mixed price reactions persist despite positive news, buoyed by rising rare earth prices and U.S. critical minerals support.

Ucore Rare Metals Stock Surges on Policy Tailwinds
2/10/2026

Ucore Rare Metals shares jumped nearly 15% amid U.S. critical minerals initiatives, though analyst ratings remain cautious with sell and hold recommendations. Trading volume spiked, reflecting volatile sentiment in the rare earth sector, while company updates highlight Louisiana plant progress.

Lynas Rare Earths Navigates Price Surge Amid Policy Shifts
2/10/2026

Lynas Rare Earths shares have seen heightened volatility driven by soaring rare earth prices, analyst upgrades, and mixed geopolitical signals, with recent U.S. funding to competitors adding pressure despite strong operational momentum.