McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) is ‘One to Watch’ as AI Drives Demand for Gold, Silver and Copper

• Well positioned to capitalize on the surging demand for crucial minerals in the AI industry.
• An asset rich gold and silver producer with large exposure to copper.
• Guided by Rob McEwen, a mining legend and pioneer with a proven track record and significant ownership stakes in McEwen Mining and McEwen Copper subsidiary.
• McEwen Copper’s Los Azules project is among the world’s largest and most economically robust undeveloped copper projects.
• Changing the mining paradigm and minimizing environmental impact by utilizing exceptionally responsible mining practices.

McEwen Mining (NYSE: MUX) (TSX: MUX) is an asset rich diversified gold and silver producer in the Americas with a large exposure to copper through its subsidiary, McEwen Copper, owner of the Los Azules copper deposit in Argentina, hailed as the 8th largest undeveloped copper resource in the world. Founded by industry veteran Rob McEwen, the company is dedicated to responsible mining practices, innovative exploration, and strategic development while driving growth through excellence in execution and stewardship of natural resources.

Seldom is management so aligned with investors’ interests and committed to the company’s success. With a combined investment of over $225 million, CEO Rob McEwen holds a 16% ownership stake in McEwen Mining and a 13% ownership in McEwen Copper. Acclaimed in the mining industry, McEwen founded Goldcorp, where he increased the company’s market capitalization 160 times – from $50 million to over $8 billion. The same McEwen vision and certitude have guided McEwen Mining and the formation of McEwen Copper.

Commodities Critical for Continued AI Growth

The explosive growth of the artificial intelligence (“AI”) industry is inexorably linked to the availability of critical commodities such as gold, silver and copper. These materials are instrumental in the development and functioning of AI technologies, and McEwen Mining intends to play an increasingly important role in supplying these essential resources.

Gold: The Cornerstone of Electronic Components

• Exceptional Malleability and Ductility: Gold’s ability to be shaped and drawn into thin wires makes it ideal for intricate electronic components, including connectors and bonding wires used in AI systems.
• Durability and Reliability: Gold’s resistance to corrosion and tarnish ensures the longevity and reliability of electronic connections, which is crucial for the continuous operation of AI hardware.
• Advanced Fabrication: In cutting-edge AI applications, gold is used in the fabrication of connectors, bonding wires and other critical components that require precision and high performance.

Copper: The Backbone of AI Infrastructure

• Electrical and Thermal Conductivity: Copper’s exceptional electrical and thermal conductivity is essential for the wiring and cooling systems in AI hardware, including servers, data centers and supercomputers.
• Infrastructure Development: The construction of data centers, which are the backbone of AI data processing and storage, relies heavily on copper for electrical wiring, circuitry and cooling solutions.
• Energy Systems: Copper is a key component in renewable energy systems, such as wind turbines and solar panels, which are increasingly used to power data centers and other AI infrastructure sustainably.

Silver: The Unsung Hero of High-Tech Applications

• Key Role in Sensors and Connectors: Silver is critical in the production of sensors and connectors, which are essential for the reliable functioning of AI systems and data processing units.
• Photovoltaic Applications: Silver is a vital component in photovoltaic cells used in solar panels, which provide sustainable energy solutions for AI data centers around the world.
• Data Storage: Silver’s use in flash memory supports AI’s advancements in data storage applications, driving innovation in virtually every aspect of the space.

McEwen Mining’s Strategic Objectives

Strategically positioned in the critical minerals supply chain, McEwen Mining intends to capitalize on the increasing demand for gold, silver and copper as the technology industry continues to grow at record-breaking levels. The company’s operations across multiple mining regions help ensure a stable and reliable supply of these critical commodities.

• With significant gold mining operations in Nevada, Canada and Argentina, McEwen Mining contributes to the supply chain of essential materials needed for advanced electronic components in AI technologies.
• McEwen Copper’s activities at the Los Azules project in Argentina are building the foundation to support the infrastructure development necessary for AI data centers and renewable energy systems, underpinning the sustainable growth of the AI industry.
• McEwen Mining’s silver operations in Mexico and Argentina help ensure a consistent supply of this vital metal, supporting the high-tech applications integral to AI advancements.

Outlook

As the AI industry continues its meteoric expansion and evolution, the demand for gold, silver and copper is expected to rise nearly in lock-step. In fact, some analysts predict that this new tech-driven demand could play a key role in spurring the next supercycle in commodities. With decades of successful experience, McEwen Mining’s assets and vision places the company among the few key players able to deliver the critical minerals needed to support the technological advancements driving the AI revolution. Investors can look to McEwen Mining not only for its potential in the precious metals market but also for its critical role in enabling the future of artificial intelligence.

By providing the essential materials required for AI technologies, McEwen Mining ensures that the growth and innovation in the AI sector are well-supported, fostering a sustainable and technologically advanced future.

For more information, visit the company’s website at www.McEwenMining.com.

NOTE TO INVESTORS: The latest news and updates relating to MUX are available in the company’s newsroom at http://ibn.fm/MUX

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