McEwen Mining: Have You Heard of the Largest Incentive Prize in History?

Rhea-AI Summary

McEwen Mining (MUX) announces its involvement with the XPRIZE Foundation's $100 million Carbon Removal challenge, funded by Elon Musk. This initiative aims to combat climate change by encouraging innovative ideas to reduce CO₂ emissions. Rob McEwen, Chairman of McEwen Mining and XPRIZE board member, encourages global participation in this competition.

McEwen Mining operates in the Americas, focusing on gold, silver, and copper production. The company emphasizes environmental responsibility and innovation in mining.

Positive

• Engagement with the XPRIZE Foundation, enhancing brand visibility.
• Participation in a high-profile initiative aimed at climate change, positioning the company as a responsible corporate citizen.
• Potential for innovative solutions that may benefit mining operations and environmental impact.

Negative

• None.

TORONTO, Feb. 11, 2021 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (the “Company” or “McEwen”) (NYSE and TSX: MUX) wants you to know about of the world’s largest ever incentive prize of $100 million.

“As a proud member of the XPRIZE Foundation’s Vision Circle, I am helping spread the extraordinary news of their newest and boldest challenge ever, XPRIZE Carbon Removal at https://www.xprize.org/prizes/elonmusk, which is aimed at tackling the biggest threats facing humanity — climate change and the imbalance in Earth’s carbon cycle. Elon Musk and the Musk Foundation are funding this unprecedented $100 million prize purse. Elon is a great friend of XPRIZE and a former Trustee and Vision Circle member.

This competition is open to everyone in the world! I urge you to start thinking about how to remove, reduce, dilute CO₂ in our atmosphere and oceans. Remember that we all possess the biggest gold mine for ideas on earth and it is located right between each of our ears. Let your imagination run with creative solutions and collectively we will create a better world. And who knows, maybe you will win the $50 Million 1^st place prize!” commented Rob McEwen, Chairman & Chief Owner of McEwen Mining and member of the XPRIZE Board of Trustees and Vision Circle.

^{The NYSE and TSX have not reviewed and do not accept responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by management of McEwen Mining Inc.}

ABOUT MCEWEN MINING

McEwen Mining is a diversified gold and silver producer and explorer focused in the Americas with operating mines in Nevada, Canada, Mexico and Argentina. It also owns a large copper deposit in Argentina.

CONTACT INFORMATION:  

Investor Relations:	Website: www.mcewenmining.com	150 King Street West
(866)-441-0690 Toll Free		Suite 2800, P.O. Box 24
(647)-258-0395	Facebook: facebook.com/mcewenmining	Toronto, ON, Canada
	Facebook: facebook.com/mcewenrob	M5H 1J9
Mihaela Iancu ext. 320
	Twitter: twitter.com/mcewenmining
info@mcewenmining.com	Twitter: twitter.com/robmcewenmux
	Instagram: instagram.com/mcewenmining

FAQ

What is the $100 million Carbon Removal challenge announced by McEwen Mining (MUX)?

The challenge, funded by Elon Musk, aims to encourage innovative solutions to reduce atmospheric CO₂ emissions and combat climate change.

Who is funding the XPRIZE Carbon Removal challenge related to McEwen Mining (MUX)?

The challenge is funded by Elon Musk and the Musk Foundation.

How does McEwen Mining (MUX) contribute to climate change initiatives?

McEwen Mining is a member of the XPRIZE Foundation’s Vision Circle and promotes the Carbon Removal challenge, encouraging global participation.

What are McEwen Mining's operations focused on?

McEwen Mining focuses on gold and silver production and exploration, with additional interests in copper deposits in the Americas.