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McEwen (MUX) Just Unveiled Something That Could Change Its 2030 Outlook

McEwen Inc. (NYSE:MUX) is among the 9 Fastest Growing Rare Earth Stocks to Invest In.

On March 23, McEwen Inc. (NYSE:MUX) reported an updated Mineral Resource Estimate for its Tartan Mine Project in Manitoba, outlining 308,900 indicated gold ounces and 302,700 inferred ounces. The company highlighted significant upside potential through additional drilling along the Western and Eastern flanks of the Main Zone, vertical expansion at the Main and South Zones, and exploration at the adjacent Tartan West property. The project is central to McEwen’s long-term strategy of doubling production to 250,000–300,000 gold ounces by 2030, with initial annual production expected at approximately 30,000 ounces and potential expansion to 45,000–55,000 ounces through increased mill capacity.

On March 18, Roth Capital raised its price target on McEwen Inc. (NYSE:MUX) to $35 from $30 while maintaining a Buy rating, citing improved valuation driven by updated net present value estimates for the Los Azules copper project. Despite mixed Q4 results, the firm sees strengthening fundamentals tied to rising copper prices and long-term optionality embedded within McEwen’s diversified asset base.

McEwen Inc. (NYSE:MUX) is a North America-focused precious metals and copper company with operations and development projects spanning Canada, Mexico, and Argentina. With a growing emphasis on scaling production and unlocking value from its copper exposure, particularly at Los Azules, the company offers investors a leveraged play on both gold and energy transition metals. As global demand for critical minerals accelerates, McEwen’s dual exposure to precious metals and copper positions it as a compelling growth story with meaningful long-term upside potential.

While we acknowledge the risk and potential of MUX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MUX and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 11 Undervalued Quantum Computing Stocks to Invest In and 14 Most Undervalued Cybersecurity Stocks to Invest In.

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The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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