Curated News
By: NewsRamp Editorial Staff
January 06, 2026
McEwen Acquires Canadian Gold, Gains Tartan Project in Strategic Move
TLDR
- McEwen's acquisition of Canadian Gold provides full ownership of the Tartan project, offering strong exploration and production restart potential for competitive advantage.
- McEwen acquired Canadian Gold through a statutory plan of arrangement, exchanging each share for 0.0225 McEwen shares following shareholder and court approvals.
- McEwen's Los Azules copper project aims to be carbon neutral by 2038, advancing sustainable mining practices for a better environmental future.
- McEwen's Chairman Rob McEwen invests over $200 million personally but takes only a $1 annual salary, aligning his interests with shareholders.
Impact - Why it Matters
This acquisition matters because it consolidates McEwen's position in the mining industry, potentially boosting its resource base and operational efficiency. For investors, it signals growth through strategic mergers, enhancing McEwen's portfolio with the Tartan project's exploration potential and aligning with Chairman Rob McEwen's goal of increasing profitability and share value. In the broader context, it reflects ongoing consolidation in the mining sector, which can lead to improved economies of scale and stronger market competitiveness. For stakeholders, it highlights McEwen's commitment to sustainable practices, as seen in its Los Azules copper project aiming for carbon neutrality, addressing environmental concerns in resource extraction. This move could influence stock performance and sector trends, making it relevant for those tracking mining investments and corporate expansions.
Summary
McEwen Inc., a mining company trading on both the NYSE and TSX under ticker MUX, has successfully completed its acquisition of Canadian Gold Corp. through a statutory plan of arrangement under the Business Corporations Act (British Columbia). This strategic move, finalized after shareholder approval on December 5, 2025, and court approval by the Supreme Court of British Columbia, involved exchanging each Canadian Gold common share for 0.0225 shares of McEwen common stock. As a result, Canadian Gold is expected to be delisted from the TSX Venture Exchange and cease being a reporting issuer, while McEwen gains full ownership of the Tartan project, which management believes offers strong exploration, development, and production restart potential. For more details, readers can view the full press release.
The acquisition significantly enhances McEwen's portfolio, which already includes gold and silver production in Nevada, Ontario, and Argentina, plus a 46.4% interest in McEwen Copper, owner of the large, long-life Los Azules copper development project in Argentina. This project is designed to be one of the world's first regenerative copper mines and carbon neutral by 2038, with its Feasibility Study results announced in a press release dated October 7, 2025. Chairman and Chief Owner Rob McEwen, who has invested over US$200 million personally and takes a $1 annual salary, aims to build profitability and share value, aligning his interests with shareholders. The company's newsroom provides the latest updates relating to MUX.
This news was disseminated via InvestorWire, a specialized communications platform within the Dynamic Brand Portfolio at IBN, which offers advanced wire-grade press release syndication and corporate communications solutions. InvestorWire enhances press release distribution to reach target markets and demographics efficiently, including article and editorial syndication to over 5,000 outlets and social media distribution via IBN to millions of followers. For more information, visit the InvestorWire website, where full terms of use and disclaimers apply to all content provided. This acquisition underscores McEwen's growth strategy in the mining sector, leveraging its expertise and resources to expand its asset base and drive future value for investors.
Source Statement
This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, McEwen Acquires Canadian Gold, Gains Tartan Project in Strategic Move
