McEwen Acquires Canadian Gold, Gains Tartan Project in Strategic Move

McEwen Inc., a mining company trading on both the NYSE and TSX under the ticker MUX, has successfully completed its acquisition of Canadian Gold Corp. through a statutory plan of arrangement. This strategic business combination, finalized after shareholder approval on December 5, 2025, and court approval from 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 promising Tartan project, which management believes offers strong exploration, development, and production restart potential. This move significantly expands McEwen's asset portfolio in the Americas.

McEwen provides shareholders with exposure to growing gold and silver production across prolific regions including Nevada's Cortez Trend, Ontario's Timmins district, and Argentina's Deseado Massif, while also considering reactivating a mine in Mexico. The company holds a 46.4% interest in McEwen Copper, which owns the advanced-stage Los Azules copper development project in Argentina—a large, long-life asset valued at approximately US$456 million based on recent financing. Notably, Los Azules is designed to be one of the world's first regenerative copper mines, targeting carbon neutrality by 2038, with feasibility study results detailed in a press release dated October 7, 2025. Chairman and Chief Owner Rob McEwen, who has personally invested over US$200 million and takes a symbolic $1 annual salary, aims to build profitability and shareholder value, drawing on his experience from building Goldcorp Inc.

This news was disseminated through the Investor Brand Network (IBN) and its specialized platform, Rocks & Stocks, which provides deep insights into the mining industry. Rocks & Stocks is part of IBN's Dynamic Brand Portfolio, offering extensive distribution through wire solutions, article syndication to over 5,000 outlets, press release enhancement, and social media reach. For more details, readers can view the full press release at https://ibn.fm/u1trt or access the latest updates on MUX at https://ibn.fm/MUX. This acquisition underscores McEwen's aggressive growth strategy in the resource sector, leveraging its expertise and robust project pipeline to enhance value for investors and stakeholders alike.