McEwen Boosts Inventus Stake to 12.7% with C$1.1M Share Purchase

McEwen Inc. (NYSE: MUX) (TSX: MUX) has increased its stake in Inventus Mining Corporation, acquiring 9.2 million common shares through the exercise of warrants at C$0.12 per share for total consideration of C$1.104 million. The transaction, completed on November 4, 2026, raised McEwen’s holdings from 20 million shares (approximately 9% of outstanding shares) to 29.2 million shares, representing 12.7% of Inventus. McEwen stated that the shares were acquired for investment purposes and that it may purchase additional securities or dispose of existing holdings depending on market conditions and other factors. The company will file an Early Warning Report under applicable securities laws.

McEwen is a mining company that provides shareholders with exposure to a growing base of gold and silver production, as well as a large copper development project, all in the Americas. Its gold and silver mines are located in prolific mineral-rich regions, including the Cortez Trend in Nevada, the Timmins district of Ontario, Flin Flon in Manitoba, and the Deseado Massif in Santa Cruz province, Argentina. The company is also reactivating its gold-silver El Gallo Mine in Mexico. McEwen holds a 46.3% interest in McEwen Copper, which owns the large, long-life, advanced-stage Los Azules copper development project in San Juan province, Argentina. According to the last financing for McEwen Copper, the implied value of McEwen’s ownership interest is US$456 million (US$7.67 per share). The Los Azules project is designed to be one of the world’s first regenerative copper mines and carbon neutral by 2038, with Feasibility Study results announced in a press release dated October 7, 2025.

In addition, McEwen recently purchased 27.3% of Paragon Advanced Labs Inc., a newly listed public company deploying PhotonAssay units worldwide, a technology that McEwen believes is poised to become the new industry standard for assaying precious and base metals. Chairman and Chief Owner Rob McEwen has invested over US$250 million personally and takes a salary of $1 per year, aligning his interests with shareholders. He is a recipient of the Order of Canada, a member of the Canadian Mining Hall of Fame, and a winner of the EY Entrepreneur of the Year (Energy) award. His objective is to build MUX’s profitability, share value, and ultimately implement a dividend policy, as he did while building Goldcorp Inc. The latest news and updates relating to MUX are available in the company’s newsroom at https://ibn.fm/MUX.