McEwen Inc. has entered into a definitive agreement to acquire all issued and outstanding shares of Golden Lake Exploration Inc. through a court-approved plan of arrangement. The acquisition will make Golden Lake a wholly owned subsidiary of McEwen, consolidating adjacent properties in Nevada's Eureka Mining District. Golden Lake's principal assets are the 100%-owned Jewel Ridge and Jewel Ridge West projects, which are located adjacent to McEwen's Windfall and Lookout Mountain discoveries within the Gold Bar Mine Complex.
Under the proposed transaction, Golden Lake shareholders would receive 0.003876 McEwen shares per Golden Lake share, representing an implied price of C$0.12 per share. This represents a 60% premium to Golden Lake's 20-day volume-weighted average price as of January 26, 2026. Upon completion of the transaction, Golden Lake shareholders are expected to own approximately 0.5% of the combined company. The transaction is subject to shareholder, court, and regulatory approvals, with closing targeted following a special meeting expected in March 2026.
This acquisition is significant because it consolidates adjacent properties in a productive mining district, potentially creating operational efficiencies and synergies for McEwen's existing Gold Bar Mine Complex. By acquiring Golden Lake's Jewel Ridge and Jewel Ridge West projects, McEwen can potentially expand its resource base and extend the life of its Nevada operations. The premium offered to Golden Lake shareholders reflects the strategic value of these adjacent properties to McEwen's existing operations.
The transaction demonstrates continued consolidation in the mining sector, particularly in established mining districts where adjacent properties can create value through operational synergies. For investors, this represents a premium exit opportunity for Golden Lake shareholders while potentially enhancing McEwen's asset portfolio in a key mining jurisdiction. The Gold Bar Mine Complex in Nevada represents an important part of McEwen's production portfolio, and this acquisition could strengthen its position in the region.
McEwen Inc. is a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina. The company also owns approximately 47.7% of McEwen Copper, which is developing the large, advanced-stage Los Azules copper project in Argentina. Additional information about the company is available at https://www.McEwenMining.com. The latest news and updates relating to McEwen Inc. are available in the company's newsroom at http://ibn.fm/MUX.
The full press release detailing this acquisition can be viewed at https://ibn.fm/2uHsW. This announcement was disseminated through Rocks & Stocks, a specialized communications platform delivering insights into the mining industry that is part of the Dynamic Brand Portfolio at IBN. More information about Rocks & Stocks is available at https://RocksAndStocks.news, with full terms of use and disclaimers available at https://RocksAndStocks.news/Disclaimer.
