McEwen Inc. Reports Strong Drill Results at Gold Bar Mine Complex, Advancing Nevada Gold Project

McEwen Inc. (NYSE: MUX) (TSX: MUX) has reported continued progress at its Gold Bar Mine Complex in Nevada, with recent drilling returning notable gold intercepts across three key areas: Lookout Mountain, Windfall and Unity Ridge. The results include 1.0 grams per tonne (gpt) gold over 89.9 meters at LM045, 4.6 gpt gold over 26.7 meters at WF055 and 3.6 gpt gold over 48.8 meters at GB660, underscoring the project's growth potential as the company works to increase resources, extend mine life and potentially boost annual gold production.

The importance of these drilling results lies in their potential to materially enhance the economic viability of the Gold Bar operation. By demonstrating substantial mineralized zones, McEwen can integrate these areas into its mine plan using existing infrastructure where possible, emphasizing capital efficiency. This approach reduces development costs and accelerates the timeline to production, which is particularly significant given the company's focus on advancing toward what it describes as a pivotal year for Gold Bar in 2026.

For investors and the mining industry, these developments represent a strategic expansion within a proven mining jurisdiction. Nevada's Cortez Trend, where Gold Bar is located, is one of the world's most prolific gold-producing regions, making resource additions there particularly valuable. The company's progress comes as McEwen also maintains a 46.4% interest in McEwen Copper, which owns the Los Azules copper development project in Argentina. According to the last financing for McEwen Copper, the implied value of McEwen's ownership interest is US$456 million, with Los Azules designed to be one of the world's first regenerative copper mines and carbon neutral by 2038, as detailed in the press release dated October 7, 2025.

The broader implications extend to global gold supply dynamics and investment opportunities in precious metals. As mining companies face increasing challenges in discovering new high-grade deposits, successful exploration and expansion of existing operations like Gold Bar become crucial for maintaining production levels. For shareholders, Chairman and Chief Owner Rob McEwen has invested over US$200 million personally and takes a salary of $1 per year, aligning his interests with shareholders as he works to build the company's profitability and share value, with eventual plans to implement a dividend policy similar to his approach while building Goldcorp Inc.

The latest news and updates relating to MUX are available in the company's newsroom at https://ibn.fm/MUX. These drilling results position McEwen to potentially increase its gold production profile in the coming years, contributing to the company's diversified portfolio of gold, silver and copper assets across the Americas while demonstrating the ongoing potential of established mining districts through targeted exploration and efficient development strategies.