McEwen Inc. to Acquire Canadian Gold Corp. in All-Share Deal Valued at C$0.60 Per Share

McEwen Inc. (NYSE: MUX) (TSX: MUX) has entered into a definitive agreement to acquire Canadian Gold Corp. (TSX-V: CGC) through an all-share transaction valued at C$0.60 per share, representing a substantial 96.7% premium to Canadian Gold's prior closing price. The acquisition, expected to close in early January 2026, will make Canadian Gold a wholly owned subsidiary of McEwen, providing shareholders with enhanced exposure to a diversified portfolio of producing assets and development projects across the Americas.

The strategic importance of this transaction lies in the addition of Canadian Gold's high-grade Tartan Lake Gold Mine Project in Manitoba to McEwen's development pipeline. This acquisition significantly enhances McEwen's growth profile while creating operational synergies across its existing portfolio. For investors, the premium valuation demonstrates McEwen's confidence in the value proposition of Canadian Gold's assets and represents an attractive exit opportunity for Canadian Gold shareholders.

McEwen's existing portfolio includes gold and silver production assets located in prolific mineral-rich regions, including the Cortez Trend in Nevada, the Timmins district of Ontario, and the Deseado Massif in Santa Cruz province, Argentina. The company is also considering reactivating a gold and silver mine in Mexico. Additionally, McEwen holds a 46.4% interest in the advanced-stage Los Azules copper development project in San Juan province, Argentina, which is designed to be one of the world's first regenerative copper mines and carbon neutral by 2038. The latest news and updates relating to MUX are available in the company's newsroom at https://ibn.fm/MUX.

This acquisition matters to the mining industry and investors because it represents consolidation in the gold sector at a significant premium, indicating strong confidence in the underlying assets. The transaction provides Canadian Gold shareholders with exposure to McEwen's diversified portfolio while giving McEwen access to high-grade gold development assets in a stable mining jurisdiction. The timing of the acquisition, with completion expected in early 2026, allows for proper integration and development planning during a period of continued gold price strength.

For the broader mining sector, this deal signals continued interest in high-quality gold assets in established mining districts like Manitoba. The premium paid suggests that well-located, high-grade gold projects remain valuable despite market fluctuations. Investors should monitor how McEwen integrates the Tartan Lake project into its existing development timeline and whether similar consolidation opportunities might emerge in the junior gold mining space. The full press release detailing the transaction terms can be viewed at https://ibn.fm/wHFAA.