This article has been disseminated on behalf of McEwen Inc. and may include paid advertising.
McEwen Inc. (NYSE: MUX) (TSX: MUX) on Wednesday announced that it has entered into a definitive agreement to acquire all issued and outstanding shares of Golden Lake Exploration Inc. (CSE: GLM) by way of a court-approved plan of arrangement, under which Golden Lake would become a wholly owned subsidiary of McEwen. Golden Lake’s principal assets are the 100%-owned Jewel Ridge and Jewel Ridge West projects in Nevada’s Eureka Mining District, 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 and a 60% premium to Golden Lake’s 20-day VWAP as of Jan. 26, 2026, with Golden Lake shareholders expected to own approximately 0.5% of the combined company upon completion. The transaction is subject to shareholder, court, and regulatory approvals, with closing targeted following a special meeting expected in March 2026.
To view the full press release, visit https://ibn.fm/2LLrF
About McEwen Inc.
McEwen Inc. is a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina. In addition, the company owns approximately 47.7% of McEwen Copper, which is developing the large, advanced-stage Los Azules copper project in Argentina. The company’s goal is to improve the productivity and life of its assets with the objective of increasing the share price and providing a yield. Rob McEwen, chair and chief owner, has a personal investment in the company of $220 million and takes an annual salary of $1. For more information, visit the company’s website at www.McEwenMining.com
NOTE TO INVESTORS: The latest news and updates relating to MUX are available in the company’s newsroom at http://ibn.fm/MUX
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