This article has been disseminated on behalf of McEwen Inc. and may include paid advertising.
McEwen (NYSE: MUX) (TSX: MUX) announced agreements to acquire an approximately 31% equity interest in Britannia Mining Solutions Inc., operating as Paragon Geochemical Laboratories Inc., a leading provider of advanced analytical services for the mining sector. Paragon is recognized for its use of PhotonAssay(TM), a rapid, accurate, and non-destructive technology for assaying precious and base metals that offers significant advantages over traditional fire assays. McEwen employs PhotonAssay(TM) in its exploration programs at the Fox Complex in Ontario and the Gold Bar Mine Complex in Nevada. The transaction, valued at CDN$15.3 million, will be completed through the purchase of 648,002 Paragon shares from Britannia Life Sciences Inc. and 226,286 shares via a private placement, both at CDN$17.50 per share and payable in McEwen stock.
To view the full press release, visit https://ibn.fm/el49Y
About McEwen
McEwen provides its shareholders with exposure to gold, copper and silver in the Americas through its three mines located in the USA, Canada and Argentina and its large advanced-stage copper development project in Argentina. It also has a gold and silver mine on care and maintenance in Mexico. Its Los Azules copper project aims to become one of the world’s first regenerative copper mines and is committed to carbon neutrality by 2038.
McEwen’s shares are publicly traded on the New York Stock Exchange (NYSE) and the Toronto Stock Exchange (TSX) under the symbol “MUX”.
NOTE TO INVESTORS: The latest news and updates relating to MUX are available in the company’s newsroom at https://ibn.fm/MUX
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