FAQ: McEwen Inc.'s Acquisition of Canadian Gold Corp. - Key Details and Implications

What is the main announcement in this content?

McEwen Inc. (NYSE: MUX, TSX: MUX) has agreed to acquire all shares of Canadian Gold Corp. (TSX-V: CGC) in an all-share transaction valued at C$0.60 per share, representing a 96.7% premium to Canadian Gold’s prior closing price.

Why is this acquisition significant for shareholders?

The transaction offers Canadian Gold shareholders a 96.7% premium and provides exposure to McEwen’s diversified portfolio of producing assets and development projects, while McEwen gains the high-grade Tartan Lake Gold Mine Project in Manitoba.

How will the acquisition be structured?

The acquisition is structured as an all-share transaction, meaning Canadian Gold shareholders will receive McEwen shares rather than cash, with the deal valued at C$0.60 per Canadian Gold share.

When is the acquisition expected to be completed?

The transaction is expected to be completed in early January 2026, at which point Canadian Gold will become a wholly owned subsidiary of McEwen.

What key asset does McEwen gain through this acquisition?

McEwen gains the high-grade Tartan Lake Gold Mine Project located in Manitoba, which enhances McEwen’s growth profile and provides operational synergies with its existing portfolio.

What are McEwen’s current mining operations and projects?

McEwen operates gold and silver mines in Nevada’s Cortez Trend, Ontario’s Timmins district, and Argentina’s Deseado Massif, plus holds a 46.4% interest in the Los Azules copper development project in Argentina and is considering reactivating a mine in Mexico.

Who is Rob McEwen and what is his role in the company?

Rob McEwen is Chairman and Chief Owner of McEwen Inc., with a personal investment of over $200 million and a $1 annual salary, aligning his interests with shareholders. He aims to build profitability, share value, and eventually implement a dividend policy.

Where can investors find more information about McEwen?

The latest news and updates relating to MUX are available in the company’s newsroom at https://ibn.fm/MUX, and the full press release for this acquisition can be viewed at https://ibn.fm/wHFAA.

What makes the Los Azules copper project unique?

The Los Azules copper project in Argentina is designed to be one of the world’s first regenerative copper mines and is planned to be carbon neutral by 2038, representing a significant environmental initiative in mining.