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FAQ: McEwen Inc.'s Business Combination with Canadian Gold Corp.
TL;DR
McEwen's acquisition of Canadian Gold provides full ownership of the Tartan project, offering strong exploration and production restart potential for competitive advantage.
McEwen acquired Canadian Gold through a statutory plan of arrangement, exchanging each share for 0.0225 McEwen shares following shareholder and court approvals.
McEwen's Los Azules copper project aims to be carbon neutral by 2038, advancing sustainable mining practices for a better environmental future.
McEwen's Chairman Rob McEwen invests over $200 million personally but takes only a $1 annual salary, aligning his interests with shareholders.
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McEwen Inc. (NYSE: MUX, TSX: MUX) has completed its business combination with Canadian Gold Corp., acquiring Canadian Gold through a statutory plan of arrangement under British Columbia law.
Each Canadian Gold common share was exchanged for 0.0225 shares of McEwen common stock, following shareholder approval on December 5, 2025, and final court approval by the Supreme Court of British Columbia.
Canadian Gold is expected to be delisted from the TSX Venture Exchange and will seek to cease being a reporting issuer under applicable Canadian securities laws.
McEwen gains full ownership of the Tartan project, which management believes offers strong exploration, development, and production restart potential.
McEwen provides exposure to gold and silver production in Nevada, Ontario, and Argentina, plus a large copper development project in Argentina, and is considering reactivating a mine in Mexico.
McEwen has a 46.4% interest in McEwen Copper, which owns the Los Azules copper development project in Argentina, designed to be one of the world's first regenerative copper mines and carbon neutral by 2038.
Rob McEwen is Chairman and Chief Owner who has invested over US$200 million personally, takes a $1 annual salary, and aims to build profitability, share value, and eventually implement a dividend policy.
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 transaction is at https://ibn.fm/Zl7lj.
Curated from InvestorBrandNetwork (IBN)
