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FAQ: McEwen Inc. Completes Business Combination With Canadian Gold Corp.
TL;DR
McEwen gains full ownership of the Tartan project through its acquisition of Canadian Gold, strengthening its portfolio with a promising gold asset for potential competitive advantage.
McEwen acquired Canadian Gold via a statutory plan of arrangement, exchanging each share for 0.0225 McEwen shares following shareholder and court approvals in December 2025.
McEwen's Los Azules copper project aims to be carbon neutral by 2038, contributing to more sustainable mining practices for a better environmental future.
McEwen's chairman invests over $200 million personally and takes a $1 annual salary, uniquely aligning his interests directly with shareholder success.
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The announcement covers the completion of McEwen Inc.'s business combination with Canadian Gold Corp., where McEwen acquired Canadian Gold through a statutory plan of arrangement.
Each Canadian Gold common share was exchanged for 0.0225 shares of McEwen common stock through an arm's-length arrangement under the Business Corporations Act (British Columbia).
Shareholder approval occurred on December 5, 2025, with final court approval granted by the Supreme Court of British Columbia, leading to the completion of the business combination.
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.
Los Azules is a large, long-life, advanced-stage copper development project in Argentina designed to be one of the world's first regenerative copper mines and carbon neutral by 2038, with McEwen holding a 46.4% interest valued at approximately US$456 million.
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 and share value, having previously built Goldcorp Inc.
The latest news and updates are available in the company's newsroom at https://ibn.fm/MUX, and the full press release can be viewed at https://ibn.fm/u1trt.
This transaction expands McEwen's asset portfolio with the Tartan project, potentially enhancing exploration and production capabilities while consolidating ownership under a company with established mining operations and a significant copper development project.
Curated from InvestorBrandNetwork (IBN)
