McEwen Inc. and Canadian Gold Corp. Announce Closing of Arrangement

Core Viewpoint - McEwen Inc. and Canadian Gold Corp. have successfully completed a business combination, enhancing McEwen's position in the gold mining sector and providing Canadian Gold shareholders with McEwen shares as part of the arrangement [1][2]. Business Combination Details - The business combination was approved by Canadian Gold shareholders on December 5, 2025, and received final court approval on December 10, 2025 [1]. - The arrangement became effective on January 5, 2026, with Canadian Gold shareholders receiving 0.0225 McEwen shares for each Canadian Gold share held [2]. Delisting and Reporting Changes - Canadian Gold shares are set to be delisted from the TSX Venture Exchange after market close on January 7, 2026, and the company will apply to cease being a reporting issuer [3]. Management Statements - Rob McEwen, Chairman and Chief Owner, expressed optimism about the exploration and development potential of the Tartan project, aiming to enhance shareholder value through accelerated exploration and mine planning [4]. Amending Agreement - An amending agreement was established to address New York Stock Exchange requirements, allowing Rob McEwen to exchange his Canadian Gold shares for subscription receipts instead of McEwen shares [5][6]. - The amendments specifically apply to Mr. McEwen and do not alter the consideration for other Canadian Gold shareholders [7]. Shareholder Information - Canadian Gold shareholders must deposit their share certificates to receive McEwen shares, with instructions provided in the information circular dated October 30, 2025 [9][10]. Company Overview - McEwen operates in the Americas, focusing on gold and silver production, and has a significant interest in the Los Azules copper development project in Argentina, valued at approximately US$456 million [12][13]. - The Los Azules project aims to be a regenerative copper mine and achieve carbon neutrality by 2038 [14].