Core Insights - McEwen Inc. has announced final drill results for the Tartan Mine Project, which will be included in an upcoming Mineral Resource Estimate, expected by the end of February 2026, as the company aims to double production by 2030 [1][6] Exploration Results - Recent drill results from the Western Flank of the Tartan Mine Project include an intercept of 7.5 grams per tonne (gpt) gold over 18.9 metres, expanding gold mineralization beyond previous results [1][2] - Notable previous intercepts include 12.3 gpt gold over 14.0 metres and 8.2 gpt gold over 9.9 metres, indicating strong potential for further resource expansion [2][3] - The ongoing drilling aims to increase the number of ounces per vertical metre, which could enhance annual gold production and reduce costs [3] Resource Expansion - The strike length of the Main Zone has expanded from 100 metres near surface to approximately 150 metres at depth, with additional drill results showing 6.6 gpt gold over 7.0 metres and 4.9 gpt gold over 7.9 metres [3][4] - The company has budgeted $3 million for exploration at Tartan in 2026, with plans to increase this budget if strong results continue [4] Historical Context - The Tartan Mine, located in the Flin Flon Greenstone Belt, has a history of production starting in 1987, yielding approximately 47,000 ounces of gold before shutting down due to market conditions [5] - The last resource estimate in 2017 indicated 240,000 ounces of indicated resources at 6.32 gpt gold and 37,000 ounces of inferred resources at 4.89 gpt gold [5] Strategic Importance - Tartan is viewed as a high-grade gold project with significant growth potential, contributing to the company's goal of doubling production by 2030 [6] - The company aims to leverage existing mine infrastructure to keep capital costs low and develop the mine in phases [6]

Core Insights - McEwen Inc. has announced final drill results for the Tartan Mine Project, which will be included in an upcoming Mineral Resource Estimate, expected by the end of February 2026, as the company aims to double production by 2030 [1][6] Drill Results - Recent drill results include an intercept of 7.5 grams per tonne (gpt) gold over 18.9 metres, expanding gold mineralization along the Western Flank [1][2] - Previous notable results from late 2025 include 12.3 gpt gold over 14.0 metres and 8.2 gpt gold over 9.9 metres [2] - Additional drill results along the Western Flank returned 6.6 gpt gold over 7.0 metres and 4.9 gpt gold over 7.9 metres, expanding mineralization approximately 30 metres further to the west [3] Exploration and Investment - The company is budgeting $3 million for exploration at Tartan in 2026, with plans to increase this budget if strong results continue [4] - Exploration targets include the Eastern Flank of the Main Zone, depth within the Main Zone, the South Zone, and regionally along the Tartan Lake Shear Zone [4] - Since drilling resumed in 2023, 35 of the 39 drill holes (approximately 90%) have intersected potentially economic mineralization at the Main Zone [4] Historical Context - The Tartan Mine, located in the Flin Flon Greenstone Belt, began production in 1987 and produced approximately 47,000 ounces of gold before shutting down [5] - The last NI 43-101 resource estimate in 2017 indicated 240,000 ounces of indicated resources at 6.32 gpt gold and 37,000 ounces of inferred resources at 4.89 gpt gold [5] Strategic Importance - Tartan is viewed as a rare high-grade gold project in Canada with limited exploration from 1989 to 2023, and recent results are expected to drive growth [6] - The updated Mineral Resource Estimate and advancements in engineering and permitting are crucial for moving towards a production decision [6] - The company aims to leverage existing mine infrastructure and high-grade gold to keep capital costs low and develop the mine in phases [6]

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 [4]. - Immediate priorities include accelerating exploration, initiating mine plan engineering, and advancing production permitting [4]. Amending Agreement - An amending agreement was established to address NYSE requirements, affecting only Rob McEwen's shares, which will now be exchanged for subscription receipts instead of McEwen shares [5][6]. - If shareholder approval is not obtained for the subscription receipts, McEwen will provide cash as consideration [6]. 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 gold and silver production across the Americas, with significant projects in Nevada, Ontario, and Argentina, and is reactivating its El Gallo mine in Mexico [12]. - The company holds a 46.4% interest in McEwen Copper, which is developing the Los Azules copper project, valued at approximately US$456 million [13]. - The Los Azules project aims to be a regenerative copper mine and achieve carbon neutrality by 2038 [14].

Core Viewpoint - Canadian Gold Corp. has received overwhelming shareholder approval for its business combination with McEwen Inc., which is set to be completed through a statutory plan of arrangement under the Business Corporations Act of British Columbia [1][2]. Shareholder Approval - The Arrangement was approved by 99.998% of the votes cast by shareholders present in person or represented by proxy at the Meeting [2] - Additionally, 99.996% of disinterested shareholders voted in favor of the Arrangement, excluding 79,681,855 votes held by interested parties [2] - The total votes in favor represented approximately 64.79% of Canadian Gold's total issued and outstanding common shares [2] Arrangement Details - Under the terms of the arrangement agreement dated October 10, 2025, each holder of a common share of Canadian Gold will receive 0.0225 common shares of McEwen for each Canadian Gold Share held [3] - Canadian Gold has obtained conditional approval from the TSX Venture Exchange for the Arrangement, pending customary conditions [4] Timeline and Conditions - The final order from the British Columbia Supreme Court is anticipated around December 10, 2025, with the Arrangement expected to close on or about January 5, 2026, if all necessary approvals are obtained [5] - Completion of the Arrangement is subject to customary conditions, including court and stock exchange approvals [5] Company Background - Canadian Gold Corp. is focused on expanding the high-grade gold resource at the Tartan Mine in Flin Flon, Manitoba, which has a 2017 indicated mineral resource estimate of 240,000 oz gold [6] - The company also holds a 100% interest in exploration properties in Ontario and Quebec, adjacent to major gold mines [6] - McEwen holds a 5.6% interest in Canadian Gold, with Robert McEwen holding a 32.5% interest [6]

Core Viewpoint - Canadian Gold Corp. is advancing its Phase 4 drill program at the Tartan Mine, with promising results indicating potential for a mine restart, particularly in the Main Zone's Western Flank [1][3] Drilling Results - The drilling program has focused on three main areas: the Main Zone's Western Flank, the South Zone, and prospecting near the Tartan Mine [2] - Significant assay results from the Main Zone's Western Flank include 12.3 gpt gold over 14.0 metres, 8.2 gpt gold over 9.9 metres, and 10.7 gpt gold over 4.5 metres [3] - A total of 31 out of 35 holes (89%) have intersected potentially economic mineralization within the Main Zone since the start of the drilling program [4] South Zone Exploration - Drilling in the South Zone aims to expand resource size for higher production potential, with notable results including 5.2 gpt gold over 5.0 metres and 4.4 gpt gold over 4.0 metres [5] - TLSZ25-41 reported a significant intercept of 82.0 metres at 1.3 gpt Au, indicating the presence of higher-grade sections within broader mineralized envelopes [5] Near Mine Target Generation - Drill target generation on the Tartan West property has confirmed multiple areas of high-grade gold mineralization, with grab samples assaying up to 28.9 gpt gold [6] - The Tartan Shear presents significant exploration potential for hosting similar gold mineralization, aligning with future infrastructure investments [7] Company Overview - Canadian Gold Corp. is focused on expanding the high-grade gold resource at the Tartan Mine, which has a 2017 indicated mineral resource estimate of 240,000 oz gold at 6.32 g/t [14] - The company also holds exploration properties in Ontario and Quebec, adjacent to major gold mines and projects [14]

Core Viewpoint - Canadian Gold Corp. is moving forward with a proposed plan of arrangement with McEwen Inc., with a special meeting scheduled for December 5, 2025, to seek shareholder approval for the arrangement [1][4]. Group 1: Arrangement Details - The arrangement agreement, dated October 10, 2025, stipulates that each holder of Canadian Gold shares will receive 0.0225 McEwen shares for each Canadian Gold share held [2]. - The arrangement is subject to customary conditions, including necessary court, shareholder, and stock exchange approvals, with an anticipated completion date in January 2026 if all conditions are met [4]. Group 2: Fairness Opinion - Red Cloud Securities Inc. has provided a fairness opinion indicating that the arrangement is fair from a financial perspective for Canadian Gold shareholders [5]. Group 3: Company Overview - Canadian Gold Corp. focuses on mineral exploration and development, particularly at the Tartan Mine in Flin Flon, Manitoba, which has an indicated mineral resource estimate of 240,000 ounces of gold [6]. - The company also holds exploration properties in Ontario and Quebec, adjacent to major gold mines and projects [6].

Company Overview - McEwen Mining (MUX) shares increased by 5.6% to close at $22.72, with a notable trading volume compared to typical sessions, and a total gain of 59.3% over the past four weeks [1][2] Acquisition Announcement - McEwen announced an agreement to acquire Canadian Gold Corp, which owns the Tartan Lake Gold Mine Project in Manitoba, Canada, a high-grade gold project with existing infrastructure and exploration potential [2][3] - The acquisition terms stipulate that each holder of a Canadian Gold share will receive 0.0225 McEwen common shares, equating to a current offer price of CDN $0.60 per Canadian Gold share, with completion expected in early January 2026, pending regulatory approvals [3] Earnings Expectations - McEwen is projected to report quarterly earnings of $0.31 per share, reflecting an 875% year-over-year increase, with revenues expected to reach $66.1 million, a 26.5% increase from the previous year [4] - The consensus EPS estimate for McEwen has been revised 95.2% higher in the last 30 days, indicating a positive trend that typically correlates with stock price appreciation [5] Industry Context - McEwen holds a Zacks Rank of 2 (Buy) within the Mining - Miscellaneous industry, which includes other companies like Metalla Royalty & Streaming Ltd. that has also shown significant returns [6]

Core Viewpoint - McEwen Inc. has entered into a definitive agreement to acquire Canadian Gold Corp., which will make Canadian Gold a wholly-owned subsidiary of McEwen if approved by shareholders and the Supreme Court of British Columbia [1][3]. Transaction Details - The acquisition will be executed through a statutory plan of arrangement, with Canadian Gold shareholders receiving 0.0225 McEwen shares for each Canadian Gold share held, equating to a current offer price of CDN $0.60 per Canadian Gold share, representing a 96.7% premium over the previous closing price [2][3]. - The transaction is expected to close in early January 2026, pending necessary approvals [1][3]. Shareholder Impact - Upon completion, existing McEwen shareholders will own approximately 92% of the combined entity, while Canadian Gold shareholders will own about 8% [3]. - The transaction is anticipated to provide significant benefits to both Canadian Gold and McEwen shareholders, including enhanced liquidity and access to McEwen's diversified portfolio [5][6]. Asset Overview - Canadian Gold's primary asset is its 100% interest in the Tartan Lake Gold Mine Project, a high-grade gold project with existing infrastructure and exploration potential [4][6]. - The Tartan Mine is strategically located near Flin Flon, Manitoba, benefiting from access to a skilled mining workforce [6]. Approval Process - The Arrangement Agreement has been approved by the Boards of Directors of both companies, with independent financial advisors confirming the fairness of the proposed consideration [8]. - The transaction requires approval from 66 ⅔% of Canadian Gold shareholders and a simple majority from minority shareholders at a special meeting scheduled for December 5, 2025 [13]. Regulatory Compliance - The completion of the Proposed Transaction is subject to customary closing conditions and necessary court and regulatory approvals, including those from the TSX Venture Exchange, TSX, and NYSE [13].

Core Viewpoint - McEwen Inc. has entered into a binding letter of intent to acquire Canadian Gold Corp., which will make Canadian Gold a wholly-owned subsidiary of McEwen if the transaction is completed [1][3]. Summary by Sections Proposed Transaction - The proposed transaction involves McEwen acquiring all issued and outstanding securities of Canadian Gold at an exchange ratio of 0.0225 McEwen shares for each Canadian Gold share, equating to an offer price of CDN $0.35 per Canadian Gold share, representing a 26% premium to the 30-day volume weighted average price as of July 25, 2025 [3][11]. Assets and Operations - Canadian Gold's primary asset is the Tartan Mine, a high-grade former producing mine in Manitoba, which has significant existing infrastructure and high exploration potential. The mine produced 47,000 ounces of gold between 1987 and 1989 and has a current indicated mineral resource estimate of 240,000 ounces of gold [2][22][17]. Benefits for Shareholders - For Canadian Gold shareholders, the transaction offers an attractive premium and enhanced liquidity through McEwen's dual stock exchange listings. Existing Canadian Gold shareholders will own approximately 8.2% of the combined company post-transaction [3][8]. - For McEwen shareholders, the acquisition provides access to Canadian Gold's high-grade assets, the ability to fund development with existing resources, and the potential to restart operations at the Tartan Mine within 24 to 36 months [8][9]. Regulatory and Approval Process - The transaction requires approval from 66 ⅔% of Canadian Gold shareholders and a simple majority from minority shareholders, with a special meeting expected by the end of 2025. The arrangement agreement will include customary deal protection provisions and allow Canadian Gold to consider superior proposals [13][11][12]. Company Background - McEwen Inc. operates multiple mines across the Americas and is focused on gold, copper, and silver. The company aims to build share value and establish dividends, similar to its founder's previous success with Goldcorp [18][19].

Core Viewpoint - Canadian Gold Corp. has initiated two independent field exploration programs at the Tartan West Property and the Hammond Reef South Property, aiming to expand its high-grade gold resources and leverage potential future infrastructure investments [1][12]. Hammond Reef South - The 2025 field exploration program aims to follow up on high-grade gold samples discovered in the previous year, with funding from a recently closed private placement of $385,000 [2]. - Last year's exploration identified a new high-grade gold zone with assays returning 35.4 gpt, 11.6 gpt, 7.1 gpt, and 2.9 gpt gold, located only 2 km from Agnico Eagle's Hammond Reef Deposit, which has over 5 million ounces of gold [3][4]. - The current program will include surface work to evaluate the lateral extent and continuity of the gold system, building on last year's strong results [4]. - A geophysical program is also planned to target areas with higher sulphide content, which correlate strongly with gold mineralization [5]. Tartan West Property - Field crews have commenced a ground reconnaissance program along the Tartan Shear Zone, focusing on detailed mapping, prospecting, and sampling to verify historic high-grade surface showings [6]. - Historic high-grade gold surface samples include results of 118 gpt and 53.5 gpt gold, with previous drilling yielding extremely high-grade results such as 595.2 gpt over 0.2 metres [7][8]. - The Tartan West program is seen as a crucial step towards leveraging future infrastructure investments over an expanded resource base, enhancing economies of scale [9][15].