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2025 Year-End Resource Estimate - Grey Fox Project: +23% Indicated to 1.9 Million Gold Ounces; Inferred 436,000 Gold Ounces; Upcoming Prefeasibility Study in Q2 2026
TORONTO, Jan. 20, 2026 (GLOBE NEWSWIRE) -- McEwen Inc. (NYSE/TSX: MUX) (“McEwen” or the “Company”) is pleased to report its Year-End 2025 Mineral Resource Estimate for the Grey Fox Project, part of the Fox Complex in Timmins, Ontario. The 2025 Mineral Resource Estimate at Grey Fox now totals 1.9 million Indicated gold ounces and 436,000 Inferred gold ounces (calculated using a US$3,000 per ounce gold price), with good potential to increase the size of the resource through: 1) The recently acquir
About this update from Mcewen Inc.
[{"type":"image","alt":"McEwen Inc.","displaySize":"","headline":null,"caption":"McEwen Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":170,"url":"https://media.zenfs.com/en/globenewswire.com/66c9e5706a0044735186fefdedad9713"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/A779XJJWrNYtHlUd49kFpA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTIzODtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/66c9e5706a0044735186fefdedad9713","width":300,"height":170}},"lazy":false},{"type":"text","content":"TORONTO, Jan. 20, 2026 (GLOBE NEWSWIRE) -- McEwen Inc. (NYSE/TSX: MUX) (“McEwen” or the “Company”) is pleased to report its Year-End 2025 Mineral Resource Estimate for the Grey Fox Project, part of the Fox Complex in Timmins, Ontario. The 2025 Mineral Resource Estimate at Grey Fox now totals 1.9 million Indicated gold ounces and 436,000 Inferred gold ounces (calculated using a US$3,000 per ounce gold price), with good potential to increase the size of the resource through: 1) The recently acquired adjacent Stroud Property that contains a historical resource (Fig. 1), 2) New drill results received after the resource estimate cut-off date and 3) Optimization of the mine and plant design. Grey Fox will be an important part of the Company’s goal of doubling production by 2030, as we continue the Fox Complex’s transition into a long-life mining operation.","length":867,"tagName":"p"},{"type":"text","content":"Grey Fox was previously envisioned as an underground project. The Company is now balancing both underground and open pit mining methods for calculating the Mineral Resource Estimate, consistent with the phased development mine plan that will be contained in the upcoming Pre-Feasibility Study (PFS). The PFS is scheduled to be published in Q2 2026. This project approach will allow the Company to maximize long-term project value, while providing early access to high-return gold ounces through existing ramp and underground infrastructure (Fig. 2).","length":549,"tagName":"p"},{"type":"text","content":"Highlights of the 2025 Grey Fox Resource","length":40,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Indicated Resources: 1,892,000 gold ounces (19,474,000 tonnes @ 3.02 gpt gold)","length":78,"tagName":"p"}]},{"val":[{"type":"text","content":"Inferred Resources: 436,000 gold ounces (5,101,000 tonnes ...