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

About this update from Mcewen Inc.

[{"type":"text","content":"Toronto, Ontario and Flin Flon, Manitoba--(Newsfile Corp. - January 6, 2026) - McEwen Inc. (NYSE: MUX) (TSX: MUX) ("McEwen") and Canadian Gold Corp. (TSXV: CGC) ("Canadian Gold") are pleased to announce the completion of the previously announced business combination between McEwen and Canadian Gold by way of statutory plan of arrangement (the "Arrangement"). Shareholders of Canadian Gold approved the Arrangement on December 5, 2025 and a final order approving the Arrangement was issued by the British Columbia Supreme Court on December 10, 2025, as amended by a further order of the British Columbia Supreme Court according to the Amending Agreement described below.","length":711,"tagName":"p"},{"type":"text","content":"The Arrangement was completed under the Business Corporations Act (British Columbia) and was deemed to become effective at 8:00 a.m. Vancouver time on January 5, 2026. Under the terms of the Arrangement Agreement, which was negotiated at arms-length, each holder of the common shares of Canadian Gold (each, a "Canadian Gold Share") will receive 0.0225 McEwen common shares (each, a "McEwen Share") for each Canadian Gold Share held.","length":453,"tagName":"p"},{"type":"text","content":"The shares of Canadian Gold are expected to be delisted from the TSX Venture Exchange effective as of the close of market on January 7, 2026. Canadian Gold will submit an application to cease to be a reporting issuer under applicable Canadian securities laws and to otherwise terminate its public reporting requirements.","length":320,"tagName":"p"},{"type":"text","content":""On behalf of our Board of Directors and our management, I welcome Canadian Gold shareholders to McEwen. This is an exciting time for gold investors, and we see strong exploration and development potential of Tartan, which we believe will significantly contribute to shareholder value. Our immediate priorities are to accelerate and expand the scope of exploration, initiate mine plan engineering and advance production permitting to enable us to timely restart the mine. We also expect to publish an updated resource estimate by the end of February," said Rob McEwen, Chairman and Chief Owner.","length":604,"tagName":"p"},{"type":"text","content":"Amending Agreement","length":18,"tagName":"p"},{"type":"te...

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