McEwen Inc. Announces Acquisition of Golden Lake Exploration to Expand Nevada Gold Bar Mine Complex

McEwen Inc. has entered into a definitive agreement to acquire all issued and outstanding shares of Golden Lake Exploration Inc., making Golden Lake a wholly owned subsidiary. The transaction centers on Golden Lake’s 100%-owned Jewel Ridge and Jewel Ridge West projects, which are adjacent to McEwen’s Windfall and Lookout Mountain discoveries within the Gold Bar Mine Complex in Nevada’s Eureka Mining District.

Under the agreement, Golden Lake shareholders would receive 0.003876 McEwen shares per Golden Lake share, representing an implied price of C$0.12 per share. This price reflects a 60% premium to Golden Lake’s 20-day volume-weighted average price as of January 26, 2026. Upon completion, Golden Lake shareholders are expected to own approximately 0.5% of the combined company.

The acquisition is structured as a court-approved plan of arrangement and is subject to shareholder, court, and regulatory approvals. Closing is targeted following a special meeting expected in March 2026. For further details, the full press release is available at https://ibn.fm/2uHsW.

This transaction matters because it consolidates adjacent mining properties in a prolific district, potentially creating operational synergies and extending the resource base. By acquiring Golden Lake’s assets, McEwen gains direct control over neighboring ground that could enhance its existing discoveries and improve the overall economics of the Gold Bar Mine Complex. The premium offered to Golden Lake shareholders indicates the strategic value McEwen places on these properties.

The move aligns with McEwen’s stated goal of improving asset productivity and life to increase share price and provide yield. While the company operates in multiple countries, this Nevada-focused expansion underscores the importance of the Gold Bar complex in its portfolio. Investors can find additional updates relating to McEwen Inc. in the company’s newsroom at http://ibn.fm/MUX.

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