McEwen reports Tartan drilling results and 23% increase in Grey Fox Indicated gold resource to 1.9M oz

McEwen Inc.

Tartan step-out drilling: 7.5 gpt gold over 18.9 m on Western Flank; acquisition closed Jan 5, 2026; resource estimate due Feb 2026.
Grey Fox Indicated resource +23% to 1.9M oz (19.5M tonnes @ 3.02 gpt); Inferred 436,000 oz (5.1M tonnes @ 2.66 gpt).
Grey Fox PFS due Q2 2026; $5-10M drilling budget; Stroud historical resource ~270,000 oz to be validated.
Tartan: $3M exploration budget; 90% of 39 holes hit mineralization; Main Zone widening at depth with high grades.

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