McEwen to acquire Golden Lake Exploration for 60% premium; drills 5.55 gpt gold over 44.2m at Gold Bar

McEwen Inc.

Acquisition: 0.003876 MUX share per GLM share, implied CDN$0.12, 60% premium to 20-day VWAP.
Golden Lake shareholders to own ~0.5% of combined company; Jewel Ridge projects adjacent to Windfall.
Best drill hole at Windfall: 5.55 gpt gold over 44.2 meters, incl. 48.38 gpt over 4.6 meters oxide.
Definition drilling shows continuity along 1.6 km Windfall fault zone; mineralization open at depth.
Resource estimate for Lookout Mountain due end Feb; $10M exploration budget at Gold Bar in 2026.

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