McEwen sells Fuller and Paymaster properties for US$55M; adds $13.5M from McEwen Copper debt assignment

McEwen Inc.

McEwen and units Lexam VG Gold and VG Holdings will sell Fuller (210 ha) and Lexam's 60% Paymaster (179 ha) interests in Timmins, Ontario to Dome Mine Ltd.
Consideration: US$5.0M cash plus US$50.0M in Discovery Mining Ltd. common shares, priced on 5-day TSX VWAP; shares carry a 4-month-and-1-day hold.
Closing is subject to customary conditions including TSX approval for issuance of the Discovery shares.
McEwen also received US$13.5M cash by assigning its McEwen Copper loan receivable to new third-party lenders; related McEwen Copper warrants were cancelled.
Company says the ~US$68.5M total funds growth capex toward its 250,000-300,000 GEOs/year by 2030 goal; Stock Mine output Q4 2026, El Gallo H2 2027.

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