McEwen Inc. Reports Final Drill Results Supporting Resource Growth at Tartan Mine

McEwen Inc. (NYSE: MUX) (TSX: MUX) announced final drill results to be included in an updated Mineral Resource Estimate for the Tartan Mine Project near Flin Flon, Manitoba, which is expected by the end of February and will support future planning as the company targets doubling gold production by 2030. Recent highlights include an intercept of 7.5 grams per tonne gold over 18.9 metres, extending high-grade mineralization along the Western Flank beyond previously reported results and indicating strong potential to further expand the resource as the Main Zone widens at depth while maintaining robust gold grades.

The significance of these drill results lies in their potential to substantially increase the mineral resource at Tartan Mine, which is crucial for McEwen's strategic production goals. The company's objective to double gold production by 2030 requires consistent resource growth and confirmation of high-grade mineralization, making these results particularly important for investor confidence and long-term planning. The extension of mineralization along the Western Flank suggests the deposit may be more extensive than previously understood, potentially leading to longer mine life and improved economics for the project.

These developments occur within the context of McEwen's broader portfolio strategy, which includes exposure to growing gold and silver production across multiple regions in the Americas. The company maintains a 46.4% interest in McEwen Copper, which owns the Los Azules copper development project in Argentina, a region that hosts some of the country's largest copper deposits. According to the last financing for McEwen Copper, the implied value of McEwen's ownership interest is US$456 million. The Los Azules copper project is designed to be one of the world's first regenerative copper mines and carbon neutral by 2038, with its Feasibility Study results announced in a press release dated October 7, 2025 available at https://ibn.fm/mB9c3.

The implications of the Tartan Mine results extend beyond immediate resource growth to reinforce McEwen's position in the competitive mining sector. Successful resource expansion at Tartan supports the company's overall valuation and provides additional assets to potentially fund development of other projects, including the significant Los Azules copper project. For shareholders, these results represent progress toward Chairman and Chief Owner Rob McEwen's objective to build profitability, share value and eventually implement a dividend policy, similar to his approach while building Goldcorp Inc. The alignment of management interests with shareholders is emphasized by McEwen's personal investment of over US$200 million and symbolic $1 annual salary.

The updated Mineral Resource Estimate expected by the end of February will provide more precise data for evaluating Tartan Mine's economic potential and planning future development phases. As mining companies face increasing pressure to demonstrate both economic viability and environmental responsibility, McEwen's progress at Tartan Mine contributes to its narrative as a company with growth potential across multiple commodities and jurisdictions. The latest news and updates relating to MUX are available in the company's newsroom at https://ibn.fm/MUX, though investors should review all available information before making investment decisions.