McEwen Inc. Reports Significant Expansion of High-Grade Gold Mineralization at Froome Mine

McEwen Inc. (NYSE: MUX) (TSX: MUX) has reported new high-grade drill results from the Froome Mine at the Fox Complex in Timmins, Ontario, where four drills are now active at Froome West to pursue further expansion. The drilling extended higher-grade gold mineralization by 100 meters vertically, representing a 45% increase since July 2025, and confirmed that mineralization remains open at depth. These results also expanded gold zones up to 50 meters west and returned strong grades near existing underground infrastructure, which supports potential mine life extension, improved economics, and additional mining flexibility beginning in 2026.

The significance of these findings lies in their potential to enhance the long-term viability and profitability of the Froome Mine operation. By extending mineralization both vertically and laterally, McEwen has identified opportunities to increase resource estimates and optimize mining plans. The proximity of high-grade results to existing infrastructure is particularly important, as it reduces development costs and accelerates potential production timelines. This strategic advantage allows for more efficient extraction methods and could lead to lower operating expenses per ounce of gold produced.

For investors and stakeholders, these results demonstrate continued exploration success at a key asset within McEwen's portfolio. The company's shares are publicly traded on both the New York Stock Exchange and Toronto Stock Exchange under the symbol "MUX," and the latest news and updates relating to MUX are available in the company's newsroom at https://ibn.fm/MUX. The expansion of mineralization at depth suggests that the Froome Mine may contain more substantial resources than previously estimated, which could positively impact the company's valuation and future production forecasts.

The technical implications of these drill results extend beyond immediate resource expansion. The confirmation that mineralization remains open at depth indicates potential for further discoveries with continued exploration. This creates a pathway for sustained resource growth that could support extended mining operations beyond current projections. The combination of vertical extension and westward expansion provides multiple vectors for resource development, offering flexibility in mine planning and sequencing. These developments come at a time when gold prices remain favorable, potentially enhancing the economic returns from any increased production.

From an operational perspective, the results support strategic decisions regarding capital allocation and development priorities within McEwen's portfolio. The company operates multiple mines across the Americas, including properties in the USA, Canada, and Argentina, along with a large advanced-stage copper development project in Argentina. The success at Froome Mine contributes to the overall strength of McEwen's Canadian operations and complements its broader strategy of maintaining exposure to gold, copper, and silver in the Americas. The company's Los Azules copper project aims to become one of the world's first regenerative copper mines and is committed to carbon neutrality by 2038, reflecting an integrated approach to resource development.