McEwen Inc. Reports Significant Increase in Grey Fox Gold Resources, Supporting Production Growth Strategy

McEwen Inc. (NYSE: MUX) (TSX: MUX) has reported its year-end 2025 mineral resource estimate for the Grey Fox Project within the Fox Complex in Timmins, Ontario, revealing 1.9 million indicated gold ounces and 436,000 inferred gold ounces calculated at a $3,000 per ounce gold price. This represents a 23% increase in indicated resources compared with year-end 2024, marking significant progress in resource development. The updated estimate incorporates both underground and open-pit mining scenarios ahead of a pre-feasibility study scheduled for Q2 2026, indicating strategic planning for future operations.

The resource growth highlights potential for further expansion through several factors, including the recently acquired Stroud Property, new drill results received after the resource cutoff date, and ongoing mine and plant optimization efforts. McEwen stated that Grey Fox is expected to play a key role in its objective of doubling production by 2030 as the Fox Complex transitions into a long-life mining operation. This announcement underscores the company's commitment to expanding its resource base in prolific mining regions, with the Timmins district of Ontario being a historically significant gold-producing area.

The company's broader portfolio includes interests in other mining projects across the Americas, including a 46.4% stake in McEwen Copper, which owns the advanced-stage Los Azules copper development project in Argentina. According to the last financing for McEwen Copper, the implied value of McEwen's ownership interest is US$456 million. The Los Azules project is designed to be one of the world's first regenerative copper mines and carbon neutral by 2038, with feasibility study results detailed in a press release dated October 7, 2025. This aligns with growing industry trends toward sustainable mining practices.

For investors seeking additional information, the latest news and updates relating to MUX are available in the company's newsroom at https://ibn.fm/MUX. The Grey Fox resource update is part of McEwen's strategy to enhance shareholder value through increased production and resource growth, with Chairman and Chief Owner Rob McEwen emphasizing alignment with shareholder interests through personal investments and a minimal salary. The company's focus on the Fox Complex and other assets positions it to capitalize on favorable gold market conditions and operational efficiencies in key mining jurisdictions.