McEwen Inc.: agrees to sell Ontario properties for $55,000,000

What happened On Oct 9, 2026, McEwen Inc. announced that it and its wholly-owned subsidiaries Lexam VG Gold Inc. and VG Holdings Inc. entered into a definitive asset purchase and sale agreement with Dome Mine Ltd., a wholly-owned subsidiary of Discovery Mining Ltd., under which the McEwen subsidiaries agreed to sell their rights, title and interest in (i) the Fuller property in Timmins, Ontario (wholly owned by Lexam), (ii) Lexam's 60% interest in the Paymaster property in Timmins, Ontario (a joint venture with Dome), and (iii) a surface rights only parcel in Timmins, Ontario (wholly owned by VG) for total consideration of $55,000,000, consisting of $5,000,000 in cash and $50,000,000 in Discovery Mining Ltd. common shares. The company also announced it received $13,500,000 in cash from the assignment of its pre-existing loan receivable from McEwen Copper Inc. to new third-party lenders.

Key details

• Agreement announced Oct 9, 2026, with Dome Mine Ltd., a wholly-owned subsidiary of Discovery Mining Ltd.
• Assets: Fuller property (Timmins, Ontario), Lexam's 60% interest in the Paymaster property (Timmins, Ontario), and a surface rights only parcel (Timmins, Ontario).
• Total consideration: $55,000,000, comprised of $5,000,000 cash and $50,000,000 in Discovery Mining Ltd. common shares.
• Cash received separately: $13,500,000 from assignment of a loan receivable from McEwen Copper Inc.

Why it may matter This filing reports Item 7.01 (Regulation FD disclosure) and covers the announced asset sale and the $13,500,000 cash receipt. The filing does not show why the insider traded or why the company acted.