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News  ›  GlobeNewswire Inc.

McEwen to Acquire 31% Strategic Interest in Paragon Geochemical, Leader of PhotonAssay™ Technology for the Mining Sector

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Mcewen Inc.
McEwen to Acquire 31% Strategic Interest in Paragon Geochemical, Leader of PhotonAssay™ Technology for the Mining Sector

McEwen Inc. is acquiring a 31% equity interest in Paragon Geochemical Laboratories, a mining analytical services provider specializing in PhotonAssay™ technology. The investment of CDN$15.3 million will make McEwen the largest shareholder and position Paragon as a leader in innovative mining assay techniques.

Insights
THM   neutral

Conducting initial antimony metallurgy studies at Livengood Gold Project, with promising early results but requiring further extensive research


MUX   positive

Expanding technological capabilities through strategic investment in an innovative mining services company