TendieTensor TendieTensor
You’re browsing as
Guest
Free Preview
Sign in/sign up to unlock all features.

News  ›  GlobeNewswire Inc.

McEwen Inc. and Canadian Gold Corp. Announce Closing of Arrangement

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Mcewen Inc. And Canadian Gold Corp
McEwen Inc. and Canadian Gold Corp. Announce Closing of Arrangement

McEwen Inc. has completed its acquisition of Canadian Gold Corp through a statutory plan of arrangement, with Canadian Gold shareholders receiving 0.0225 McEwen shares for each Canadian Gold share held. The combined entity plans to accelerate exploration and development of the Tartan project, advance mine permitting, and publish an updated resource estimate by end of February 2026.

Insights
LULU   negative

Highlighted as experiencing difficulties in the current market environment.


MUX   positive

The company successfully completed a strategic acquisition, is expanding its gold asset base with the Tartan project, and has clear near-term catalysts including exploration acceleration, mine engineering, and updated resource estimates. Management is actively pursuing value creation through multiple development projects.