McEwen Inc. Set to Acquire Golden Lake Exploration Inc.

On January 28, 2026, Golden Lake Exploration Inc. and McEwen Inc. entered a definitive agreement for McEwen to acquire all shares of Golden Lake. The acquisition will occur through a plan of arrangement, making Golden Lake a wholly-owned subsidiary of McEwen.

Golden Lake's key assets, Jewel Ridge and Jewel Ridge West, will integrate into McEwen's Gold Bar Mine Complex in Nevada. This consolidation aims to enhance the mine's longevity by utilizing McEwen's infrastructure.

The transaction offers Golden Lake shareholders an implied offer price with a 60% premium on their shares. Existing shareholders of Golden Lake will hold approximately 0.5% of the combined entity.

Completion requires a 66⅔% approval from Golden Lake's stakeholders. The deal includes typical agreement conditions and protections, like a C$250,000 break fee in certain cases.