McEwen agrees to sell Fuller, Paymaster properties to Discovery Mining for US$ 55 million

• McEwen agreed to sell the Fuller property and its 60% interest in the Paymaster property in Timmins, Ontario, to Discovery Mining’s Dome Mine.
• Total consideration set at USD 55 million, split between USD 5 million cash and USD 50 million in Discovery common shares.
• Share portion to be priced using Discovery’s five-day VWAP ending two business days before closing, converted to Canadian dollars at the Bank of Canada rate.
• Deal targets monetizing non-core assets to fund growth projects tied to a 250,000-300,000 GEO annual production goal by 2030.
• Closing expected once customary conditions are met, including TSX approval for the share issuance.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. McEwen Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-115508), on October 13, 2026, and is solely responsible for the information contained therein.