McEwen Inc. has announced definitive agreements for a private placement involving the sale of 565,000 flow-through common shares, raising approximately $12.4 million after fees. The offering includes 215,000 "Canadian Exploration Expense" flow-through shares at US$23.80 per share, which closed on December 19, 2025, and 350,000 "Canadian Development Expense" flow-through shares at US$20.90 per share, expected to close in January 2026. The shares were offered through exempt transactions under U.S. and Canadian securities regulations, providing potential tax benefits to purchasers if the funds are used for qualified exploration or development expenses.

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