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

• McEwen agreed to sell the Fuller property and its 60% interest in the Paymaster property in Timmins, Ontario, for US$55 million.
• Consideration includes US$5 million cash and US$50 million in Discovery Mining common shares issued via its unit Dome Mine.
• Discovery will consolidate 100% ownership of the Paymaster joint venture on closing.
• Share consideration will be set using Discovery’s five-day VWAP on the TSX, with U.S. dollars converted to Canadian dollars.
• Proceeds are earmarked for growth spending to support a 250,000-300,000 GEO annual production target by 2030.

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 GlobeNewswire (Ref. ID: 202610090900PRIMZONEFULLFEED9842897) on October 09, 2026, and is solely responsible for the information contained therein.