SUBSEQUENT EVENTS	12 Months Ended
Dec. 31, 2025
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	NOTE 22 SUBSEQUENT EVENTS Acquisition of Canadian Gold Corp. On January 5, 2026, the Company completed the acquisition of Canadian Gold, an exploration and production mine which has 100% interest in the Tartan Lake Gold Mine Project (the “Tartan Mine”) located in the province of Manitoba, Canada. The Company acquired 100% of Canadian Gold’s outstanding equity interests. Under the terms of the agreement, each holder of Canadian Gold common shares received 0.0225 common shares of the Company for each Canadian Gold share held. Management is in the process of finalizing its accounting assessment of this matter. Flow-through shares issuance – CDE On January 22, 2026, the Company issued 350,000 flow-through common shares priced at $20.90 per share for gross proceeds of $7.3 million. Subsequently, on January 28, 2026, the Company issued an additional 377,000 flow-through common shares at a price of $21.25 per share for gross proceeds of $8.0 million. Loan Agreement for McEwen Copper Inc. On February 6, 2026, McEwen Copper entered into a loan agreement providing for borrowings of up to $240.0 million, which may be advanced in one or more tranches upon mutual agreement among McEwen Copper, as borrower, the Company, as agent, and a syndicate of lenders. As of the date of this filing, approximately $28.5 million of additional funding has been secured under the agreement, including $13.6 million from the Company. As part of the loan agreement, the Company also received 203,280 transferable warrants to purchase shares of McEwen Copper at $40 per share. The loan bears interest at an annual rate of 12%.

SUBSEQUENT EVENTS

12 Months Ended

Dec. 31, 2025

NOTE 22 SUBSEQUENT EVENTS

Acquisition of Canadian Gold Corp.

On January 5, 2026, the Company completed the acquisition of Canadian Gold, an exploration and production mine which has 100% interest in the Tartan Lake Gold Mine Project (the “Tartan Mine”) located in the province of Manitoba, Canada. The Company acquired 100% of Canadian Gold’s outstanding equity interests.

Under the terms of the agreement, each holder of Canadian Gold common shares received 0.0225 common shares of the Company for each Canadian Gold share held. Management is in the process of finalizing its accounting assessment of this matter.

Flow-through shares issuance – CDE

On January 22, 2026, the Company issued 350,000 flow-through common shares priced at $20.90 per share for gross proceeds of $7.3 million. Subsequently, on January 28, 2026, the Company issued an additional 377,000 flow-through common shares at a price of $21.25 per share for gross proceeds of $8.0 million.

Loan Agreement for McEwen Copper Inc.

On February 6, 2026, McEwen Copper entered into a loan agreement providing for borrowings of up to $240.0 million, which may be advanced in one or more tranches upon mutual agreement among McEwen Copper, as borrower, the Company, as agent, and a syndicate of lenders. As of the date of this filing, approximately $28.5 million of additional funding has been secured under the agreement, including $13.6 million from the Company. As part of the loan agreement, the Company also received 203,280 transferable warrants to purchase shares of McEwen Copper at $40 per share. The loan bears interest at an annual rate of 12%.