08:36 AM EDT, 10/14/2025 (MT Newswires) -- McEwen Mining (MUX) said Tuesday it entered into a definitive agreement to acquire Canadian Gold in an all-share transaction under which Canadian Gold will become a subsidiary of McEwen.

Under the arrangement agreement, shareholders of Canadian Gold will receive 0.0225 shares of McEwen for each share of Canadian Gold held. The transaction is expected to close in early January 2026, the companies said.

Upon completion of the transaction, McEwen shareholders will own 92% of the combined company, with Canadian Gold owning 8%, the companies said.

A special meeting of Canadian Gold shareholders to vote on the proposed transaction is set for Dec. 5, according to the companies.

Canadian Gold's principal asset is its 100% interest in the Tartan Lake Gold Mine Project in Manitoba, Canada, the companies said.