07:28 AM EST, 11/03/2025 (MT Newswires) -- McEwen (MUX) said Monday it has agreed to buy roughly 31% equity interest in Britannia Mining Solutions, which operates as Paragon Geochemical Laboratories.

The deal totals 15.3 million Canadian dollars ($10.9 million), with McEwen buying 648,002 shares from Britannia Life Sciences and 226,286 shares from Paragon through a private placement at CA$17.50 per share, payable in McEwen shares, the company said.

Paragon provides mining assay services, including PhotonAssay for gold, silver and base metals, McEwen said.

Paragon operates three laboratories and is pursuing a public listing, McEwen added.