MUX News & Events

Goliath Resources (GOTRF) has received TSX Venture Exchange approval and has issued 3,000,000 common shares to The J2 Syndicate and J2 Syndicate Holdings pursuant to an amending agreement dated January 21, 2026 which amends its existing property option agreement with the Optionors in respect of its Golddigger Property located in the Golden Triangle, B.C., which hosts the high-grade Surebet Gold Discovery. The Consideration Shares have a four month plus one day hold period from the date of issuance. As a result of the issuance of the Consideration Shares, Goliath has earned the remaining 51% ownership interest in the Golddigger Property and now holds a 100% interest in the property. In addition, Goliath has bought down 1% of the 3% Net Smelter Returns reducing it to a 2% NSR held by the Optionors. Other key features of the Amending Agreement include:Goliath must publish a mineral resource estimate on or before June 1, 2030, and thereafter on every three-year anniversary of June 1, 2030; Goliath will be required to pay the Optionors $1 for every gold equivalent ounce over 4,000,000 gold equivalent ounces disclosed in an MRE rather than $1 for every gold equivalent ounce over 2,000,000 gold equivalent ounces; and should there be a change of control prior to Goliath publishing an MRE, the acquirer would assume the obligations of the Company under the Option Agreement, including the requirement to deliver an MRE would be changed from June 1, 2030 to the third anniversary of the date of completion of such change of control. The Company will not be proceeding with the proposed extension of the expiry date of the warrants issued to McEwen (MUX), as first disclosed in the Company's news release dated February 28, 2026. The TSXV did not approve the request as determined by the nature of McEwen Inc. acquiring Goliath units initially press released on January 9, 2025 and completed as an "expedited acquisition" that is treated according to their Policy 5.3. Accordingly, McEwen Inc.'s 2,590,673 common share purchase warrants of the Company with a strike price of $2.50 will expire end of day, March 10, 2026.

McEwen and Golden Lake Exploration are pleased to announce that they have entered into a Definitive Agreement on January 28, 2026 in respect of a proposed transaction, whereby McEwen would acquire all of the issued and outstanding shares of Golden Lake by way of plan of arrangement. If the Proposed Transaction is completed, Golden Lake would become a wholly-owned subsidiary of McEwen. Golden Lake's principal asset is its 100%-owned Jewel Ridge and Jewel Ridge West projects located adjacent to McEwen's Windfall and Lookout Mountain discoveries, part of the Gold Bar Mine Complex, in the Eureka Mining District of Nevada. Historical drill highlights from Jewel Ridge project include 2.20 gpt gold over 28.96 meters, 1.24 gpt gold over 56.39 meters, 2.37 gpt gold over 67.57 meters. These holes are located north of McEwen's Windfall deposit, where a recent drill hole returned 5.55 gpt gold over 44.2 meters. Incorporating Golden Lake's projects into the Gold Bar Mine Complex will help continue the mine's transformation into a long-life operation by investing in exploration and leveraging the current McEwen infrastructure.