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McEwen Inc (STRRF) and Canadian Gold Corp completed a statutory plan of arrangement effective Jan 5, 2026, under which each Canadian Gold share was exchanged for 0.0225 McEwen shares. Canadian Gold shareholder approval was earlier obtained on Dec 5, 2025 and the British Columbia Supreme Court issued a final order on Dec 10, 2025. Canadian Gold shares are expected to be delisted from the TSX Venture Exchange effective at close of market on Jan 7, 2026.
An Amending Agreement changes the consideration for Rob McEwen’s Canadian Gold shares to subscription receipts that convert to McEwen shares only upon McEwen shareholder approval at its next annual meeting; if not approved, those receipts may be settled in cash. An updated resource estimate is expected by the end of February 2026.
Canadian Gold Corp (STRRF) announced that shareholders approved a statutory plan of arrangement with McEwen (MUX) at a special meeting held on December 5, 2025.
The arrangement was approved by 99.998% of votes cast and 99.996% of disinterested votes after excluding 79,681,855 interested-party votes; votes for the Arrangement represent ~64.79% of issued common shares. Under the arrangement agreement dated October 10, 2025, each Canadian Gold share will be exchanged for 0.0225 McEwen common shares.
TSX Venture Exchange granted conditional approval and the company expects a British Columbia Supreme Court final order on or about December 10, 2025, with closing anticipated on or about January 5, 2026, subject to customary conditions.
Canadian Gold Corp (OTC:STRRF) reported ongoing Phase 4 drilling at its 100% owned Tartan Mine near Flin Flon, Manitoba, highlighting high-grade intercepts and near-mine targets ahead of a proposed acquisition by McEwen (closing expected early 2026).
Key assay highlights include 12.3 gpt Au over 14.0 m, 8.2 gpt Au over 9.9 m, 10.7 gpt Au over 4.5 m, and a South Zone intercept of 82.0 m at 1.3 gpt Au. Drill success rate: 31 of 35 holes (89%) intersected potentially economic mineralization. Surface sampling on adjoining Tartan West returned up to 28.9 gpt Au.
Canadian Gold Corp (STRRF) received a $300,000 grant from the Manitoba Mineral Development Fund (MMDF) on November 17, 2025, bringing total MMDF support to $900,000 since 2023.
The funding supports advancement of the Tartan Mine near Flin Flon, where the company has invested approximately $12.7 million since 2012 and completed 33,668 metres of core drilling to expand vertical resource extent. Canadian Gold has optioned adjoining Tartan West and Flin Flon North properties to consolidate the Tartan Shear Zone and is expanding local hiring.
Canadian Gold is being acquired by McEwen Inc.; on closing, planned 2026 activity includes 15,000–20,000 metres of drilling, an updated resource estimate in Q1, and a preliminary economic assessment by year-end.
Canadian Gold Corp. (STRRF) filed and began mailing its management information circular on November 6, 2025 ahead of a special meeting on December 5, 2025 to approve a proposed plan of arrangement with McEwen. Under the October 10, 2025 arrangement agreement, each Canadian Gold share will be exchanged for 0.0225 McEwen shares. The company obtained an interim order of the British Columbia Supreme Court to permit the Meeting. Completion remains subject to customary court, shareholder and stock exchange approvals and, if approved, is currently anticipated to close in January 2026. A Fairness Opinion from Red Cloud Securities concluded the consideration is financially fair to Canadian Gold shareholders, subject to its stated limitations.
McEwen Inc. (NYSE: MUX) and Canadian Gold Corp. (TSXV: CGC) entered a definitive arrangement agreement dated October 10, 2025, under which McEwen will acquire all issued and outstanding Canadian Gold shares by way of a statutory plan of arrangement.
Under the deal, each Canadian Gold share will be exchanged for 0.0225 McEwen shares (implying CDN $0.60 per Canadian Gold share), a 96.3% premium. Upon closing expected in early January 2026, pro forma ownership will be ~92% McEwen and ~8% Canadian Gold. Canadian Gold shareholders vote on Dec 5, 2025 with a record date of Oct 30, 2025. The arrangement is subject to shareholder, court and regulatory approvals and customary closing conditions.
McEwen Inc. (NYSE: MUX) and Canadian Gold Corp. (TSXV: CGC) have announced a binding letter of intent for McEwen to acquire all Canadian Gold securities through a plan of arrangement. Under the deal, Canadian Gold shareholders will receive 0.0225 McEwen shares for each Canadian Gold share, representing a 26% premium to Canadian Gold's 30-day VWAP.
The transaction's key asset is Canadian Gold's Tartan Mine in Manitoba, a former producing high-grade gold mine with existing infrastructure. The mine previously produced 47,000 ounces of gold between 1987-1989 and has recently expanded its strike length from 8 km to 29.5 km. Post-transaction, Canadian Gold shareholders will own approximately 8.2% of the combined company.
The deal requires 66⅔% approval from Canadian Gold shareholders and is expected to close by the end of 2025. The transaction includes a C$2.2 million break fee payable to McEwen under certain circumstances.
Canadian Gold Corp. (TSXV: CGC) has launched two field exploration programs at its Hammond Reef South and Tartan West properties. The Hammond Reef South program, funded by a recent $385,000 flow-through share placement, aims to follow up on high-grade gold discoveries from 2024 that yielded up to 35.4 gpt gold.
The property is strategically located just 2 km from Agnico Eagle's Hammond Reef Deposit, which contains over 5 million ounces of gold. At Tartan West, the company is conducting ground reconnaissance along the Tartan Shear Zone, with historic samples showing impressive grades of up to 118 gpt gold and historic drilling results including 44.2 gpt gold over 2.5 metres.
Canadian Gold Corp. (TSXV: CGC) announced the lifting of evacuation orders in Flin Flon, Manitoba, where their Tartan Mine Property is located. While local businesses and critical services are expected to resume operations, access to backcountry areas, including the Tartan Mine, remains restricted due to proximity to active forest fires.
The company had temporarily suspended drilling operations during the evacuation period. Canadian Gold will provide updates on the surface infrastructure at Tartan once access is restored and field crews can return to the site.
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