McEwen Inc. Reports High-Grade Drilling Results at Grey Fox Ahead of October Resource Update

McEwen Inc. (NYSE: MUX) (TSX: MUX) reported that drilling at the Fox Complex's Grey Fox Project continues to deliver strong gold grades and widths, supporting resource growth ahead of an updated estimate expected in October 2025. Results from the Gibson Expansion Zone included 10.1 g/t Au over 5.8 m and 10.4 g/t Au over 5.6 m, while Grey Fox South returned 4.8 g/t Au over 14.9 m and 4.4 g/t Au over 6.0 m. The updated 3D mineralization model is expected to increase Grey Fox's current resource of 1.54 million ounces indicated at 3.64 g/t Au and 458,000 ounces inferred at 3.30 g/t Au.

With mineralization open and geological similarities to large-scale deposits like Canadian Malartic, Grey Fox remains central to McEwen's long-term growth strategy, alongside development at the Stock Mine and Froome West and exploration in Nevada. The company's shares are publicly traded on the New York Stock Exchange and the Toronto Stock Exchange under the symbol MUX. For more information about the company, visit https://ibn.fm/MUX.

The significance of these results lies in their potential to substantially increase the project's resource base, which could enhance McEwen's overall valuation and production profile. High-grade intercepts like those reported demonstrate the quality of the mineralization and suggest that Grey Fox could become a major gold producer. The timing of the updated resource estimate in October 2025 provides a clear near-term catalyst for investors, potentially driving share price appreciation as the market incorporates the new data.

McEwen's broader strategy involves leveraging its assets across the Americas, including producing mines in the USA, Canada, and Argentina, as well as the advanced-stage Los Azules copper project in Argentina. The company aims to develop Los Azules into one of the world's first regenerative copper mines, targeting carbon neutrality by 2038. For additional details on the company's initiatives, refer to https://www.MiningNewsWire.com.

The implications of these drilling results extend beyond immediate resource growth, potentially positioning McEwen as a more significant player in the gold mining sector. Successful expansion at Grey Fox could attract further investment, facilitate development financing, and support the company's objective of building share value and establishing a dividend, as achieved by Chairman and Chief Owner Rob McEwen during his tenure at Goldcorp Inc. The project's geological similarities to large-scale deposits like Canadian Malartic further underscore its potential to become a cornerstone asset for McEwen.