Form 8-K

8-K — McEwen Inc.

Accession: 0001104659-26-065819

Filed: 2026-05-22

Period: 2026-05-21

CIK: 0000314203

SIC: 1040 (GOLD & SILVER ORES)

Item: Other Events

Item: Financial Statements and Exhibits

Documents

8-K — tm2615253d1_8k.htm (Primary)

EX-99.1 — EXHIBIT 99.1 (tm2615253d1_ex99-1.htm)

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):

May 21, 2026

McEWEN INC.

(Exact name of registrant as specified in

its charter)

Colorado

001-33190

84-0796160

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

150 King Street West, Suite 2800

Toronto,

Ontario, Canada

M5H 1J9

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number including area code:

(866) 441-0690

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing

is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨  Written communications pursuant to Rule 425 under the

Securities Act (17 CFR 230.425)

¨  Soliciting material pursuant to Rule 14a-12 under the

Exchange Act (17 CFR 240.14a-12)

¨  Pre-commencement

communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨  Pre-commencement

communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of

the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock

MUX

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging

growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of

the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth

company ¨

If an emerging

growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with

any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 8.01

Other Events.

On May 21, 2026, McEwen, Inc. (the "Company")

issued a press release announcing that it received a $49.4 million dividend in respect of its 46.3% ownership interest from McEwen Copper

Inc. (“McEwen Copper”), the funds for which were generated from the operation of the producing San José silver-gold

mine in Santa Cruz, Argentina, that is owned by Minera Santa Cruz S.A., in which McEwen Copper owns a 49.0% interest. This dividend increased

total dividends received by the Company in respect of this mine’s operations in 2026 to $58.2 million. A copy of the press release

is filed with this report as Exhibit 99.1. Investors and other interested parties are encouraged to read in its entirety the press release

because it contains important information not otherwise described herein.

Item 9.01 Financial

Statements and Exhibits.

(d) Exhibits. The following exhibits

are furnished or filed with this report, as applicable:

Exhibit No.

Description

99.1

Press Release, dated May 21, 2026

104

Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document

Cautionary Statement

With the exception of

historical matters, the press release contains certain forward-looking statements and information, including "forward-looking statements"

within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements and information expressed,

as of the date of the press release, are estimates, forecasts, projections, expectations, or beliefs as to future events and results.

Forward-looking statements and information are necessarily based upon a number of estimates and assumptions that, while considered reasonable,

are inherently subject to significant business, economic, and competitive uncertainties, risks, and contingencies, and there can be no

assurance that such statements and information will prove to be accurate. Therefore, actual results and future events could differ materially

from those anticipated in such statements and information. Risks and uncertainties that could cause results or future events to differ

materially from current expectations expressed or implied by the forward-looking statements and information include, but are not limited

to, fluctuations in the market price of precious and base metals, mining industry risks, political, economic, social and security risks

associated with foreign operations, the ability of the Company to receive or receive in a timely manner permits or other approvals required

in connection with operations, risks associated with the construction of mining operations and commencement of production and the projected

costs thereof, risks related to litigation, the state of the capital markets, environmental risks and hazards, uncertainty as to calculation

of mineral resources and reserves, foreign exchange volatility, foreign exchange controls, foreign currency risk, and other risks. Readers

should not place undue reliance on forward-looking statements or information included in the press release, which speak only as of the

date thereof. The Company undertakes no obligation to reissue or update forward-looking statements or information as a result of new information

or events after the date hereof except as may be required by law. See the Company’s Annual Report on Form 10-K for the fiscal

year ended December 31, 2025, and other filings with the Securities and Exchange Commission, under the caption "Risk Factors",

for additional information on risks, uncertainties and other factors relating to the forward-looking statements and information regarding

the Company. All forward-looking statements and information made in the press release are qualified by this cautionary statement.

SIGNATURES

Pursuant to the requirements of the Securities

Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

McEWEN INC.

Date: May 22, 2026

By:

/s/ Carmen Diges

Carmen Diges, General Counsel

EX-99.1 — EXHIBIT 99.1

EX-99.1

Filename: tm2615253d1_ex99-1.htm · Sequence: 2

Exhibit 99.1

McEwen Receives $49.4 Million Dividend from

San José Mine

Strong Cash Generation Supports Growth Without Meaningful Share Dilution

TORONTO, May 21, 2026 - McEwen Inc. (NYSE/TSX:

MUX) (“McEwen” or the “Company”) today announced that it has received a $49.4 million dividend from

the San José Mine in Argentina. This brings total dividends received from San José in 2026 to $58.2 million, already

exceeding our original full-year expectation of $40–$50 million.

For shareholders, this matters for a simple reason:

internally generated cash is the best source of capital. It allows a company to grow while eliminating/minimizing share dilution, which

is a key ingredient towards a higher share price. At current gold and silver prices, and assuming operations perform as expected, we believe

McEwen can fund much of its planned production growth through cash generated by its own assets, as we look to double production to 250,000

– 300,000 GEOs by 2030.

McEwen’s attributable production from its

49% interest in San José is expected to be 59,000 – 64,000 GEOs in 2026, with AISC projected between $2,300 - $2,500

per GEO (based on a 77:1 silver/gold ratio).

Building our Financial Position

The $49.4 million dividend received further strengthens

an already improving balance sheet.

At March 31, 2026, McEwen held:

· $56.5 million in cash and cash equivalents;

· $13.5 million in marketable securities;

· $15.7 million face value of McEwen Copper loan;

· $457 million and $20.4 million market value of

investments in McEwen Copper and Paragon Advanced Labs, respectively.

Our debt consists of $110 million long-term convertible

notes maturing in 2030 and $20 million under our loan term facility.

McEwen’s Near-Term Deliverables

Our objective is straightforward: increase production

meaningfully over the next several years while improving the quality and durability of our operations. McEwen is setting the stage to

double production by 2030, with several key deliverables expected in the coming months.

Stock Mine (Fox Complex, Timmins, Ontario)

Initial production at the Stock Mine is expected

during the second half of 2026, with commercial production anticipated in 2027.

McEwen Inc. Page 1

Stock should become a lower-cost source of production

for the Fox Complex due to:

· Lower royalty obligations

· Shorter haul distances to the mill

· Softer material that is expected to reduce processing

costs.

Current estimates indicate approximately six years

of mine life, with additional exploration likely to extend that horizon over time.

Grey Fox (Fox Complex, Timmins, Ontario)

The Grey Fox Pre-Feasibility Study is nearing

completion and will be released in the coming months. Grey Fox is important because it has the potential to significantly extend the productive

life of the Fox Complex while utilizing infrastructure we already own.

Using existing infrastructure to increase production

generally produces better returns on capital than building entirely new operations. By 2030, we are targeting 75,000 – 90,000

GEOs annually from the Fox Complex.

El Gallo (Sinaloa, Mexico)

Engineering work at El Gallo is progressing well,

and mill construction is expected to begin in early Q3. Phase 1 production remains targeted for mid-2027 and is expected to produce

approximately 20,000 GEOs annually for 10 years. What makes El Gallo particularly attractive is that existing infrastructure and

land position may allow additional production growth with comparatively modest capital requirements. Future phases could materially extend

mine life and increase annual production to approximately 40,000 – 50,000 GEOs.

ABOUT MCEWEN

McEwen shares trade on both the NYSE and TSX under

the ticker MUX.

McEwen provides its shareholders with exposure

to a growing base of gold and silver production in addition to a very large copper development

project with exciting optionality, all in the Americas. The gold and silver mines are in prolific mineral-rich regions of the world: the

Cortez Trend in Nevada, USA, the Timmins district of Ontario and Flin Flon in Manitoba, Canada, and the Deseado Massif in Santa Cruz

province, Argentina. McEwen is also reactivating its gold and silver El Gallo Mine in Mexico.

The Company has a 46.3% interest in McEwen Copper,

which owns the large, long-life, advanced-stage Los Azules copper development project in San Juan province, Argentina

– a region that hosts some of the country’s largest copper deposits. According to the last financing for McEwen Copper, the

implied value of McEwen’s ownership interest is US$457 million.

The Los Azules copper project is designed to be

one of the world’s first regenerative copper mines and carbon neutral by 2038. Its Feasibility Study results were

announced in the press release dated October 7, 2025.

McEwen also recently purchased 27.3% of Paragon

Advanced Labs Inc., a newly listed public company that is deploying PhotonAssay™ units around the world, a technology that the

Company believes is poised to become the new industry standard for assaying precious and base metals, with Paragon aiming to be one of

the leading service providers.

Chairman and Chief Owner Rob McEwen has

invested US$290 million personally and takes a salary of $1 per year, aligning his interests with shareholders.

He is a recipient of the Order of Canada, a member of the Canadian Mining Hall of Fame and a winner of the EY Entrepreneur of the Year

(Energy) award. His objective is to build MUX’s profitability, share value, and ultimately implement a dividend policy, as he did

while building Goldcorp Inc.

McEwen Inc. Page 2

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS

This news release contains

certain forward-looking statements and information, including "forward-looking statements" within the meaning of the Private

Securities Litigation Reform Act of 1995. The forward-looking statements and information expressed, are as at the date of this news release

and are McEwen Inc.'s (the "Company") estimates, forecasts, projections, expectations or beliefs as to future events and results.

Forward-looking statements and information are necessarily based upon a number of estimates and assumptions that, while considered reasonable

by management, are inherently subject to significant business, economic and competitive uncertainties, risks and contingencies, and there

can be no assurance that such statements and information will prove to be accurate. Therefore, actual results and future events could

differ materially from those anticipated in such statements and information. Risks and uncertainties that could cause results or future

events to differ materially from current expectations expressed or implied by the forward-looking statements and information include,

but are not limited to, fluctuations in the market price of precious metals, mining industry risks, political, economic, social and security

risks associated with foreign operations, the ability of the Company to receive or receive in a timely manner permits or other approvals

required in connection with operations, risks associated with the construction of mining operations and commencement of production and

the projected costs thereof, risks related to litigation, the state of the capital markets, environmental risks and hazards, uncertainty

as to calculation of mineral resources and reserves, foreign exchange volatility, foreign exchange controls, foreign currency risk, and

other risks. Readers should not place undue reliance on forward-looking statements or information included herein, which speak only as

of the date hereof. The Company undertakes no obligation to reissue or update forward-looking statements or information as a result of

new information or events after the date hereof except as may be required by law. See McEwen Inc.'s Annual Report on Form 10-K for

the fiscal year ended December 31, 2025, and other filings with the Securities and Exchange Commission, under the caption "Risk

Factors", for additional information on risks, uncertainties and other factors relating to the forward-looking statements and information

regarding the Company. All forward-looking statements and information made in this news release are qualified by this cautionary statement.

The NYSE and TSX have not reviewed and do not

accept responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by the management of

McEwen.

Want News Fast?

Subscribe to our email list by clicking here:

https://www.mcewenmining.com/contact-us/#section=followUs

and receive news as it happens!!

WEB SITE

SOCIAL MEDIA

www.mcewenmining.com

McEwen

Facebook:

facebook.com/mceweninc

LinkedIn:

linkedin.com/company/mceweninc

CONTACT INFORMATION

X.com/mceweninc

150 King Street West

Instagram:

instagram.com/mceweninc

Suite 2800, PO Box 24

Toronto, ON, Canada

McEwen Copper

Facebook:

facebook.com/

mcewencopper

M5H 1J9

LinkedIn:

linkedin.com/company/mcewencopper

X.com/mcewencopper

Relationship with Investors:

Instagram:

instagram.com/mcewencopper

(866)-441-0690 - Toll free line

(647)-258-0395

Rob McEwen

Facebook:

facebook.com/mcewenrob

Mihaela Iancu ext. 2006

LinkedIn:

linkedin.com/in/robert-mcewen-646ab24

info@mcewenmining.com

X.com/robmcewenmux

McEwen Inc. Page 3

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