Form 8-K

8-K — McEwen Inc.

Accession: 0001104659-26-115508

Filed: 2026-10-13

Period: 2026-10-09

CIK: 0000314203

SIC: 1040 (GOLD & SILVER ORES)

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

8-K — tm2627520d1_8k.htm (Primary)

EX-99.1 — EXHIBIT 99.1 (tm2627520d1_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):

October 9, 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 7.01

Regulation FD Disclosure.

On October 9, 2026, McEwen Inc. (the “Company”)

announced that it and its wholly-owned subsidiaries Lexam VG Gold Inc. (“Lexam”) and VG Holdings Inc. (“VG” and,

collectively with Lexam, the “McEwen Subsidiaries”) have entered into a definitive asset purchase and sale agreement with

Dome Mine Ltd. (“Dome”), a wholly-owned subsidiary of Discovery Mining Ltd., pursuant to which the McEwen Subsidiaries have

agreed to sell to Dome all of their respective right, title and interest in and to (i) the Fuller property located in Timmins, Ontario,

which is wholly owned by Lexam, (ii) Lexam's 60% interest in the Paymaster property located in Timmins, Ontario, which Lexam holds in

joint venture with Dome, and (iii) a surface rights only parcel located in Timmins, Ontario, which is wholly owned by VG, for total consideration

of $55 million, consisting of $5 million in cash and $50 million in Discovery Mining Ltd. common shares. The Company also announced that

it received $13.5 million in cash from the assignment of its pre-existing loan receivable from McEwen Copper Inc. to new third-party lenders.

A copy of the press release is furnished 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.

The information furnished

under this Item 7.01, including the referenced exhibit, shall not be deemed “filed” for purposes of Section 18 of the

Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except

as shall be expressly set forth by reference to such filing.

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 October 9, 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

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 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: October 13, 2026

By:

/s/ Carmen Diges

Carmen Diges, General Counsel

EX-99.1 — EXHIBIT 99.1

EX-99.1

Filename: tm2627520d1_ex99-1.htm · Sequence: 2

Exhibit 99.1

McEwen Signs US$55 Million Agreement to Sell

Fuller and Paymaster

Divests US$13.5M McEwen Copper Debt to Further

Enhance Liquidity

TORONTO, ONTARIO, October 9, 2026 –

McEwen Inc. (NYSE/TSX: MUX) (“McEwen” or the “Company”) announces that it and its wholly-owned subsidiaries Lexam

VG Gold Inc. ("Lexam") and VG Holdings Inc. ("VG" and collectively with Lexam, the "McEwen Subsidiaries")

have entered into a definitive asset purchase and sale agreement (the "APA") with Dome Mine Ltd. ("Dome"), a wholly-owned

subsidiary of Discovery Mining Ltd. (“Discovery”), pursuant to which the McEwen Subsidiaries have agreed to sell to Dome all

of the right, title and interest in and to (i) the Fuller property located in Timmins, Ontario, which is wholly owned by Lexam, (ii) Lexam's

60% interest in the Paymaster property located in Timmins, Ontario, which Lexam holds in joint venture with Dome, and (iii) a surface

rights only parcel located in Timmins, Ontario, which is wholly owned by VG, for total consideration of US$55 million (the "Purchase

Price").

The transaction will monetize non-core assets

and provide McEwen with US$55 million of additional capital, which the Company plans to invest across its operations and development

projects to support its goal of producing 250,000–300,000 gold equivalent ounces (“GEOs”) annually by 2030 with

minimal to no share dilution.

Fuller and Paymaster Properties

The Fuller and Paymaster properties are part of

McEwen’s broader Fox Complex land position in the Timmins mining district. Fuller covers approximately 210 hectares and Paymaster

approximately 179 hectares. Upon closing, Discovery will acquire McEwen’s full interest in both assets and consolidate 100% ownership

of the Paymaster joint venture. At the Fox Complex, McEwen’s operations and development will remain centered on Froome, Stock and

Grey Fox, as previously outlined in the Company’s growth strategy.

Transaction Terms

Under the terms of the APA, the Purchase Price

shall be comprised of (i) US$5.0 million payable in cash and (ii) US$50.0 million payable in common shares in the capital of

Discovery ("Discovery Shares"). The number of Discovery Shares to be issued will be determined based on the five-day volume-weighted

average share price of the Discovery Shares on the TSX ending two business days before the closing date. For purposes of determining the

number of Discovery Shares issuable, the US dollar-denominated share consideration will be converted into Canadian dollars at the Bank

of Canada daily exchange rate in effect on such date. The Discovery Shares issued to the Company will be subject to a statutory four-month-and-one-day

hold period.

The transaction is expected to close following

satisfaction of customary closing conditions, including TSX approval for the issuance of the Discovery shares.

McEwen Inc. Page 1

Advancing McEwen’s Growth Strategy

McEwen’s growth strategy is focused on expanding

production from its existing asset base, lowering costs and increasing cash flow, while avoiding share dilution. The Fox Complex is entering

a new phase of production growth, with the Stock Mine expected to enter production in Q4 2026 and commercial production in Q1 2027. Construction

at El Gallo in Mexico began in September 2026 and production is targeted for H2 2027. Surface work and equipment purchases are also

planned at Grey Fox, Tartan and the Gold Bar Complex as the Company advances its stated growth objectives.

Enhancing Liquidity

In addition to the gross proceeds of US$55 million

expected from the transaction, the Company has also received US$13.5 million in connection with the closing of the US$240 million McEwen

Copper term loan announced on August 27th, 2026. McEwen Inc. assigned its pre-existing loan receivable of US$13.5 million

to new third-party lenders for cash consideration and the incentive share purchase warrants previously issued to the Company by McEwen

Copper were cancelled. In aggregate, these two transactions should provide approximately US$68.5 million of additional capital for growth

capex and other development expenses.

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, 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 El Gallo gold

and silver 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. Based on McEwen Copper’s last financing in October 2024,

the implied value of McEwen’s ownership interest was US$456 million. Since then, the value of Los Azules has improved for

three important reasons: 1) The copper price is 50% higher, 2) The Company has completed a Feasibility Study using a US$4.35/lb copper

price and 3) Los Azules received approval under Argentina’s Large Investment Regime (RIGI), which significantly improves the economics

of the project. Los Azules is a shovel-ready project designed to be one of the world’s first regenerative copper mines

and carbon neutral by 2038.

McEwen also owns a 1.25% NSR on Los Azules.

Based on the 2025 Feasibility Study and using a recent copper spot price of US$6.50/lb, McEwen’s royalty is projected to

generate approximately US$584 million from the initial case and US$860 million from the potential Nuton extension, for a

combined undiscounted pre-tax royalty cash flow of approximately US$1.4 billion.

McEwen has a 27% interest in Paragon

Advanced Labs Inc., a 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 over 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 and share value, as he did while building Goldcorp Inc.

McEwen Inc. Page 2

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS

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. Forward-looking

statements in this news release include, but are not limited to, statements regarding: the expected completion of the transaction and

timing thereof; acceptance of the issuance of the Discovery Shares by the TSX; the anticipated use of proceeds from the transaction; the

Company’s production targets of 250,000–300,000 gold equivalent ounces annually by 2030; and the Company’s ability to

achieve its growth strategy with minimal to no share dilution. 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: the inability to complete the transaction contemplated by the APA on the expected timeline or at all; the inability to obtain acceptance

of the issuance of the Discovery Shares by the TSX; the inability to satisfy or waive all conditions to completion of the transaction

contemplated by the APA; fluctuations in the trading price of Discovery Shares on the TSX; fluctuations in the currency exchange rate

of the United States dollar and the Canadian dollar; 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

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

and Canadian securities regulators, 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:

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

and receive

news as it happens!

McEwen Inc. Page 3

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

Investor

Relations

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 4

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