McEwen Mining Inc. announced on March 10, 2025, the successful closing of its strategic non-brokered private placement with Goliath Resources Limited. McEwen Mining acquired 5,181,347 units of Goliath Resources at a deemed price of C$1.93 per unit.
This investment was made in exchange for the issuance of McEwen Mining common shares. The transaction solidifies McEwen Mining's strategic stake in Goliath Resources, an exploration-stage company focused on high-grade gold discoveries in British Columbia's Golden Triangle.
The completion of this C$10 million investment reinforces McEwen Mining's commitment to expanding its portfolio through strategic partnerships and exposure to promising exploration projects. This move aligns with the company's broader objective of building its resource base.
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