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Form 8-K

sec.gov

8-K — McEwen Inc.

Accession: 0001104659-26-104311

Filed: 2026-09-01

Period: 2026-08-27

CIK: 0000314203

SIC: 1040 (GOLD & SILVER ORES)

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

8-K — tm2624401d1_8k.htm (Primary)

EX-99.1 — EXHIBIT 99.1 (tm2624401d1_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):

August 27, 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 August 27, 2026, McEwen Inc. (the “Company”)

announced that its 46.3%-owned equity investee McEwen Copper Inc. has closed a $240 million senior secured 4-year term loan facility with

a syndicate of lenders and provided an update on the Los Azules project. 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 August 27, 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: September 1, 2026

By:

/s/ Carmen Diges

Carmen Diges, General Counsel

EX-99.1 — EXHIBIT 99.1

EX-99.1

Filename: tm2624401d1_ex99-1.htm · Sequence: 2

Exhibit 99.1

McEwen Copper Completes US$240

Million Term Loan

To Advance Los Azules Toward

Final Investment Decision

All dollar amounts in this press

release represent U.S. dollars.

TORONTO, Aug 27, 2026 - McEwen Inc. (NYSE:

MUX) (TSX: MUX) (“McEwen” or the “Company”) today announced that its 46.3%-owned subsidiary McEwen Copper

Inc. (“McEwen Copper”, not publicly listed) has closed a $240 million senior secured 4-year term loan facility with

a syndicate of lenders (the “Term Loan”). Participants include Sprott Natural Resource Investment Partners for $112 million,

and Rob McEwen, Chairman and Chief Owner of the Company, for $85 million; and other lenders for a total of $43 million.

The proceeds of the Term Loan will be used to

continue advancing engineering and early works of the Los Azules copper project in San Juan, Argentina, and for general corporate

purposes. A final investment decision and full project financing is expected in mid-2027, with commercial copper cathode production targeted

for 2030, subject to project financing and customary approvals. The Term Loan provides funding while McEwen Copper advances the broader

project debt financing for Los Azules, for which Societe Generale was appointed sole financial advisor in May 2026. Preparations for a

potential initial public offering of McEwen Copper continue in parallel.

The principal amount of the Term Loan will bear

interest at 12.0% per annum, payable monthly, with a 4-year term and the principal amount due on maturity. The Term

Loan can be repaid in full or in part prior to maturity upon payment of the remaining principal and accrued interest plus a fee equal

to 5% of the remaining principal. In connection with the Term Loan, Lenders also received 15,000 5-year McEwen Copper common share purchase

warrants for each $1 million of principal, with an exercise price of $40 per share.

“This financing reflects our lenders’

confidence in Los Azules and in the progress Argentina has made over the past two and a half years. The initiatives of President Javier

Milei have helped make Argentina an increasingly attractive destination for large-scale foreign investment. Economic stabilization, stronger

credit ratings, lower country risk and the RIGI are bringing long-term capital back to the country. San Juan continues to demonstrate

the qualities of a dependable mining jurisdiction, supported by strong institutions, rigorous processes and sound governance. We are proud

to be building Los Azules here,” said Michael Meding, Managing Director of McEwen Copper.

LOS AZULES PROJECT UPDATE

Work at Los Azules continues to advance toward

a final investment decision. The 2025-2026 field campaign was completed with more than 5,600 meters of drilling. Geotechnical results

were better than expected and will improve the open pit design as mine planning advances. Condemnation drilling confirmed the suitability

of the planned location for the North-East rock storage facility. Engineering for the final investment decision is ahead of plan. Engineering

for the key process equipment packages (solvent extraction/electrowinning, sulfuric acid and crushing) has been awarded to Metso, the

mining fleet tender is in final evaluation, and the selection of the EPCM contractor is expected by the fourth quarter of 2026.

McEwen Inc. Page 1

At the peak of the past field season, the project

employed more than 500 people, with nearly 90% hired from San Juan. Door-to-door household surveys in the communities near the project

show trust and acceptance levels above 90%. McEwen Copper continues community programs, which have trained close to 2,000 Calingasta residents

in technical skills, and a community partnerships program that finances productive, social and irrigation initiatives in the local communities.

This winter, the Project experienced one of the

heaviest snow seasons in more than two decades. Returning to site and managing the meltwater will require additional focus, and McEwen

Copper stands ready to support the response led by the Government of San Juan and local communities with heavy machinery and water management

works. At the same time, the snowmelt is expected to refill hydroelectric reservoirs and recharge aquifers after years of drought, a welcome

development for a region that has faced prolonged water scarcity. The Los Azules team has decades of experience working in the high Andes

and managing snow events of this kind.

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 $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 $6.50/lb, McEwen’s royalty is projected to generate

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

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

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 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

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.

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WEB

SITE

SOCIAL

MEDIA

www.mcewenmining.com

McEwen

Facebook:

facebook.com/mceweninc

LinkedIn:

linkedin.com/company/mceweninc

CONTACT

INFORMATION

X:

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:

X.com/mcewencopper

Investor

Relations

Instagram:

instagram.com/mcewencopper

(866)-441-0690

– Toll-free

(647)-258-0395

Rob

McEwen

Facebook:

facebook.com/mcewenrob

Mihaela

Iancu ext. 2006

LinkedIn:

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

info@mcewenmining.com

X:

X.com/robmcewenmux

McEwen Inc. Page 3

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