McEwen Mining Joins Russell 2000 Index, Boosting Institutional Visibility

McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) announced it has been added to the Russell 2000 Index as part of the June 2026 Russell Reconstitution, effective at the opening of U.S. equity markets on June 29. Membership in the Russell 2000 is based on inclusion in the broader Russell 3000 Index, which represents approximately 98% of the investable U.S. equity market by market capitalization.

The company said inclusion in the widely followed small-cap index is expected to increase its visibility among institutional investors and index-tracking strategies as it continues advancing its portfolio of gold, silver and copper assets. Chairman and Chief Owner Rob McEwen stated that the company remains focused on executing its growth plans, improving operating performance and creating long-term shareholder value.

McEwen Mining provides shareholders with exposure to a growing base of gold and silver production, along with a large copper development project, all located in the Americas. Its gold and silver mines are in prolific mineral-rich regions, including the Cortez Trend in Nevada, the Timmins district of Ontario, Flin Flon in Manitoba, and the Deseado Massif in Santa Cruz province, Argentina. The company is also reactivating its gold-silver El Gallo Mine in Mexico.

The company holds 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. According to the last financing for McEwen Copper, the implied value of McEwen’s ownership interest is US$456 million, or US$7.67 per share. The Los Azules project is designed to be one of the world’s first regenerative copper mines and aims to be carbon neutral by 2038, with its Feasibility Study results announced in an October 7, 2025 press release.

McEwen also recently purchased a 27.3% stake in Paragon Advanced Labs Inc., a newly listed public company deploying PhotonAssay units globally. The company believes this technology is poised to become the new industry standard for assaying precious and base metals, with Paragon aiming to be a leading service provider.

Rob McEwen, Chairman and Chief Owner, has invested over US$250 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.

For more information, visit the company’s newsroom at https://ibn.fm/MUX.

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