McEwen Inc. (NYSE: MUX) (TSX: MUX) has increased its ownership position in Inventus Mining Corporation to 12.7% after acquiring 9.2 million common shares through the exercise of warrants at C$0.12 per share, for total consideration of C$1.104 million. The transaction, completed on Nov. 4, 2026, raised McEwen’s holdings from 20 million shares (approximately 9% of outstanding shares) to 29.2 million shares, according to a company announcement disseminated on behalf of McEwen Inc. and McEwen (NYSE: MUX) (TSX: MUX).
The move matters because it demonstrates McEwen’s willingness to deploy capital into a smaller mining venture, potentially positioning itself for greater influence over Inventus’s future direction. While McEwen stated the shares were acquired for investment purposes, it noted it may purchase additional securities or dispose of existing holdings depending on market conditions, the business and prospects of Inventus, and other relevant factors. The company will file an Early Warning Report under applicable securities laws, a regulatory requirement that provides transparency around significant ownership stakes and often precedes further corporate activity.
For investors, the increased stake could signal McEwen’s confidence in Inventus’s assets, though the company stopped short of announcing any strategic partnership or takeover intention. The low exercise price of C$0.12 per share also suggests McEwen is capitalizing on favorable terms to expand its position. The full details of the transaction are available in the press release, and ongoing updates can be found in McEwen’s newsroom at https://ibn.fm/MUX.
McEwen, which trades on both the NYSE and TSX under the ticker MUX, offers shareholders exposure to a growing base of gold and silver production across the Americas, including mines in Nevada, Ontario, Manitoba, and Argentina, as well as the reactivation of its El Gallo Mine in Mexico. The company also holds a 46.3% interest in McEwen Copper, which owns the large-scale Los Azules copper project in Argentina. According to the last financing for McEwen Copper, the implied value of McEwen’s ownership interest is US$456 million (US$7.67 per share). The Los Azules project is designed to be one of the world’s first regenerative copper mines and carbon neutral by 2038, with feasibility study results announced in a press release dated October 7, 2025.
The Inventus stake increase adds another layer to McEwen’s portfolio strategy under Chairman and Chief Owner Rob McEwen, who has personally invested over US$250 million in the company and takes a salary of $1 per year. His objective is to build MUX’s profitability and share value, with the ultimate goal of implementing a dividend policy as he did while building Goldcorp Inc. The announcement was distributed by InvestorWire, a specialized communications platform that is part of the Dynamic Brand Portfolio at IBN, which provides editorial syndication to 5,000+ outlets and other services. Investors should review the full terms and disclaimers on the InvestorWire website at https://www.InvestorWire.com/Disclaimer.
