Management Change/Compensation (Form 8-K)

On September 3, 2025, the Board of Directors (the "Board") of McEwen Inc. (the "Company") appointed Ian Ball, as the Company's Vice-Chairman, effective immediately. In that position, Mr. Ball will be responsible for overseeing and aligning all revenue-generating activities within the organization as well as shareholder engagement.

The information required by Items 401(b), (d) and (e) of Regulations S-K is hereby incorporated by reference from the Company's Definitive Proxy Statement on Schedule 14A filed with the Securities Exchange Commission (the "SEC") on April 30, 2025 (the "Proxy Statement"). The information required by Item 404(a) of Regulation S-K is hereby incorporated by reference from the Company's Current Report on Form 8-K filed with the SEC on July 31, 2025.

On September 10, 2025, the Company and Mr. Ball executed an offer of employment (the "Offer Letter") describing the terms of his employment with the Company. Pursuant to the terms of the Offer Letter, Mr. Ball will be paid a salary of CAD$435,000 per year and is entitled to participate in all employee benefit plans consistent with other senior executives of the Company. Pursuant to the Company's non-executive director compensation policy, Mr. Ball will no longer receive his non-employee director compensation as disclosed the Proxy Statement. Mr. Ball is also eligible to participate in the Company's 2024 Equity and Incentive Plan in the discretion of the Compensation Committee of the Board. In addition to his cash compensation, Mr. Ball will be granted an option to purchase 50,000 shares of the Company's common stock with an exercise price to be determined at the time of the grant.

In connection with the appointment of Mr. Ball as the Company's Vice-Chairman, Mr. Ball stepped down from the Company's Audit Committee of the Board and Mr. Nicolas Darveau-Garneau has been appointed to the Audit Committee as his replacement.