McEwen Inc. — Director's Dealing 2025

Nov 12, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: McEwen Inc. (MUX)
CIK: 0000314203
Period of Report: 2025-11-10

Reporting Person: Ball Ian J (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-11-10	Stock Option (right to buy)	$17.09	A	50000	Acquired	2030-11-10	Common Stock (50000)	Direct
2025-11-10	Restricted Stock Units	$	A	930	Acquired		Common Stock (930)	Direct

Footnotes

F1: The options vest in three equal annual installments, beginning on November 10, 2026.

F2: Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock, or the cash value thereof as set forth in the award agreement, in the discretion of the Issuer's Compensation, Nominating & Corporate Governance Committee.

F3: The restricted stock units will vest in three equal installments on each of December 20, 2025, June 29, 2026 and December 20, 2026.