McEwen Mining Acquires Timberline Resources

April 16, 2024

McEwen Mining Inc. has entered into a definitive agreement to acquire all outstanding shares of Timberline Resources Corporation in an all-share merger. The deal will expand McEwen's portfolio of development and exploration projects in Nevada; Timberline shareholders will receive 0.01 of a McEwen share per Timberline share, implying a transaction value of roughly US$18.8 million (excluding McEwen’s existing ownership).

Buyers
McEwen Mining Inc.
Targets
Timberline Resources Corporation
Industry
Energy
Location
Nevada, United States
Transaction Type
Buyout

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