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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