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Platinum Group Metals Ltd. press release

InvestorNewsBreaks - McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Closes $110 Million Convertible Senior Notes Offering

TSX - Toronto Stock Exchange · Platinum · Palladium · Rhodium · Gold · Copper · Nickel · Canada · Financing

InvestorNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Closes $110 Million Convertible Senior Notes Offering

McEwen Mining (NYSE: MUX) (TSX: MUX)has completed its previously announced offering of 5.25% convertible senior notes due 2030, raising $110 million, including a fully exercised $15 million option. The notes carry an initial conversion price of $11.25 per share, representing a 30% premium to the company’s Feb. 6 closing price, with a capped call potentially increasing the effective conversion price to $17.30. Proceeds will be used to partially repay $20 million of senior secured debt and fund corporate initiatives, including expanding gold production at the Fox Complex. Chairman Rob McEwen emphasized the financing’s low dilution risk and cost-effective structure.

To view the full press release, visit https://ibn.fm/1p8py

About McEwen Mining Inc.

McEwen Mining is a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina. In addition, the company owns approximately 47.7% of McEwen Copper, which is developing the large, advanced-stage Los Azules copper project in Argentina. The company’s goal is to improve the productivity and life of its assets with the objective of increasing the share price and providing a yield. Rob McEwen, chair and chief owner, has a personal investment in the company of $220 million and takes an annual salary of $1. To learn more about the company, visitwww.McEwenMining.com.

NOTE TO INVESTORS:The latest news and updates relating to MUX are available in the company’s newsroom athttps://ibn.fm/MUX

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