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Paragon and McEwen partner to expand advanced PhotonAssay™ labs in Nevada, Ontario, and Mexico.

Company Fundamentals
30 Jul 2026
Newsfile Corp
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Bullish
pluang ai news

Paragon Advanced Labs has signed a memorandum of understanding with McEwen Inc. to develop advanced laboratory services using PhotonAssay™ technology at McEwen's Gold Bar Mine in Nevada, with plans to expand to their Fox Complex in Ontario and El Gallo Mine in Mexico. McEwen will fund land acquisition and construction of lab buildings, while Paragon will install and operate the PhotonAssay™ equipment, serving both McEwen's mining operations and third-party clients. This partnership aims to double Paragon's PhotonAssay™ capacity and create a scalable model for future lab developments, aligning both companies' interests through a royalty agreement on third-party revenues. The project is subject to final agreements, permits, and approvals but promises to enhance analytical capabilities and support McEwen's production growth targets by 2030.

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