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Under the proposed transaction, each Golden Lake share will be converted into 0.003876 McEwen shares, valued at C$0.12 ($0.08) per share.
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SMRL Camila owns the Camila conventional floatation plant in Peru, which currently processes 150tpd.
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Mobilisation and initial works are in progress, aligning with the company's updated BFS in March.
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Global manganese production remains heavily concentrated in Africa, with South Africa, Gabon, and Ghana collectively accounting for a substantial share of total output.
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The acquisition includes three mining licences, eight exploration licences and nine prospecting licences.
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