<SEC-DOCUMENT>0001104659-25-110583.txt : 20251112
<SEC-HEADER>0001104659-25-110583.hdr.sgml : 20251112
<ACCEPTANCE-DATETIME>20251112182451
ACCESSION NUMBER:		0001104659-25-110583
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20251110
FILED AS OF DATE:		20251112
DATE AS OF CHANGE:		20251112

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Shaver William M
		CENTRAL INDEX KEY:			0001887702
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33190
		FILM NUMBER:		251474716

	MAIL ADDRESS:	
		STREET 1:		150 KING STREET WEST, SUITE 2800
		CITY:			TORONTO, ONTARIO
		STATE:			Z4
		ZIP:			M5H 1J9

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			McEwen Inc.
		CENTRAL INDEX KEY:			0000314203
		STANDARD INDUSTRIAL CLASSIFICATION:	GOLD & SILVER ORES [1040]
		ORGANIZATION NAME:           	01 Energy & Transportation
		EIN:				840796160
		STATE OF INCORPORATION:			CO
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		SUITE 2800
		STREET 2:		150 KING STREET WEST, P.O. BOX 24
		CITY:			TORONTO
		NON US STATE TERRITORY:  	ONTARIO
		PROVINCE COUNTRY:   	A6
		BUSINESS PHONE:		647-258-0395

	MAIL ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		SUITE 2800
		STREET 2:		150 KING STREET WEST, P.O. BOX 24
		CITY:			TORONTO
		NON US STATE TERRITORY:  	ONTARIO
		PROVINCE COUNTRY:   	A6

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	McEwen Mining Inc.
		DATE OF NAME CHANGE:	20120125

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	U S GOLD CORP
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	U S SILVER STATE MINING CORP
		DATE OF NAME CHANGE:	19880706
</SEC-HEADER>
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<SEQUENCE>1
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<DESCRIPTION>OWNERSHIP DOCUMENT
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    <periodOfReport>2025-11-10</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000314203</issuerCik>
        <issuerName>McEwen Inc.</issuerName>
        <issuerTradingSymbol>MUX</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001887702</rptOwnerCik>
            <rptOwnerName>Shaver William M</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O MCEWEN INC.</rptOwnerStreet1>
            <rptOwnerStreet2>150 KING STREET WEST, SUITE 2800</rptOwnerStreet2>
            <rptOwnerCity>TORONTO</rptOwnerCity>
            <rptOwnerState>A6</rptOwnerState>
            <rptOwnerZipCode>M5H 1J9</rptOwnerZipCode>
            <rptOwnerStateDescription>ONTARIO, CANADA</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Chief Operating Officer</officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <aff10b5One>0</aff10b5One>

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            <transactionTimeliness></transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>2100</value>
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                <transactionPricePerShare>
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    <footnotes>
        <footnote id="F1">Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock, or the cash value thereof as set forth in the award agreement, in the discretion of the Issuer's Compensation, Nominating &amp; Corporate Governance Committee.</footnote>
        <footnote id="F2">The restricted stock units were granted on August 11, 2025. Subsequent to the grant on August 11, 2025, the vesting schedule of the restricted stock units was amended to be identical to the vesting schedule of the 2,600 restricted stock units granted on September 8, 2025. Accordingly, the restricted stock units vested as to 2,100 shares on November 10, 2025 and will vest as to the remaining shares in two equal installments on each of December 28, 2025 and June 28, 2026.</footnote>
        <footnote id="F3">The restricted stock units were granted on September 8, 2025 and vested as to 867 shares on November 10, 2025 and will vest as to the remaining shares in two equal installments on each of December 28, 2025 and June 28, 2026.</footnote>
        <footnote id="F4">The restricted stock units will vest in three equal installments on each of December 20, 2025, June 29, 2026 and December 20, 2026.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ William M. Shaver</signatureName>
        <signatureDate>2025-11-12</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</SEC-DOCUMENT>
