Paragon Advanced Labs signs MOU with McEwen to develop PhotonAssay lab facilities in Nevada, Timmins and Mexico

Reuters2026/07/30 11:44

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Paragon Advanced Labs entered an MOU with McEwen to develop PhotonAssay laboratory facilities supporting the Gold Bar Mine Complex in Eureka, Nevada.
McEwen will buy land, build two lab buildings in Nevada; Paragon will equip, staff, operate an accredited commercial lab with a PhotonAssay unit.
Paragon will pay McEwen a royalty on third-party gross revenues from the Nevada lab, replacing rent; pricing and governance set in a definitive agreement.
MOU also outlines potential PhotonAssay labs at McEwen’s Fox Complex in Timmins, Ontario, and the El Gallo mine in Mexico, subject to benchmarks.
Successful rollout would lift Paragon’s PhotonAssay capacity to six units.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Paragon Advanced Labs Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 202607300730NEWSFILECNPR____20260730_307248_1) on July 30, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Paragon Advanced Labs signs MOU with McEwen to develop PhotonAssay lab facilities in Nevada, Timmins and Mexico

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