Paragon Advanced Labs begins trading on TSX-V

Executive Summary

• Paragon Advanced Labs Inc. common shares have commenced trading on the TSX Venture Exchange under the ticker symbol PALS.
• McEwen Inc. has made a strategic investment in Paragon, acquiring approximately 27% of the business to become its largest shareholder.
• The company is expanding its PhotonAssay technology deployment, planning to add nine new units to its existing three, while operating labs in Nevada, Ontario, and British Columbia.

Key Details

• Listing Details: Common shares commenced trading on the TSX Venture Exchange under the name "Paragon Advanced Labs" and ticker symbol "PALS".
• Strategic Investment: McEwen Inc. acquired approximately 27% of Paragon Advanced Labs, becoming the company's largest shareholder.
• Technology Deployment:
  • Paragon currently operates three PhotonAssay units.
  • The company plans to deploy an additional nine PhotonAssay units worldwide.
  • PhotonAssay is described as a non-destructive, high-throughput gold analysis technology intended to replace traditional fire assays, offering faster turnaround times and environmental benefits.
• Operational Footprint: Paragon Geochemical operates labs in:
  • Sparks (Reno), Nevada
  • Hamilton, Ontario
  • Surrey, British Columbia
• Service Offerings: In addition to PhotonAssay, the company offers fire assay and geochemical analyses.
• Strategic Rationale: The listing aims to provide enhanced visibility among mining clients and investors, improved access to public capital markets, and support for the company's growth strategy.

Notable Quotes

• Peter Shippen, CEO: "We thank all of our stakeholders, partners and clients for being part of this amazing journey. We appreciate your partnership and look forward to continuing to support some incredibly exciting exploration, development and mining operations."
• McEwen Inc. (via Nov. 3, 2025 release): "PhotonAssay [is] a technology that McEwen believes is poised to become the new industry standard for assaying precious and base metals, with Paragon aiming to be one of the world's leading service providers."