Paragon Advanced Labs Inc. Announces Listing and Provides Operational Update

Executive Summary

• Paragon Advanced Labs Inc. began trading on the TSX Venture Exchange under ticker “PALS,” providing enhanced visibility and access to public capital markets.
• A strategic investor, McEwen Inc., recently acquired approximately 27% of Paragon, becoming its largest shareholder.
• The company announced plans to expand its PhotonAssay™ technology footprint with nine additional units worldwide, building on its existing three‑lab network.

Key Details

• TSXV Listing: Common shares commenced trading on the TSX Venture Exchange (ticker “PALS”) as of December 11 2025.
• Strategic Investment: McEwen Inc. purchased ~27% of Paragon’s outstanding equity, positioning it as the largest shareholder.
• Technology Highlight: PhotonAssay™ – a non‑destructive, high‑throughput gold analysis system – is promoted as a faster, safer alternative to traditional fire assays.
• Current Operations: Three labs operating PhotonAssay™ units in Sparks (Nevada), Hamilton (Ontario) and Surrey (British Columbia).
• Expansion Plan: Deployment of an additional nine PhotonAssay™ units globally to increase laboratory capacity in key mining jurisdictions.
• CEO Quote: “We thank all of our stakeholders… look forward to continuing to support some incredibly exciting exploration, development and mining operations.” – Peter Shippen, CEO.

Notable Quotes

“PhotonAssay™, (is) a technology that McEwen believes is poised to become the new industry standard for assaying precious and base metals…” – McEwen Inc., press release dated November 3 2025.