This study aims to examine the impact of the direct and indirect mixing techniques on the dispersion and homogeneity of magnesium oxide (MgO) and silver (Ag) nanoparticles (NPs) mixed with polymethylmethacrylate (PMMA). NPs were mixed with PMMA powder directly (non-ethanol-assisted) and indirectly (ethanol-assisted) with the aid of ethanol as solvent. X-ray diffraction (XRD), energy-dispersive X-ray spectroscopy (EDX), and scanning electron microscope (SEM) were used to evaluate the dispersion and homogeneity of MgO and Ag NPs within the PMMA-NPs nanocomposite matrix. Prepared discs of PMMA-MgO and PMMA-Ag nanocomposite were analyzed for dispersion and agglomeration by Stereo microscope. XRD showed that the average crystallite size of NPs within PMMA-NP nanocomposite powder was smaller in the case of ethanol-assisted mixing compared to non-ethanol-assisted mixing. Furthermore, EDX and SEM revealed good dispersion and homogeneity of both NPs on PMMA particles with ethanol-assisted mixing compared to the non-ethanol-assisted one. Again, the PMMA-MgO and PMMA-Ag nanocomposite discs were found to have better dispersion and no agglomeration with ethanol-assisted mixing when compared to the non-ethanol-assisted mixing technique. Ethanol-assisted mixing of MgO and Ag NPs with PMMA powder obtained better dispersion, better homogeneity, and no agglomeration of NPs within the PMMA-NP matrix.