:welcome: to iBoats . . .
Both . . . it will need a teardown, and then take it to a welder, or just buy a used one on eBay.
Take off the lower unit (2 bolts)
Remove the engine from the 'saddle' (you will need/want one of those 'C' clip tools - 4 places)
Take the handle off the swivel/saddle assembly (3 bolts)
Go to welder