Emergent Metals Corp. Updates on Golden Arrow Property Sale to Fairchild Gold Corp.

Emergent Metals Corp. (TSXV: EMR, OTC: EGMCF, FRA: EML, MUN: ELM) has provided an update on the sale of its Golden Arrow Property in Nevada to Fairchild Gold Corp. The transaction, originally announced in September 2025, is moving forward as Fairchild initiates the process of obtaining shareholder approval. Fairchild is preparing a management information circular and proxy materials for a special meeting of its shareholders scheduled for June 9, 2026, where they will vote on the acquisition.

Subject to shareholder and regulatory approvals, including final acceptance from the TSX Venture Exchange, the transaction is expected to close in June 2026. The deal includes cash payments, common shares, a senior secured note, and a retained royalty for Emergent.

Under the terms, Fairchild will pay Emergent US$350,000 upon TSXV approval, in addition to a non-refundable US$250,000 deposit already paid. Fairchild will also issue 12.5 million common shares to Emergent at a deemed price equal to the closing price on the last trading day before issuance. Furthermore, Fairchild will issue a five-year senior secured promissory note for US$3.5 million bearing 8.5% interest, secured by a first-ranking security interest on the property. The note includes early repayment bonuses and principal step-ups if not repaid within certain periods.

Emergent will retain a 0.5% net smelter return royalty on the property, which Fairchild can buy out for US$1 million before the fourth anniversary or US$1.5 million between the fourth and seventh anniversaries. Fairchild must also fund a US$40,000 reclamation bond at closing.

The Golden Arrow Property is an advanced-stage gold and silver property with a well-defined measured and indicated resource. It has a Plan of Operations and Environmental Assessment in place for major drilling. The sale aligns with Emergent's strategy as a project accelerator, focusing on acquiring, adding value, and monetizing assets. Emergent holds other properties in Nevada and Quebec, including New York Canyon, West Santa Fe, Buckskin Rawhide East, Casa South, and Trecesson, as well as royalties on several advanced projects.

This transaction is significant for both companies: Emergent secures immediate cash, equity, and a note while retaining upside through a royalty, and Fairchild gains a advanced-stage gold project with existing infrastructure. The deal highlights the ongoing consolidation and divestiture activity in the mining sector, particularly in Nevada's favorable mining jurisdiction.

For more information, visit Emergent Metals Corp. or view the company's filings at SEDAR+.