Emergent Metals Completes the Sale of its Golden Arrow Property to Fairchild Gold

Emergent Metals Corp. has completed the sale of its Golden Arrow Property in Nevada to Fairchild Gold Corp. The transaction consideration includes US$600,000 in cash, 12,500,000 common shares of Fairchild, a US$3.5 million non-convertible senior secured note, and a 0.5% net smelter royalty (NSR). The total estimated value of the cash, share, and note components ranges between US$4.0 million and US$7.0 million, contingent on share valuation and note repayment timing.

The cash breakdown includes a US$350,000 payment at closing plus a previously paid US$250,000 non-refundable deposit. The senior secured note carries an 8.5% annual interest rate, payable semi-annually, with a 5-year term. An early repayment bonus applies if Fairchild raises at least US$3.0 million in financing, repays at least US$500,000 immediately upon closing, and repays an additional US$2.5 million within six months; in this scenario, Emergent waives US$500,000 of principal. If the note is not repaid, the principal steps up to US$4.0 million after year three and US$5.0 million after year four.

Fairchild retains the option to buy out the 0.5% NSR for US$1.0 million before year four, or US$1.5 million between years four and seven. Fairchild also assumes a ~US$40,000 reclamation bond and all underlying royalty obligations. This closing follows the March 2026 definitive agreement and June 2026 Fairchild shareholder approval.

Emergent Metals Corp. (EMR) has completed the sale of the Golden Arrow asset, fulfilling a previously announced and fully priced transaction. The deal monetizes a core asset, providing immediate liquidity, equity exposure to Fairchild, and a secured note with interest income. While the transaction is positive for the balance sheet, the market had already priced it in over the past several months, meaning the closing introduces no new fundamental surprises. The move aligns with the company's stated "Project Accelerator" model of advancing and divesting assets to fund operations.

Emergent Metals Corp. (EMR) operates a "Project Accelerator" model, acquiring mineral assets in proven jurisdictions such as Nevada and Quebec, advancing them through exploration, and monetizing the projects via sales, options, or joint ventures. The company’s flagship project was historically the Golden Arrow Property, a ~10,000-acre site in Nevada that featured a 296,500 oz Au and 4.0M oz Ag measured and indicated resource before being divested.

The company’s current portfolio focus includes the New York Canyon property, a ~6,800-acre site in Nevada featuring copper skarn, porphyry, and gold targets. Emergent Metals is actively marketing New York Canyon following the termination of options with Kennecott (Rio Tinto) and Ivanhoe Electric. The West Santa Fe property, comprising ~3,000 acres in Nevada, has been optioned to Lahontan Gold. Recent 2025 drilling validated historic Au/Ag values, targeting 0.5–1.0M oz Au, with the project serving as a potential satellite to Lahontan's Santa Fe Mine.

Emergent Metals also holds Quebec royalties, including a 1% NSR on Troilus North (Troilus Gold) and East-West (Agnico Eagle). Additionally, the Rawhide Properties are leased to Walker Lane Mining LLC, generating a 1% NSR upon commercial production.