Emergent Metals Corp. Reports High Grade Gold Intercept at West Santa Fe: 36.6 m Grading 3.11 g/t AuEq Including 10.7 M Grading 5.75 g/t AuEq

The most recent news (Feb 25, 2026) reports high-grade gold intercepts from the maiden drilling program at the West Santa Fe Property in Nevada, conducted by option partner Lahontan Gold Corp. Key results include 36.6m grading 3.11 g/t AuEq (including 10.7m of 5.75 g/t AuEq). This follows a Feb 23 release showing broader, lower-grade intercepts (e.g., 54.9m at 0.52 g/t Au and 40.5 g/t Ag). The drilling validates historical data from the 1980s/90s and suggests the potential for a satellite deposit to Lahontan’s Santa Fe Project.

The news is Material - Positive. For a micro-cap company with a history of working capital deficits, these results are significant for several reasons: - Validation: The high-grade nature of the intercepts (3.11 g/t AuEq over 36m) is exceptional for a potential open-pit satellite deposit in Nevada. - Partner-Funded: The exploration is being funded by Lahontan Gold, preserving Emergent’s cash while increasing the value of its retained interest and potential royalties. - Strategic Alignment: These results increase the likelihood of Lahontan exercising its option to acquire the property, which would trigger further cash/share payments to Emergent. - Market Sentiment: The stock has reacted positively, moving from a $0.04-$0.05 range in late 2025 to testing $0.13 in early 2026, though it has recently consolidated at $0.09.

Emergent Metals Corp. is a gold, silver, and copper explorer focused on Nevada and Quebec. Its business model has shifted toward monetizing assets through sales and options while retaining royalties. - Flagship (Retained): West Santa Fe, NV (Optioned to Lahontan Gold). - Flagship (Divesting): Golden Arrow, NV (Being sold to Fairchild Gold for US$600k cash, 12.5M shares, and a US$3.5M note). - Other Assets: New York Canyon (Copper), Buckskin Rawhide, and several Quebec royalties (Troilus North, East-West).