Emergent Metals Provides Update on Golden Arrow Sale to Fairchild Gold

Emergent Metals Corp. (TSXV: EMR, OTC: EGMCF, FRA: EML, MUN: ELM) announced that Fairchild Gold Corp. has initiated the process of seeking shareholder approval to complete the acquisition of Emergent’s Golden Arrow Property in Nevada. The move follows previous announcements and is a key step toward finalizing the transaction, which is expected to close in June 2026. Fairchild is preparing a management information circular and proxy materials for a special meeting of shareholders scheduled for June 9, 2026, where approval of the transaction will be sought.

The transaction, structured under an asset purchase agreement dated March 23, 2026, includes several material terms. Upon approval by the TSX Venture Exchange, Fairchild will pay Emergent US$350,000 in cash, in addition to a non-refundable deposit of US$250,000 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 prior to issuance. A senior secured promissory note of US$3.5 million will be issued, bearing 8.5% interest per annum, payable semi-annually, and secured by a first-ranking security interest over the property. The note includes an early repayment bonus: if Fairchild repays at least US$500,000 upon closing a financing of no less than US$3 million, and an additional US$2.5 million within six months, Emergent will waive the remaining US$500,000. The principal amount steps up to US$4 million if not repaid after three years, and US$5 million after four years. Additionally, Emergent will retain a 0.5% net smelter return royalty, 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 upon closing.

This transaction is significant for Emergent, which follows a ‘Project Accelerator’ business model of acquiring, exploring, and divesting mining properties. The Golden Arrow Property is an advanced-stage gold and silver asset with a measured and indicated resource and permits for major drilling. The sale frees up capital for Emergent to pursue other projects in its portfolio, including New York Canyon in Nevada and Casa South in Quebec, and provides a stream of potential future royalties. For Fairchild, the acquisition adds a promising asset with existing resource definition and permits, potentially accelerating its development timeline.

The transaction is subject to regulatory approvals, including final acceptance by the TSXV, and customary closing conditions. Emergent’s CEO David G. Watkinson noted that the company continues to evaluate opportunities to create shareholder value through its project accelerator strategy. More information is available on Emergent’s website at www.emergentmetals.com and on SEDAR+ at www.sedarplus.ca.

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