Emergent Metals Corp. Completes Sale of Golden Arrow Property, Securing Cash, Shares, and a Secured Note
Vancouver, British Columbia — August 14, 2026 — Leads & Copy — Emergent Metals Corp. has finalized the sale of its Golden Arrow Property in Nevada to Fairchild Gold Corp., receiving shares, cash, a secured note, and a net smelter royalty as part of the transaction. The deal is expected to provide Emergent with a layered financial return over the short, medium, and long term.
Under the terms of the completed Transaction, Emergent was issued 12,500,000 common shares of Fairchild at a price of CDN$0.055 per share. Additionally, Emergent received aggregate cash payments totaling US$600,000 and a US$3.5 million non-convertible senior secured note. This note carries an 8.5% annual interest rate and has a five-year term. Emergent also secured a 0.5% net smelter royalty on the Property. The combined value of the cash, shares, and note component of the Transaction is estimated to be between US$4.0 million and US$7.0 million, contingent on the timing of interest and principal payments on the note.
David Watkinson, President and CEO of Emergent, highlighted the strategic nature of the transaction. He explained that in the short term, the company benefits from immediate cash and the addition of Fairchild shares to its balance sheet. Over the medium term, Emergent anticipates receiving semi-annual interest payments on the note and has the opportunity to sell the Fairchild shares. In the long term, the company stands to receive between US$3.0 million and US$5.0 million from the principal repayment of the note, depending on when Fairchild successfully advances the Golden Arrow property. Watkinson also noted the potential for appreciation in the value of Fairchild’s shares over time.
Further details regarding the Transaction can be found in previous company news releases dated September 29, 2025, March 24, 2026, April 10, 2026, May 4, 2026, and June 10, 2026, which are available on the company’s website and SEDAR+. Emergent expects to receive final approval for the Transaction from the TSX Venture Exchange shortly.
The Transaction involved Emergent, Fairchild, and their respective wholly owned Nevada subsidiaries. Key terms include: Fairchild paid Emergent US$350,000 at closing, in addition to a previously paid US$250,000 non-refundable deposit. Fairchild issued 12,500,000 common shares to Emergent at a price equivalent to the closing price of Fairchild’s shares on the Exchange prior to issuance. The US$3.5 million senior secured note issued by Fairchild to Emergent has a five-year term from the definitive purchase agreement date of March 23, 2026. It bears 8.5% annual interest, payable semi-annually in arrears. The note is secured by a first-ranking security interest over the Property and related assets. Fairchild has an option to acquire the 0.5% net smelter royalty for US$1,000,000 before the fourth anniversary of the purchase agreement, or US$1,500,000 between the fourth and seventh anniversaries, after which the buyout option expires. Fairchild is also responsible for funding a reclamation bond of approximately US$40,000 and assuming existing royalty payment obligations associated with the Property.
Emergent is a gold and base metal exploration company with a focus on projects in Nevada and Quebec. The company’s business model, termed a Project Accelerator, involves acquiring quality assets, enhancing their value through exploration, and then monetizing them through various transactions.
Source: Emergent Metals Corp.
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