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Emergent Metals Corp. Converts Lease to Ownership of 185 Mineral Claims at Golden Arrow, NV
(TheNewswire) Vancouver, British Columbia – TheNewswire - March 10, 2026 – ...
About this update from Emergent Metals Corp
[{"type":"text","content":"Emergent Metals Corp. Converts Lease to Ownership of 185 Mineral Claims at Golden Arrow, NV\n(TheNewswire)\n\n\nVancouver, British Columbia –\nTheNewswire - March 10, 2026 – Emergent Metals Corp.\n(TSXV: EMR, OTC: EGMCF, FRA: EML, MUN: ELM) (“Emergent” or the “Company”) is pleased\nto announce that Emergent’s subsidiary, Golden Arrow Mining\nCorporation (“GAMC”), has entered into a lease termination\nagreement (the “Termination\nAgreement”) with Maverix Metals (Nevada) Inc.\n(“Maverix NV”), an indirect subsidiary of Triple Flag Precious Metals\nCorp. (TSX: TFPM, NYSE: TFPM)\n(“Triple Flag”).  Pursuant to the Termination\nAgreement and certain ancillary documents, Maverix NV has effected the\ntransfer of 185 unpatented mineral claims historically known as the\nBaughman Claims (collectively, the “Conveyed Property”)\nto GAMC.\n\n\nMaverix NV will retain a reserved royalty (the\n“Reserved\nRoyalty”) on both the Conveyed Property and\n292 additional unpatented mineral claims in the area of influence (the\n“AOI Property”, and together with the Conveyed Property, the\n“Royalty\nProperty”) designated in the original Baughman\nlease agreement and subsequent amendments (together, the\n“Lease”), which Reserved Royalty consists of an advance minimum\nroyalty (“AMR”) and a production net smelter returns royalty\n(“NSR”).  The AMR is US$25,000 per year, and the NSR is 3% once\nthe Royalty Property reaches the production stage.  GAMC has the\nability to acquire 1% of the NSR, at any time, for US$1,000,000.\n \n\n\nThe result of the transactions described above is that\nthe Lease has been terminated, GAMC has obtained ownership of the\nConveyed Property, and Maverix NV has retained a reserved royalty\ninterest in the Conveyed Property and the AOI Property.  \n\n\nIn connection with the Termination Agreement, and in\norder to satisfy all past due and unpaid AMR payments owing by GAMC to\nMaverix NV under the Lease, Emergent and Maverix Metals Inc., the\nparent company of Maverix NV and a subsidiary of Triple Flag\n(“Maverix Canada”) , have entered into a debt conversion agreement (the\n“Conversi...