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Emergent Metals Corp. Sells Claims to Lahontan Gold Corp.
(TheNewswire) Vancouver, British Columbia – TheNewswire - August 19, 2025 &#...
About this update from Emergent Metals Corp
[{"type":"text","content":"Emergent Metals Corp. Sells Claims to Lahontan Gold Corp.\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Vancouver, British Columbia –\n \n\n TheNewswire -\n \n\n August 19, 2025 – Emergent Metals Corp.\n(TSXV: EMR, OTC: EGMCF, FRA: EML, BSE: EML, MUN: ELM)\n \n\n (“\n \n\n Emergent\n \n\n ” or the “\n \n\n Company\n \n\n ”) announces\nthat it has signed a binding term sheet (the “\n \n\n Term Sheet\n \n\n ”) to\nsell 27 unpatented lode mineral claims (the “\n \n\n York\n \n\n Claims”\n \n\n ) to Lahontan Gold Corp.\n(\n \n\n TSXV: LG\n \n\n ) (“\n \n\n Lahontan\n \n\n ”).  The claims are currently part\nof Emergent’s New York Canyon Property in Nevada.  They are\ndirectly south of and abutting Lahontan’s Santa Fe Property, and\ntheir sale to Lahontan will allow the potential expansion of\nLahontan’s York resource southward onto the York Claims.\n \n\n\n\n Emergent and Lahontan (the “\n \n\n Parties\n \n\n ”)\ncontemplate completing a Definitive Agreement (the “\n \n\n Agreement\n \n\n ”) within\n30 days of signing the Term Sheet.  The transaction (the\n“\n \n\n Transaction\n \n\n ”) is subject to all necessary approvals, including\nregulatory approval.\n \n\n\n\n Terms of the Transaction include:\n \n\n\n\n\n\n On signing the Term Sheet, Lahontan will pay\nEmergent’s U.S. subsidiary, Golden Arrow Mining Corporation\n(“\n \n\n GAMC\n \n\n ”), a sum of US$10,000.\n \n\n\n\n\n\n On signing the Agreement, Lahontan will issue GAMC a\nUS$50,000 promissory note, with a 1% per month interest rate, and\npayable within six months of signing the Agreement.\n \n\n\n\n\n\n On signing the Agreement, Lahontan will issue 2,000,000\ncommon shares of Lahontan Gold Corp. to GAMC or its designee.\n \n\n\n\n\n\n On signing of the Agreement, payment of the cash,\nissuance of the shares, and issuance of the promissory note outlined\nabove, GAMC will facilitate the transfer of the York Claims to\nLahontan or its designee, to be completed within 30 days.\n \n\n\n\n\n\n As part of the transfer, LG will grant GAMC a 1% NSR\nroyalty (the\n \n\n Royalty\n \n\n ”) on the York Claims.  At any time\nbefore the third anniversary of...