Emergent Metals Corp. Provides an Update on its Sale of the Golden Arrow Property, NV

About this update from Emergent Metals Corp

Emergent Metals Corp. Provides an Update on its Sale of the Golden Arrow Property, NV (TheNewswire)   Vancouver, British Columbia – TheNewswire - May 4, 2026 – Emergent Metals Corp. (TSXV: EMR, OTC: EGMCF, FRA: EML, MUN: ELM) (“Emergent” or the “Company”) announces that, further to the Company’s news releases dated  September 29, 2025, March 24, 2026 and April 10, 2026, Fairchild Gold Corp. (“Fairchild”) has initiated the process of seeking shareholder approval to complete the acquisition of Emergent’s Golden Arrow Property (the “Transaction”).  It is the Company’s understanding that Fairchild requires shareholder approval for the Transaction pursuant to applicable TSX Venture Exchange (the “TSXV”) policies. Fairchild has indicated that it is in the process of preparing a management information circular and related proxy materials (collectively, the “Meeting Materials”) that will be delivered to the holders of Fairchild’s common shares (collectively, the “Fairchild Shareholders”) in connection with a special meeting of the Fairchild Shareholders to be held on June 9, 2026 (the “Fairchild Meeting”). At the Fairchild Meeting, the Fairchild Shareholders are expected to be asked to consider, and if deemed advisable, approve the Transaction under the terms and conditions of the asset purchase agreement between the Company, Fairchild and their respective subsidiaries dated March 23, 2026. Subject to Fairchild receiving the approval of the Fairchild Shareholders, each of the parties receiving all necessary regulatory approvals, including the final acceptance of the TSXV, and other customary closing conditions, the Transaction is expected to close sometime in June 2026.   About the /Transaction   The Transaction is between Emergent, Fairchild and the companies’ wholly owned Nevada subsidiaries, and includes the following material terms:   Cash Payments   On approval of the Transaction by the TSX Venture Exchange (the Exchange”), Fairchild will pay Emergent US$350,000. This payment is in addition to the non-refundable deposit of US$250,000 that Fairchild previously paid the Company upon the execution of a binding memorandum of understanding in respect of the T...

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