Emergent Metals Moving Forward With The Sale Of Its Golden Arrow Property To Fairchild Gold

About this update from Emergent Metals Corp

(via TheNewswire)   Vancouver, British Columbia, June 10, 2026 – TheNewswire – 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 April 10, 2026, and May 4, 2026, Fairchild Gold Corp. (“Fairchild”) has obtained shareholder approval to complete the acquisition of Emergent’s Golden Arrow Property (the “Property”) located near Tonopah, Nevada (the “Transaction”).     Fairchild required shareholder approval for the Transaction pursuant to applicable TSX Venture Exchange (the “Exchange”) policies, which approval was obtained at a special meeting of the holders of Fairchild’s common shares (the “Common Shares”) held on June 9, 2026 (the “Meeting”).  Fairchild has confirmed that the totality of eligible votes cast at the Meeting was in favour of the Transaction.   The closing of the Transaction (the “Closing”) is subject to receipt of all necessary regulatory approvals, including final approval of the Exchange, and other customary closing conditions.  The Company expects the Closing to occur later this month.     About the /Transaction   The Transaction is between Emergent, Fairchild and the companies’ wholly owned Nevada subsidiaries, and includes the following material terms:   Cash Payments   At the Closing, 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 Transaction.    Common Shares   At the Closing, Fairchild will issue an aggregate of 12,500,000 Common Shares to Emergent at a deemed price per Common Share equal to the closing price of the Common Shares on the Exchange on the last trading day immediately prior to the date of issuance.    Senior Secured Note   At the Closing, Fairchild will issue a senior secured promissory note to Emergent in the principal amount of US$3,500,000 (the Note”) that provides as follows:    Term:  Five (5) years from the date of the definitive agreement governing the Transaction (the “Definitive Agreement”);  Interest Rate:  8.5% per annum, payable semi-annually, in arrears, in cash; ...

View stock analysis, news, and events for Emergent Metals Corp