Emergent Metals sells Golden Arrow Nevada property to Fairchild Gold for US $3.5 million note

Reuters2026/08/14 12:32

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Emergent Metals completed the sale of its Golden Arrow property in Nevada to Fairchild Gold.
Consideration included US$600,000 cash, 12,500,000 Fairchild shares valued at CAD 0.055 each, a US$3.5 million senior secured note.
The note carries 8.5% interest, matures in five years from March 23, 2026, secured by the property.
Principal steps up to US$4 million after three years, US$5 million after four years if unpaid.
Emergent retained a 0.5% net smelter return royalty, with a Fairchild buyout option of US$1 million before year four.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Emergent Metals Corporation published the original content used to generate this news brief via TheNewswire (Ref. ID: 202608140830TNWSWRCACNPR_____1LymFMGeX) on August 14, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Emergent Metals sells Golden Arrow Nevada property to Fairchild Gold for US $3.5 million note

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