Emergent Metals to Be Acquired by Lahontan Gold

Emergent Metals Corp., a company listed on the TSXV, announced on September 16, 2026, that it has entered into a definitive agreement to be acquired by Lahontan Gold Corp. The transaction, which is expected to provide Emergent shareholders with a premium to their recent trading price, is set to significantly expand Lahontan’s portfolio in Nevada.

Under the terms of the agreement, Lahontan will acquire all of Emergent’s issued and outstanding common shares. Shareholders of Emergent will receive 0.3115 of a common share of Lahontan for each Emergent share held. This exchange ratio implies a consideration of approximately C$0.1153 per Emergent share, representing a 47.8% premium to the 30-trading-day volume-weighted average trading price of C$0.0780 for the period ended September 15, 2026.

Upon completion of the transaction, existing Lahontan shareholders will own approximately 95.3% of the outstanding Lahontan shares, while former Emergent shareholders will hold about 4.7%. The transaction is expected to be completed pursuant to a definitive arrangement agreement dated September 15, 2026, and a court-approved plan of arrangement under the Business Corporations Act (British Columbia).

The acquisition will bring together the Santa Fe Mine, West Santa Fe, and New York Canyon properties under common ownership, creating a larger and more contiguous property position in Nevada’s Walker Lane mineral belt. Emergent shareholders will gain exposure to Lahontan’s Santa Fe Mine project, which is advancing through economic evaluation, permitting, and development activities.

The combined company will also hold Emergent’s portfolio of other mineral interests and royalties in Nevada and Quebec, as well as assets received from the recent sale of the Golden Arrow property to Fairchild Gold Corp., including a US$3.5 million promissory note, 12.5 million common shares of Fairchild, and a 0.5% net smelter return royalty on the Golden Arrow property.

The transaction is subject to customary conditions, including shareholder approval, court orders, and acceptance by the TSX Venture Exchange. Emergent expects to hold a meeting in November 2026 to seek shareholder approval for the transaction. The resolution approving the transaction will require the approval of at least 66⅔% of the votes cast by Emergent shareholders present in person or by proxy and entitled to vote at the meeting.

The transaction is expected to be completed shortly after the meeting, subject to the satisfaction or waiver of the other conditions contained in the arrangement agreement.