Emergent Metals to Sell York Claims to Lahontan Gold

Vancouver, British Columbia — August 19, 2025 — Leads & Copy — Emergent Metals Corp. (TSXV: EMR, OTC: EGMCF, FRA: EML, BSE: EML, MUN: ELM) has signed a binding term sheet to sell 27 unpatented lode mineral claims, known as the York Claims, to Lahontan Gold Corp. (TSXV: LG). The claims are part of Emergent’s New York Canyon Property in Nevada and are directly south of Lahontan’s Santa Fe Property.

The sale will allow the potential expansion of Lahontan’s York resource southward onto the York Claims. Emergent and Lahontan anticipate completing a Definitive Agreement within 30 days, subject to regulatory approvals.

Under the terms, Lahontan will pay Emergent’s U.S. subsidiary, Golden Arrow Mining Corporation (GAMC), US$10,000 upon signing the Term Sheet. Upon signing the Agreement, Lahontan will issue GAMC a US$50,000 promissory note with 1% monthly interest, payable within six months, and issue 2,000,000 common shares to GAMC or its designee.

GAMC will then transfer the York Claims to Lahontan or its designee within 30 days. Lahontan will grant GAMC a 1% NSR royalty on the York Claims, which Lahontan can purchase for US$500,000 before the third anniversary or US$1,000,000 before the seventh anniversary of the Agreement.

David Watkinson, President and CEO of Emergent, noted that the transaction allows Emergent to become a shareholder of Lahontan as it advances Santa Fe towards production. Lahontan also has a Lease with Option to Purchase Agreement on Emergent’s West Santa Fe Property, which Lahontan plans to drill in late 2025.

The sale of the York Claims does not affect the copper potential of the remaining New York Canyon Claims. Emergent is seeking a new partner to advance exploration at New York Canyon.

David G. Watkinson, P.Eng.
President & CEO
Tel: 530-271-0679 Ext 101
Email: info@emergentmetals.com

Source: Emergent Metals Corp.