Emergent Metals Corp. Completes Sale Of Its York Claims To Lahontan Gold

Core Viewpoint - Emergent Metals Corp. has completed the sale of 27 unpatented lode mineral claims to Lahontan Gold Corp, which will facilitate the potential expansion of Lahontan's York resource [1][2] Transaction Details - The York Transaction includes a payment of US$10,000 upon signing the Term Sheet, a US$50,000 promissory note with a 1% monthly interest rate, and the issuance of 2,000,000 common shares of Lahontan Gold Corp. to Emergent's subsidiary [4] - The transfer of the York Claims is expected to be completed within 30 days following the signing of the Agreement and Exchange Approval [4] - Lahontan will grant Emergent a 1% NSR royalty on the York Claims, with options for Lahontan to purchase the royalty for US$500,000 before the third anniversary and US$1,000,000 between the third and seventh anniversaries of the Agreement [4] Company Strategy - Emergent is focused on gold and base metal exploration in Nevada and Quebec, aiming to acquire quality assets, enhance their value through exploration, and monetize them via various transactions [5] - The company retains other properties in Nevada, including the Golden Arrow Property and New York Canyon, which host significant mineral targets [6] Property Overview - Emergent's properties include advanced-stage gold and silver properties, as well as copper exploration properties, with strategic locations adjacent to producing or past-producing mines [6][7]