Emergent Metals Corp. Converts Lease to Ownership of 185 Mineral Claims at Golden Arrow, NV
OracleOracle(US:ORCL) Thenewswire·2026-03-10 11:00

Core Viewpoint - Emergent Metals Corp. has successfully terminated a lease agreement with Maverix Metals, allowing its subsidiary, Golden Arrow Mining Corporation, to acquire ownership of 185 mineral claims known as the Baughman Claims, while Maverix retains a reserved royalty interest on these and additional claims [1][3]. Group 1: Lease Termination and Property Acquisition - Emergent's subsidiary, GAMC, has entered into a lease termination agreement with Maverix Metals, resulting in the transfer of 185 unpatented mineral claims to GAMC [1]. - Maverix NV retains a reserved royalty on the Conveyed Property and 292 additional claims, which includes an advance minimum royalty of US$25,000 per year and a 3% production net smelter returns royalty once production begins [2]. - GAMC has the option to acquire 1% of the NSR for US$1,000,000 at any time [2]. Group 2: Debt Conversion Agreement - To settle past due AMR payments, Emergent has agreed to issue 1,767,565 common shares to Maverix Canada at a deemed price of $0.11625 per share, converting US$150,000 in debt into equity [4]. - The issuance of shares is subject to a standard hold period of four months and one day under Canadian securities laws [4]. - Both the Debt Conversion and the Conversion Agreement require approval from the TSX Venture Exchange [5]. Group 3: Investor Relations and Marketing Agreement - Emergent has engaged Plutus Invest & Consulting GmbH for European-focused investor relations and digital marketing services [6][7]. - The agreement includes a budget of up to €250,000 over 12 months for strategic advisory and campaign management services, with no compensation payable until the agreement is accepted by the Exchange [10]. - Plutus and its principal are at arm's length from the Company, and neither owns any securities of Emergent [11]. Group 4: Company Overview - Emergent is focused on gold and base metal exploration in Nevada and Quebec, aiming to acquire quality assets and create shareholder value through various monetization strategies [12]. - The Golden Arrow Property is an advanced-stage gold and silver property with a defined resource and a major drilling program planned [13]. - Emergent also holds interests in several other properties, including copper and gold exploration sites in Nevada and Quebec [14][15].

Oracle-Emergent Metals Corp. Converts Lease to Ownership of 185 Mineral Claims at Golden Arrow, NV - Reportify