Core Viewpoint - Emergent Metals Corp. has appointed two new independent directors, Joseph Mullin and Michael Leahy, to strengthen its Board of Directors, enhancing the company's expertise in the mining industry [1][5]. Group 1: New Board Appointments - Joseph Mullin brings over two decades of international experience in metals and mining, having held leadership roles in various companies and previously worked as a financial analyst at Goldman Sachs [2]. - Michael Leahy has a strong background in corporate development and business strategy, with experience in both private and public sectors, and has served in leadership roles in technology and natural resources companies [3]. - The Board now consists of the President and CEO David Watkinson and four independent directors, providing a diverse mix of expertise in mining, geology, accounting, and business/finance [5]. Group 2: Golden Arrow Property Sale - Emergent has signed a Memorandum of Understanding to sell its Golden Arrow Property in Nevada to Fairchild Gold Corp., which includes 17 patented and 494 unpatented mineral claims [6]. - The transaction terms include the issuance of 12,500,000 common shares and a US$3.5 million Senior Secured Note by Fairchild, along with a 0.5% net smelter return royalty retained by Emergent [7][8][9]. - Fairchild will also be responsible for various costs associated with the property after the agreement is signed, and the transaction is subject to regulatory approval [12][14]. Group 3: York Claims Sale - Emergent has signed a binding term sheet to sell 27 unpatented lode mineral claims to Lahontan Gold Corp., which will allow for the potential expansion of Lahontan's resource [15]. - The terms of the York Transaction include a US$10,000 payment already made, a US$50,000 promissory note, and 2,000,000 common shares to be issued by Lahontan [16]. - Emergent will retain a 1% NSR royalty on the York Claims, with options for Lahontan to purchase the royalty at specified prices over time [16]. Group 4: Future Development Plans - Lahontan plans to drill on Emergent's West Santa Fe Property, seeking to validate historical data and expand known mineralization [17][18]. - The drilling program aims to explore areas of known gold and silver mineralization, with historical drilling indicating significant potential [17]. - Emergent's strategy focuses on monetizing its assets through sales, joint ventures, and royalties to create shareholder value [18].