OR FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES** EMERGENT METALS CORP. 620-1111 Melville Street, Vancouver, B.C.,
**NOT
FOR
DISSEMINATION
IN
THE
UNITED
STATES
OR
FOR
DISTRIBUTION
TO
UNITED
STATES
NEWS
WIRE
SERVICES**
EMERGENT
METALS
CORP.
620-1111
Melville
Street,
Vancouver,
B.C.,
V6E
2V6
www.
emergentmetals.com
September
23,
2024
TSX
Venture
Exchange :
EMR
OTCQB :
EGMCF
Frankfurt
and
Berlin
Exchanges:
EMLN
EMERGENT
EXTENDS
PRIVATE
PLACEMENT
OFFERING
Vancouver,
British
Columbia
–
September
23,
2024
–
Emergent
Metals
Corp.
("Emergent"
or
the
“Company”)
(TSX
Venture
Exchange:
EMR)
announces
the
extension
of
its
non-brokered
private
placement
(the
"
Offering
")
of
up
to 20,000,000 units
(the
"
Units
") at
a
price
of
CDN$0.05
per Unit to
raise
gross
proceeds
of
up
to
CDN$1,000,000.
The
Offering
is
now
expected
to
close
on
or
before
November
3,
2024.
Each
Unit
will
consist
of
one
common
share
in
the
capital
of
the
Company
(a
“
Share
”)
and one
whole non-transferable
common
share
purchase
warrant
(a
“
Warrant
”).
Each
whole
Warrant
will
be
exercisable
to
acquire
one
Share
at
an
exercise
price
of
CDN$0.10
per
Share
for
a
period
of 24 months
from
the
date
of
issuance,
subject
to
the
following
acceleration
right.
If,
at
any
time
after
the
date
that
is
4
months
and
one
day
after
the
date
of
issuance
of
the
Warrants,
the
closing
price
of
the
Company’s
common
shares
on
the
TSX
Venture
Exchange
(or
such
other
stock
exchange
on
which
the
common
shares
may
be
traded
from
time
to
time)
is
at
or
above
CDN$0.15
per
share
for
a
period
of
10
consecutive
trading
days
(the
“Triggering
Event”),
in
which
event
the
Company
may,
within
5
days
of
the
Triggering
Event,
accelerate
the
expiry
date
of
the
Warrants
by
giving
notice
thereof
to
the
holders
of
the
Warrants,
by
way
of
news
release,
and
in
such
case
the
Warrants
will
expire
on
the
first
day
that
is
30
calendar
days
after
the
date
on
which
such
notice
is
given
by
the
Company
announcing
the
Triggering
Event.
Interested
parties
can
access
detailed
information
about
the
Offering
and
easily
subscribe
through
the
Capiche
platform
by
clicking
HERE
.
Emergent
is
a
junior
mining
company
that
focuses
on
acquisition,
advancement,
and
divestiture
of
exploration
projects
(A&D
business
model).
The
Company
has
a
portfolio
of
quality
projects
in
Nevada
and
Quebec
in
various
stages
of
development,
from
early-stage
exploration
projects
to
advanced
stage
exploration
projects
(properties
with
NI
43-101
resources).
Emergent
has
selected
these
jurisdictions
to
work
in
because
they
are
pro-mining,
have
excellent
geology,
and
present
many
opportunities
for
A&D
transactions.
The
Company
has
completed
several
successful
acquisition
and
divestiture
transactions
in
recent
years
and
currently
has
several
projects
optioned
to
third
parties.
With
the
gold
price
in
the
vicinity
of
US$2,600
per
ounce,
Emergent
wishes
to
raise
additional
capital
to
advance
its
assets
and
for
general
working
capital
to
continue
to
implement
its
A&D
business
model.
In
connection
with
the
Offering,
the
Company
may
pay
finder’s
fees
consisting
of:
(i)
cash
finder’s
fees
of
up
to
7%
of
the
gross
proceeds
of
the
Offering;
and
(ii)
finder
warrants
(“Finder’s
Warrant”)
in
an
amount
equal
to
up
to
7%
of
the
number
of
Units
issued
pursuant
to
the
Offering,
exercisable
at
a
price
of
$0.10
per
common
share
for
a
period
of
24
months
following
the
closing
date
of
the
Offering
which
will
also
be
subject
to
the
above
acceleration
clause.
Certain
insiders
of
the
Company
may
acquire Units in
the
Offering.
Any
participation
by
insiders
in
the
Private
Placement
would
constitute
a
"related
party
transaction"
as
defined
under
Multilateral
Instrument
61-101
Protection
of
Minority
Security
Holders
in
Special
Transactions
(“
MI
61-101
”)
.
However,
the
Company
expects
such
participation
would
be
exempt
from
the
formal
valuation
and
minority
shareholder
-
2
-
approval
requirements
of
MI
61-101
as
the
fair
market
value
of
the Units subscribed
for
by
the
insiders,
nor
the
consideration
for
the Units paid
by
such
insiders,
would
exceed
25%
of
the
Company's
market
capitalization.
Emergent
intends
to
use
the
net
proceeds
of
the
Offering
for
exploration
of
its
properties
(including
property
and
claim
maintenance
payments)
and
for
general
working
capital
purposes.
Closing
of
the
Offering
is
subject
to
approval
of
the
TSX
Venture
Exchange.
The
securities
issued
under
the
Offering,
and
any
Shares
that
may
be
issuable
on
exercise
of
any
such
securities,
will
be
subject
to
a
statutory
hold
period
expiring
four
months
and
one
day
from
the
date
of
issuance
of
such
securities.
About
Emergent
Emergent
is
a
gold
and
base
metal
exploration
company
focused
on
Nevada
and
Quebec.
The
Company’s
strategy
is
to
look
for
quality
acquisitions,
add
value
to
these
assets
through
exploration,
and
monetize
them
through
sale,
joint
ventures,
option,
royalty,
and
other
transactions
to
create
value
for
our
shareholders
(acquisition
and
divestiture
(A&D)
business
model).
The
Company
has
an
Option
Agreement
for
the
Purchase
and
Sale
of
its
New
York
Canyon
Property,
NV,
with
Ivanhoe
Electric
Inc.
(
NYSE:
IE
).
New
York
Canyon
is
a
copper
skarn,
copper
porphyry,
and
gold
exploration
property
south
of
and
abutting
the
historic
past
producing
Santa
Fe
Gold
Mine,
being
advanced
by
Lahontan
Gold
Corporation
(
TSXV:LG
).
Ivanhoe
has
an
Option
to
acquire
100%
interest
in
the
property
by
making
US2.0
million
in
cash
and/or
share
payments
(US$300,000
paid
to
date)
by
August
1,
2025.
Details
of
the
transaction
can
be
found
in
the
Company’s
March
1,
2024,
press
release.
In
a
2023
NI
43-101
Technical
Report
(1)
,
Lahontan
Gold
defined
an
indicated
resource
at
its
abutting
Santa
Fe
Project
consisting
of
30.4
million
tonnes
at
a
grade
of
1.05
g/t
Au
and
8.86
g/t
Ag,
containing
1.0
million
ounces
of
gold
and
8.7
million
ounces
of
silver,
using
a
cutoff
grade
of
0.25
g/t
AuEq
gold
for
oxide
material
and
0.60
g/t
AuEq
for
sulfide
material.
Emergent
Metal’s
geologists
have
not
verified
this
resource
estimate.
A
copy
of
the
Technical
Report
can
be
found
under
Lahontan
Gold’s
corporate
filings
at
www.sedarplus.ca
.
Emergent
has
a
Lease
with
Option
to
Purchase
Agreement
on
its
Mindora
Property,
NV
(aka
West
Santa
Fe
Property)
with
Lahontan
Gold.
Mindora
is
a
gold,
silver,
and
base
metal
property
located
about
twelve
miles
southwest
of
Lahontan’s
Santa
Fe
Project.
Lahontan
can
earn
a
100%
interest
in
the
property
by
completing
US$1.8
million
in
cash
and/or
share
payments
and
US$1.4
million
in
exploration
expenditures
over
a
seven-year
period.
Details
of
the
transaction
can
be
found
in
the
Company’s
July
20,
2023,
press
release.
Lahontan
views
this
as
a
potential
satellite
deposit
of
their
Santa
Fe
Project.
Emergent’s
Golden
Arrow
Property,
NV
is
an
advanced
stage
gold
and
silver
property
hosting
a
measured
and
indicated
resource
consisting
of
11.0
million
tonnes
at
a
grade
of
0.082
g/t
gold
and
11.31
g/t
silver,
containing
296,500
ounces
of
gold
and
4.0
million
ounces
of
silver.
A
cut-off
grade
of
0.34
g/t
(0.01
opt)
AuEq
for
oxide
material
and
0.51
g/t
(0.015
opt)
AuEq
for
sulfide
material
was
used.
A
NI
43-101
Technical
Report
(2)
can
be
found
on
the
Company’s
website
or
under
its
corporate
filings
at
www.sedarplus.ca
.
A
Plan
of
Operations
and
Environmental
Assessment
in
place
for
the
project
to
allow
a
major
drilling
program,
subject
to
financing.
The
Company
has
the
Casa
South
Property,
QC,
south
of
and
abutting
Hecla
Mining
Company’s
(
NYSE:
HL
)
operating
Casa
Berardi
Mine
and
north
of
and
abutting
IAMGOLD
Corporation’s
(
NYSE:IAG
)
Gemini
Turgeon
Property.
Casa
Berardi
Mine
produced
90,363
ounces
of
gold
in
2023
(3)
.
Emergent
also
has
the
Trecesson
Property,
QC,
about
10
km
east
of
Magneto
Investments
LP’s
Dumont
Nickel
Property,
one
of
the
largest
undeveloped
and
fully
permitted
nickel
sulphide
deposits
in
the
world.
Both
properties
are
gold
and
base
metal
exploration
properties.
-
3
-
Successful
divestitures
include
the
sale
of
the
Troilus
North
Property
to
Troilus
Gold
Corporation
(
TSX:TLG
)
in
2018
and
sale
of
the
East-West
Property
(now
part
of
the
Marban
Alliance
Property)
to
O3
Mining
Inc.
(
TSXV:OIII
)
in
2022.
Emergent
retains
Net
Smelter
Royalties
on
both
these
properties,
subject
to
buyout
provisions.
At
Troilus
North,
Emergent
holds
a
1.0%
NSR,
which
Troilus
Gold
can
acquire
for
CDN$1.0
million
at
any
time.
At
East-West,
Emergent
holds
a
1%
NSR
which
O3
can
acquire
within
3
years
of
signing
of
the
Definitive
Agreement
(April
13,
2022),
for
CDN$1.0
million
in
years
4
and
5
after
signing
the
Definitive
Agreement,
after
which
the
back-in
right
expires.
A
NI
43-101
Feasibility
Study
(4)
on
the
Troilus
Project
was
completed
on
June
28,
2024,
by
Troilus
Gold
announcing
a
proven
and
probable
mineral
reserve
of
380
million
tonnes
at
a
grade
of
0.058
opt
Au,
1.00%
Cu,
and
0.59
g/t
Ag
containing
6.0
million
ounces
of
gold,
484
million
pounds
of
copper,
and
12.2
million
ounces
of
silver
(7.26
million
oz
AuEq)
based
on
a
C$9.96/t
NSR
cut-off.
An
NI
43-101
Prefeasibility
Study
(5)
was
completed
on
the
Marban
Alliance
Property
on
October
7,
2023,
by
O3
Mining
announcing
a
probable
mineral
reserve
of
56.4
million
tonnes
at
a
grade
of
0.91
g/t
gold
containing
1.6
million
ounces
of
gold
at
a
cut-off
grade
of
0.3
g/t
Au.
These
reports
can
be
found
under
each
respective
company’s
corporate
filings
at
www.sedarplus.ca
.
Emergent’s
geologists
have
not
verified
these
mineral
resources
or
reserves.
The
Troilus
North
and
East-West
Properties
are
not
in
areas
where
mineral
resources
or
reserves
have
been
defined
on
either
of
these
properties
to
date,
however
they
appear
to
be
on
strike
with
known
deposit
areas
and
have
potential
for
resources
to
be
defined
in
the
future,
subject
to
exploration
success.
Note
that
the
location
of
Emergent’s
properties
adjacent
to
producing
or
past
producing
mines
or
other
exploration
properties
does
not
guarantee
exploration
success
at
Emergent’s
properties
or
that
mineral
resources
or
reserves
will
be
delineated.
For
more
information
on
the
Company,
investors
should
review
the
Company’s
website
at
www.emergentmetals.com
or
view
the
Company’s
filings
available
at
www.sedarplus.ca
.
David
Watkinson,
P.Eng.,
a
qualified
person
under
NI
43-101,
has
reviewed
an
approved
the
technical
content
of
this
press
release.
Mr.
Watkinson
is
an
employee
of
Emergent
and,
as
such,
in
non-independent.
Footnotes
1.
Santa
Fe
Project
Technical
Report,
Santa
Fe
Project,
Santa
Fe
District,
Mineral
County,
Nevada,
USA,
dated
March
2,
2023,
effective
date
December
7,
2022,
by
Trevor
Rabb,
P.
Geo.,
and
Darcy
Baker,
PhD,
P.
Geo.,
of
Equity
Exploration
Consultants.
2.
Amended
2018
Updated
Technical
Report
on
the
Golden
Arrow
Project,
Nye
County,
Nevada,
dated
September
24,
2018,
effective
date
August
28,
2018,
by
Steve
Ristorcelli,
C.P.G.,
Oden
Christensen,
PhD,
C.P.G.,
and
Jack
McParland,
M.M.S.A.,
3.
Hecla
Mining
Corporation
press
release
dated
Jan.
10,
2024.
4.
NI
43-101
Feasibility
Study:
Troilus
Gold-Copper
Project,
dated
June
28,
2024,
effective
date
May
14,
2024,
prepared
by
AGP
Mining
Consultants
Inc.,
by
Paul
Daigle,
Geo.,
Marc
Rogier,
P.Eng.,
Ryda
Peung,
P.Eng.,
Willie
Hamilton,
P.Eng.,
Zunedbhai
Shaikh,
P.Eng.,
Laurent
Gareau,
P.Eng.
Vlad
Rojanscki,
P.Eng.,
Peirre
Primeau,
P.Eng.,
Ann
Lamontagne,
Eng.,
PhD,
Gordon
Zurowski,
P.Eng.,
Balvinder
Singh,
P.Eng.
5.
NI
43-101
Technical
Report
and
Prefeasibility
Study,
Marban
Engineering
Project,
Val
d’Or
Quebec,
Canada,
report
date
October
7,
2022,
effective
date
August
24,
2022,
by
Ausenco
Engineering
Canada
Inc.,
including
Renee
Barette,
Ing,
James
Purchase,
P.
Geo.,
Carl
Michaud,
P.Eng.,
Ali
Hooshiar,
P.Eng.,
Davood
Hasanloo,
P.Eng.,
and
Andreanne
Hamel,
Ing,
M.Sc..
This
news
release
does
not
constitute
an
offer
of
sale
of
any
of
the
above-mentioned
securities
in
the
United
States.
The
foregoing
securities
have
not
been
and
will
not
be
registered
under
the
United
States
Securities
Act
of
1933,
as
amended
(the
"1933
Act")
or
any
applicable
state
securities
laws
and
may
not
be
offered
or
sold
in
the
United
States
or
to,
or
for
the
account
or
benefit
of,
U.S.
persons
(as
defined
in
Regulation
S
under
the
1933
Act)
or
persons
in
the
United
States
absent
registration
or
an
applicable
exemption
from
such
registration
requirements.
This
news
release
does
not
constitute
an
offer
to
sell
or
the
solicitation
of
an
offer
to
buy
nor
will
there
be
any
sale
of
the
foregoing
securities
in
any
jurisdiction
in
which
such
offer,
solicitation
or
sale
would
be
unlawful.
-
4
-
-
5
-
On
behalf
of
the
Board
of
Directors
David
G.
Watkinson,
P.Eng.
President
&
CEO
For
further
information
please
contact:
David
G.
Watkinson,
P.Eng.
Tel:
530-271-0679
Ext
101
Email:
Neither
TSX
Venture
Exchange
nor
its
Regulation
Services
Provider
(as
the
term
is
defined
in
the
policies
of
the
TSX
Venture
Exchange)
accepts
responsibility
for
the
adequacy
or
accuracy
of
this
release.
Cautionary
Note
on
Forward-Looking
Statements
Certain
information
contained
in
this
news
release
constitutes
“forward-looking
information”
or
“forward-looking
statements”
(collectively,
“forward-looking
information”).
Without
limiting
the
foregoing,
such
forward-looking
information
includes
statements
regarding
the
process
and
completion
of
the
Offering,
the
use
of
proceeds
of
the
Offering
and
any
statements
regarding
the
Company’s
business
plans,
expectations
and
objectives.
In
this
news
release,
words
such
as
“may”,
“would”,
“could”,
“will”,
“likely”,
“believe”,
“expect”,
“anticipate”,
“intend”,
“plan”,
“estimate”
and
similar
words
and
the
negative
form
thereof
are
used
to
identify
forward-looking
information.
Forward
looking
information
should
not
be
read
as
guarantees
of
future
performance
or
results,
and
will
not
necessarily
be
accurate
indications
of
whether,
or
the
times
at
or
by
which,
such
future
performance
will
be
achieved.
Forward-looking
information
is
based
on
information
available
at
the
time
and/or
the
Company
management’s
good
faith
belief
with
respect
to
future
events
and
is
subject
to
known
or
unknown
risks,
uncertainties,
assumptions
and
other
unpredictable
factors,
many
of
which
are
beyond
the
Company’s
control.
For
additional
information
with
respect
to
these
and
other
factors
and
assumptions
underlying
the
forward-looking
information
made
in
this
news
release,
see
the
Company’s
most
recent
Management’s
Discussion
and
Analysis
and
financial
statements
and
other
documents
filed
by
the
Company
with
the
Canadian
securities
commissions
and
the
discussion
of
risk
factors
set
out
therein.
Such
documents
are
available
at
www.sedar.com
under
the
Company’s
profile
and
on
the
Company’s
website
at
www.emergentmetals.com.
The
forward-looking
information
set
forth
herein
reflects
the
Company’s
expectations
as
at
the
date
of
this
news
release
and
is
subject
to
change
after
such
date.
The
Company
disclaims
any
intention
or
obligation
to
update
or
revise
any
forward-looking
information,
whether
as
a
result
of
new
information,
future
events
or
otherwise,
other
than
as
required
by
law.