Lahontan Gold expands its Nevada footprint through an all-share acquisition of Emergent Metals, streamlining project ownership and eliminating significant royalty obligations.
Acquisition consolidates West Santa Fe ownership, eliminates future payments and a royalty, and adds the New York Canyon project, improving Lahontan's asset base.
Emergent Metals shareholders receive Lahontan shares at an implied value of C$0.115 per share, with the deal ending Emergent's standalone exposure to the assets.
Lahontan Gold has entered a definitive agreement to acquire Emergent Metals, consolidating full ownership of the West Santa Fe project in Nevada. The deal eliminates C$2.39m in future payments and a 1% net smelter return royalty, while adding the New York Canyon project to Lahontan's regional portfolio.
The deal consolidates ownership of the West Santa Fe project, removes a 1% net smelter return royalty, and adds the New York Canyon project to Lahontan's Walker Lane land package.