09:54 AM EDT, 03/24/2026 (MT Newswires) -- Fairchild Gold ( FCHDF ) on Tuesday said it entered into a definitive asset purchase agreement with Emergent Metals (EMR), as well as both parties' respective units, to buy the Golden Arrow Property as previously announced on Sept. 29, 2025.

The company said as consideration for the deal, EMR shall receive, upon closing, a combination of cash, common shares, net smelter returns royalty and a senior secured note. EMR, on closing, will get US$600,000 in cash, of which $250,000 was previously provided in the form of a non-refundable deposit and 12.5-million common shares.

EMR will also get US$3.5 million principal amount under the note, subject to an early repayment mechanism and a 0.5% net smelter returns royalty on the property, subject to standard buyback provisions, upon closing. The company said it is also required to fund about US$40,000 reclamation bond upon the closing of the deal.

Shares of the company were last seen down 6.3% at $0.075 on the TSX Venture Exchange.

Price: 0.08, Change: -0.01, Percent Change: -6.25