04:50 PM EDT, 09/29/2025 (MT Newswires) -- Fairchild Gold ( FCHDF ) on Monday said it entered into a Memorandum of Understanding (MOU) to acquire a 100% interest in the Golden Arrow Project in Nevada from Emergent Metals ( EGMCF ) .

Under the MOU, Fairchild agreed to pay a non-refundable US$250,000 upon signing and an additional US$350,000 upon receipt of approval from the TSX Venture Exchange. It will also issue 12.5-million shares to Emergent and a senior secured note. As well as a non-convertible note with a face value of US$3.5 million, bearing an 8.5 % interest rate, maturing in five years. Lastly, a 0.5% net smelter return (NSR) royalty is offered, with an option to buy it back for between US$1.0 million and US$1.5 million, depending on the exercise date.

Golden Arrow is a past-producing project in Nevada. The property includes two primary resource zones, Gold Coin and Hidden Hill, with historical estimates (measured + indicated and inferred) of 296,500 ounces of gold and 4,008,000 ounces of silver in the Gold Coin/Hidden Hill combined footprint, and 50,400 ounces of gold and 1,249,000 ounces of silver in the inferred zone, Fairchild said.

"Golden Arrow combines a meaningful NI 43-101 resource, strong exploration upside, and a proven district location alongside world-class mines like Round Mountain. Our strategy is to aggressively advance this project and unlock substantial value for our shareholders while contributing to Nevada's proud mining tradition." Executive Chairman Nikolas Perrault said,

The company also announced the appointment of Guy Lauzier as Technical Director for Golden Arrow to assist in the advancement of the project.

Shares of Fairchild Gold ( FCHDF ) closed unchanged at $0.10 on the TSX Venture Exchange, while Emergent also closed unchanged at $0.045 .