{
  "id": 7795198,
  "title": "Lahontan Gold to acquire Emergent Metals in all-share deal",
  "url": "https://urgent.news/2026/09/16/lahontan-gold-to-acquire-emergent-metals-in-all-share-deal",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-16T13:40:32.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/company-news/lahontan-gold-to-acquire-emergent-metals-in-allshare-deal-93CH-4903920"
  },
  "original_language": "en",
  "account": "Toronto-based Gold Corp. Lahontan (TSXV:LG, OTCQB:LGCXF, FSE:Y2F) recently announced a definitive agreement to acquire all of Emergent Metals Corp.'s outstanding common shares. In exchange, Emergent shareholders will receive one share of Lahontan for every three and a quarter shares they hold, valued at $0.115 per Emergent share. This price represents a 47.8% premium over Emergent's 30-day average share price. The deal eliminates around $2.39 million in future payments Lahontan would have to make to secure the remaining interest in the West Santa Fe project. After the acquisition, Lahontan will own a 95.3% stake in the combined company, while Emergent shareholders will hold 4.7%. The transaction will also grant Lahontan full ownership of the West Santa Fe project, including elimination of associated royalties. Additionally, Lahontan will gain control of the New York Canyon project, adjacent to the Santa Fe Mine, and assume a $4.83 million promissory note from Fairchild Gold Corp. The deal requires approval from at least two-thirds of Emergent shareholders at an upcoming meeting, and completion depends on shareholder approval, court orders, TSX Venture Exchange acceptance, and other regulatory approvals.",
  "summary": null,
  "key_points": [
    "Lahontan Gold to acquire Emergent Metals in all-share deal",
    "Emergent shareholders to receive one Lahontan share for every 3.25 Emergent shares"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}