Electric Metals (USA) Ltd press release

Emergent Metals Files Amended and Restated Q2 2026 Financial Statements and MD&A and Provides Update on Plan of Arrangement with Lahontan Gold

2026-10-16

TSXV - TSX Venture Exchange · Manganese · Iron · Silver · Gold · United States · Regulatory Filings

(TheNewswire)

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Vancouver, British Columbia – TheNewswire - October 15, 2026 – Emergent Metals Corp. (TSXV: EMR, OTCQB: EGMCF, FRA: EML, MUN: EML)(“Emergent” or the “Company”)announces that it has filed amended and restated unaudited condensed interim consolidated financial statements for the three and six months ended June 30, 2026 (the “Amended Financial Statements”), together with the related amended and restated management’s discussion and analysis (the “Amended MD&A” and, together with the Amended Financial Statements, the “Amended Filings”). The Amended Filings amend and restate the corresponding financial statements and MD&A originally filed on August 28, 2026 (the “Original Filings”).

The Amended Filings correct certain accounting and disclosure matters identified following the filing of the Original Filings. The corrections reduced share capital and accumulated other comprehensive loss by US$231,040 and increased comprehensive loss by US$263,894 for the three months and US$297,428 for the six months ended June 30, 2026. The corrections did not affect the Company’s assets, liabilities, net loss, total equity or cash balance.

Further details regarding the amendments are set out in the Amended Financial Statements and Amended MD&A. The Amended Filings replace and supersede the Original Filings, and readers should rely only on the Amended Filings, which are available under the Company's profile on SEDAR+ at www.sedarplus.ca.

Update on Plan of Arrangement with Lahontan Gold

Emergent entered into an arrangement agreement dated September 15, 2026 (the “Arrangement Agreement”) with Lahontan Gold Corp. (“Lahontan”), pursuant to which Lahontan proposes to acquire all of the issued and outstanding common shares of Emergent by way of a court-approved plan of arrangement (the “Transaction”). Further details of the Transaction were announced in the Company's news release dated September 16, 2026. The Arrangement Agreement, including the plan of arrangement, is available under Emergent's and Lahontan's respective profiles on SEDAR+ at www.sedarplus.ca.

The Company has received conditional acceptance from the TSX Venture Exchange (the “TSXV”) for the Transaction. Emergent is preparing its management information circular for its annual general and special meeting of shareholders scheduled for December 4, 2026, at which shareholders will be asked to vote on the Transaction and other business. The Company is also preparing the related court materials. Completion of the Transaction remains subject to shareholder and court approval, final acceptance of the TSXV, any other required approvals, and satisfaction or waiver of the conditions set out in the Arrangement Agreement.

Reminder of November 2026 Warrant Expiries

The Company reminds holders of common share purchase warrants issued in connection with private placements completed on November 14 and 19, 2024 that the warrants (the “Warrants”) are scheduled to expire on November 14 and 19, 2026, respectively. Each whole Warrant entitles its holder to acquire one common share of Emergent (an “Emergent Share”) at an exercise price of C$0.10 per share. The Warrants are non-transferable, and management does not currently intend to seek an extension of their term.

Under the terms of the proposed Transaction, Emergent shareholders would receive 0.3115 of a common share of Lahontan (a “Lahontan Share”) for each Emergent Share held, equivalent to approximately one Lahontan Share for every 3.21 Emergent Shares. Completion of the Transaction remains subject to required approvals and other conditions and is not assured. Warrant holders should consult their own advisers and review the terms of their Warrants before making any decision regarding exercise.

About Emergent Metals Corp.

Emergent is a mineral exploration and royalty company focused on Nevada and Quebec. The Company’s strategy has been to acquire, advance, and monetize mineral assets through exploration and transactions including sales, options, joint ventures, and royalty arrangements. Additional information regarding Emergent is available at www.emergentmetals.comand under the Company’s profile on SEDAR+ at www.sedarplus.ca.

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: info@emergentmetals.com

Neither the 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”) within the meaning of applicable securities laws. Forward-looking information includes, but is not limited to, statements regarding the proposed Transaction, its anticipated timing, required approvals and completion, and the Company's intentions regarding the outstanding Warrants. In this news release, words such as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate”, and similar expressions, and the negative form thereof, are used to identify forward-looking information. Forward-looking information is based on management’s reasonable assumptions, expectations, estimates, and projections as of the date of this news release and is subject to known and unknown risks, uncertainties, assumptions, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such forward-looking information. These risks and uncertainties include, but are not limited to, risks associated with obtaining the required shareholder, court, exchange and other approvals for the Transaction, the satisfaction or waiver of closing conditions, the timing or completion of the Transaction, and general economic, financial market and business conditions. Readers are cautioned not to place undue reliance on forward-looking information. The Company does not undertake any obligation to update or revise any forward-looking information, except as required by applicable securities laws.

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