Disseminated on behalf of Lahontan Gold Corp. and may include paid advertising.
- Gold had an extraordinary run, trading above $5,000 an ounce earlier this year and projected to remain above $5,000 at year end.
- Lahontan Gold announced a definitive agreement to acquire Emergent Metals Corp., a transaction that would consolidate Lahontan’s ownership of the Santa Fe West property to 100%.
- “The acquisition of Emergent Metals represents another important step in Lahontan’s disciplined growth strategy,” says company founder.
Gold is trading near historic highs, and investors are looking for developers who can turn that price strength into real ounces in the ground. Dual-listed on the TSX Venture Exchange and OTCQB, Lahontan Gold (TSX.V: LG) (OTCQB: LGCXF) (FSE:Y2F) is one of those developers, advancing a package of gold and silver projects in Nevada’s Walker Lane trend. The company recently took a significant step toward that goal, consolidating ownership of a key project and eliminating royalty obligations along the way.
The precious metal has had an extraordinary run. Spot prices broke above $5,000 an ounce for the first time in January 2026, then briefly topped $5,500 before pulling back. By mid-September, gold was trading near $4,300 an ounce.
Central bank buying has been the biggest driver of that rally. The World Gold Council has tracked record-setting purchases from central banks, alongside strong demand for gold-backed ETFs and safe-haven flows tied to geopolitical tension. Goldman Sachs has raised its 2026 year-end price target to $5,400 an ounce, while Morgan Stanley has pointed to $5,200.
That price backdrop changes the math for gold developers. Projects that were once marginal at lower prices can become economic, and companies with defined resources and a path to production tend to draw more investor attention. Nevada’s Walker Lane, a mineral-rich trend that has produced gold for more than a century, is one of the regions benefiting most from that renewed interest.
Lahontan Gold Corp. sits squarely inside that trend. In September, the company announced a definitive agreement to acquire Emergent Metals Corp., a transaction that would consolidate Lahontan’s ownership of the Santa Fe West property to 100%, further strengthening its position at the Santa Fe Mine project in Nevada.
The transaction gives Lahontan full ownership of its West Santa Fe project. It also eliminates a 1% net smelter return royalty on that property, along with a matching royalty on 27 adjacent York claims. The deal adds the New York Canyon project, which sits directly along the southern boundary of the Santa Fe Mine, bringing Lahontan’s total Walker Lane land package to more than 93 square kilometers.
Lahontan is also picking up additional assets through the deal, including a promissory note and equity stake tied to Emergent’s prior sale of its Golden Arrow property, along with a portfolio of gold royalties in Quebec and a package of leased mining claims in Nevada. An independent fairness opinion from Evans & Evans Inc. found the consideration fair to Emergent shareholders, and Emergent’s board has unanimously recommended the deal.
“The acquisition of Emergent Metals represents another important step in Lahontan’s disciplined growth strategy,” said Lahontan Gold founder, chair, CEO and president Kimberly Ann. “This transaction consolidates our ownership of West Santa Fe, eliminates royalties at both West Santa Fe and the York claims at Santa Fe, adds the strategically important New York Canyon project to our regional-scale Walker Lane land package, and provides Lahontan with additional royalties, claims and other assets.”
The company’s growth strategy centers on the Santa Fe Mine, a past-producing operation that yielded 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995, according to Nevada Bureau of Mines records cited in the release. The project currently carries a NI 43-101 compliant indicated resource of 1,195,000 gold-equivalent ounces, plus an inferred resource of 1,190,000 gold-equivalent ounces. Santa Fe sits alongside three other projects in Lahontan’s Nevada portfolio: West Santa Fe, Moho and Redlich.
Lahontan’s stated objectives for 2026 include completing an updated preliminary economic assessment for Santa Fe, advancing mine permitting with construction targeted for 2027 and drilling toward a maiden resource estimate at West Santa Fe by year-end. Combined with the elimination of royalty payments and a larger, consolidated Nevada land position, the Emergent transaction gives Lahontan a stronger platform to advance that plan, right as gold prices continue to reward developers who can move toward near-term production.
For more information, visit the company’s website at www.LahontanGoldCorp.com.
NOTE TO INVESTORS: The latest news and updates relating to LGCXF are available in the company’s newsroom at https://nnw.fm/LGCXF
About NetworkNewsWire
NetworkNewsWire (“NNW”) is a specialized communications platform with a focus on financial news and content distribution for private and public companies and the investment community. It is one of 75+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled recognition and brand awareness. NNW is where breaking news, insightful content and actionable information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 888-902-4192 (U.S. Mobile Phones Only)
For more information, please visit https://www.NetworkNewsWire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: https://www.NetworkNewsWire.com/Disclaimer
NetworkNewsWire
Austin, Texas
www.NetworkNewsWire.com
512.354.7000 Office
[email protected]
NetworkNewsWire is powered by IBN
