# Lahontan Consolidates Ownership of West Santa Fe, Eliminates Royalties, and Adds Strategic New York Canyon Project Through Acquisition of Emergent Metals Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/lahontan-consolidates-ownership-of-west-santa-fe-eliminates-royalties-and-adds-s--cf5c1b92-12a3-4dcc-86bc-0f478e15b913 Original source: https://www.globenewswire.com/news-release/2026/09/16/3363279/0/en/lahontan-consolidates-ownership-of-west-santa-fe-eliminates-royalties-and-adds-strategic-new-york-canyon-project-through-acquisition-of-emergent-metals.html Publisher: globenewswire Original announcement: 2026-09-16T00:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-16T14:36:53.345Z Atlas analysis updated: 2026-09-16T14:36:53.345Z - Company: Lahontan Gold Corp. - Ticker: LG - Exchange: Unavailable - Region: Nevada - Primary commodity: Gold - Secondary commodities: Silver, Copper, Molybdenum - Document categories: Resource update, Agreement transaction - Extracted: 2026-09-16 14:36:53 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Lahontan Gold Corp. has entered into a definitive agreement to acquire Emergent Metals Corp. via a court-approved plan of arrangement. The transaction consolidates Lahontan's ownership of the West Santa Fe project to 100%, eliminates existing royalties, and adds the New York Canyon project to its Nevada land package. Reasoning: Strategic acquisition that consolidates ownership, eliminates significant royalty costs, and adds a highly prospective copper-gold-silver-molybdenum system to the flagship project area. - Positive factor: Consolidation of 100% ownership of West Santa Fe project - Positive factor: Elimination of royalty burdens on West Santa Fe and York claims - Positive factor: Acquisition of strategic New York Canyon project adjoining Santa Fe Mine - Positive factor: Expansion of regional-scale land package in Walker Lane - Negative factor: Assumption of US$3.5M promissory note Facts used in scoring: 4 ## Classification and evidence **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The Santa Fe Mine resource is explicitly stated as NI 43-101 compliant. Evidence · text > The Santa Fe Mine has a NI 43-101 compliant Indicated Mineral Resource **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The document provides current resource figures for the Santa Fe Mine. Evidence · text > Current Resources: The Santa Fe Mine has a NI 43-101 compliant Indicated Mineral Resource ## Extracted facts Stored fact records: 4. Some facts used in scoring do not have a stored record. ## Resource Estimates (4) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lahontan-consolidates-ownership-of-west-santa-fe-eliminates-royalties-and-adds-s--cf5c1b92-12a3-4dcc-86bc-0f478e15b913#fact-resource-facts-0) Santa Fe Mine · gold #### Identity - Project: Santa Fe Mine - Commodity: gold - Region: usa\_nv - Reported Region: Nevada - Ticker: LG #### Resource scope - Estimate type: resource - Effective date: 2026-08-13T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian J. Maher - Resource group id: resource:b73abe2579c952354ab5 - Deposit or zone: Santa Fe Mine - Mining method: open\_pit - Material type: oxide - Resource basis: attributable #### Resource Data - Category: indicated - Tonnes: 47532000 - Grade: 0.72 - Grade Unit: g/t - Cutoff Grade: 0.1 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2026-08-13 #### Metal Equivalent - Metal Eq. Grade: 0.78 - Metal Eq. Unit: g/t Au Eq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-16T00:00:00.000Z Reasoning: Large indicated resource at flagship project. - Positive factor: NI 43-101 compliant Evidence · text > Santa Fe Mine has a NI 43-101 compliant Indicated Mineral Resource of 1,195,000 oz Au Eq \(47,532,000 tonnes grading 0.72 g/t Au and 5.55 g/t Ag, together grading 0.78 g/t Au Eq\) #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lahontan-consolidates-ownership-of-west-santa-fe-eliminates-royalties-and-adds-s--cf5c1b92-12a3-4dcc-86bc-0f478e15b913#fact-resource-facts-1) Santa Fe Mine · silver #### Identity - Project: Santa Fe Mine - Commodity: silver - Region: usa\_nv - Reported Region: Nevada - Ticker: LG #### Resource scope - Estimate type: resource - Effective date: 2026-08-13T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian J. Maher - Resource group id: resource:b73abe2579c952354ab5 - Deposit or zone: Santa Fe Mine - Mining method: open\_pit - Material type: oxide - Resource basis: attributable #### Resource Data - Category: indicated - Tonnes: 47532000 - Grade: 5.55 - Grade Unit: g/t - Cutoff Grade: 0.1 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2026-08-13 #### Metal Equivalent - Metal Eq. Grade: 0.78 - Metal Eq. Unit: g/t Au Eq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-16T00:00:00.000Z Reasoning: Secondary metal component of indicated resource. - Positive factor: NI 43-101 compliant Evidence · text > 47,532,000 tonnes grading 0.72 g/t Au and 5.55 g/t Ag, together grading 0.78 g/t Au Eq #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lahontan-consolidates-ownership-of-west-santa-fe-eliminates-royalties-and-adds-s--cf5c1b92-12a3-4dcc-86bc-0f478e15b913#fact-resource-facts-2) Santa Fe Mine · gold #### Identity - Project: Santa Fe Mine - Commodity: gold - Region: usa\_nv - Reported Region: Nevada - Ticker: LG #### Resource scope - Estimate type: resource - Effective date: 2026-08-13T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian J. Maher - Resource group id: resource:796524da326c7b3b2b21 - Deposit or zone: Santa Fe Mine - Mining method: open\_pit - Material type: oxide - Resource basis: attributable #### Resource Data - Category: inferred - Tonnes: 60605000 - Grade: 0.59 - Grade Unit: g/t - Cutoff Grade: 0.1 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2026-08-13 #### Metal Equivalent - Metal Eq. Grade: 0.61 - Metal Eq. Unit: g/t Au Eq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-16T00:00:00.000Z Reasoning: Large inferred resource component. - Positive factor: NI 43-101 compliant - Negative factor: Inferred category Evidence · text > Inferred Mineral Resource of 1,190,000 oz Au Eq \(60,605,000 tonnes grading 0.59 g/t Au and 2.40 g/t Ag, together grading 0.61 g/t Au Eq\) #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lahontan-consolidates-ownership-of-west-santa-fe-eliminates-royalties-and-adds-s--cf5c1b92-12a3-4dcc-86bc-0f478e15b913#fact-resource-facts-3) Santa Fe Mine · silver #### Identity - Project: Santa Fe Mine - Commodity: silver - Region: usa\_nv - Reported Region: Nevada - Ticker: LG #### Resource scope - Estimate type: resource - Effective date: 2026-08-13T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian J. Maher - Resource group id: resource:796524da326c7b3b2b21 - Deposit or zone: Santa Fe Mine - Mining method: open\_pit - Material type: oxide - Resource basis: attributable #### Resource Data - Category: inferred - Tonnes: 60605000 - Grade: 2.4 - Grade Unit: g/t - Cutoff Grade: 0.1 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2026-08-13 #### Metal Equivalent - Metal Eq. Grade: 0.61 - Metal Eq. Unit: g/t Au Eq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-16T00:00:00.000Z Reasoning: Secondary metal component of inferred resource. - Positive factor: NI 43-101 compliant Evidence · text > 60,605,000 tonnes grading 0.59 g/t Au and 2.40 g/t Ag, together grading 0.61 g/t Au Eq #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.