en.Wedoany.com Reported - Emergent Metals Corp. provided an update on April 24, 2026, regarding the New York Canyon (NY Canyon) copper project located in Mineral County, Nevada. The project consists of 320 unpatented and 21 patented mining claims, covering approximately 6,800 acres, situated in the Santa Fe mining district, about 30 miles east of the town of Hawthorne. The Company has entered into confidentiality agreements with several interested parties and is currently seeking a sale, option, or joint venture for the project on the open market.

NY Canyon comprises two blocks: the North Block and the South Block. The South Block hosts copper skarn and porphyry mineralization at the Longshot Ridge, Copper Queen, and Champion targets. The North Block contains copper skarn, porphyry, and gold mineralization and is adjacent to the Santa Fe mine, which is being advanced toward production by Lahontan Gold Corporation (TSXV:LG). In October 2025, Emergent sold 27 mining claims from the North Block to Lahontan, receiving $60,000 in cash and 2 million shares. The Santa Fe mine has historically produced 359,202 ounces of gold and 702,067 ounces of silver, with NI 43-101 indicated resources totaling 1.539 million ounces of gold equivalent.

Copper has been designated a critical mineral by the U.S. Department of Energy and the U.S. Geological Survey (USGS), playing a vital role in clean energy and grid infrastructure. NY Canyon is located in Nevada, which ranked first in the Fraser Institute's 2025 Mining Investment Survey. The project has a history of mining since 1875, with a cumulative total of 274 drill holes spanning approximately 139,000 feet. Historically, companies including Conoco, Kennecott (a Rio Tinto subsidiary), and Ivanhoe Electric have explored the site, but none have advanced it to production. David Watkinson, President and CEO of Emergent, commented: "The work by Kennecott and Ivanhoe has confirmed the project's potential for discovering additional skarn and copper porphyry mineralization. The project features multiple targets and is well-suited for a junior or mid-tier company. We are seeking a partner to acquire and advance NY Canyon."

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