The Export Metadata tool does not export spatial reference information when exporting to FGDC format. This was identified as a bug in 2020 (BUG-000124294). The workaround suggested by ESRI is to “Use the ArcCatalog stand-alone application” or use the ‘Save-As’ option. The ‘Save-As’ button produces an incorrectly formatted XML file. Because ArcCatalog will no longer be supported as of March 2026, we need another solution. Please enable the export of the spatial reference info for those of us with requirements to produce FGDC metadata for our clients.