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Voyageur and Evolve Royalties Receive Conditional Approval for Proposed Reverse Take-Over and Listing on the CSE and Announce Board of Directors
Globenewswire· 2025-12-10 12:30
Core Viewpoint - Voyageur Mineral Explorers Corp. and Evolve Strategic Element Royalties Ltd. have received conditional approval from the Canadian Securities Exchange for their business combination, marking a significant step towards establishing Evolve as a key player in the copper royalty sector [1][2]. Company Overview - Voyageur is a Canadian junior mineral exploration company focused on mineral properties in Northwest Manitoba and Northeast Saskatchewan, owning royalties in the Flin Flon greenstone belt [11]. - Evolve is a private strategic metals royalty company aiming to apply the royalty and streaming model to emerging strategic mines, with a focus on low-carbon and digital economy assets [12]. Business Combination Details - The business combination will result in Voyageur changing its name to Evolve Royalties Ltd., with shares expected to trade under the symbol "EVR" upon final approval [2][3]. - The completion of the business combination is contingent upon meeting specific conditions set by the CSE, including the finalization of the business combination and the name change [2][3]. Board of Directors Announcement - Upon closing of the business combination, Mathieu Gignac and Elif Lévesque will join the Board of Directors, enhancing the board's expertise alongside existing members Joseph de la Plante, Vincent Metcalfe, and Fraser Laschinger [4]. Leadership Profiles - Joseph de la Plante has over 15 years of experience in the mining sector, previously serving as Chief Investment Officer of Nomad Royalty Company Ltd. and playing a key role in the development of Osisko Gold Royalties Ltd. [5]. - Vincent Metcalfe has over 20 years of experience in M&A and capital raising, previously serving as CEO of Nomad Royalty Company Ltd. [6]. - Elif Lévesque, a Chartered Professional Accountant, has over 25 years of experience in finance and was previously CFO of Nomad Royalty Company Ltd. [7][8]. - Mathieu Gignac has over 25 years of experience in the mining industry, known for his project management expertise in significant mining projects [9]. - Fraser Laschinger has over 15 years of experience in capital markets and was a co-founder of Mineral Streams Inc., which was acquired by AuRico Metals Inc. [10]. Royalty Portfolio - Evolve's royalty portfolio includes a 0.51% net profit interest on Teck Resources Limited's Highland Valley Copper Operation, a 5% NSR royalty on copper from Hudbay Minerals Inc.'s Copper Mountain Mine, and a 2% NSR royalty on the Sal de Los Angeles Lithium Brine Project in Argentina [13].