Pedra Branca Royalty Acquisition - Gold Royalty Corp is set to acquire a royalty over the Pedra Branca mine in Brazil for $70 million in cash from BlackRock World Mining Trust plc[9, 39] - The royalty terms include a 25% net smelter royalty (NSR) on gold and a 2% NSR on copper[9, 39] - The royalty covers the Pedra Branca East and West deposits without step-downs or buybacks[9, 39] - The Pedra Branca East mine achieved first production in 2020 as a 1.0 million tonnes per annum (Mtpa) operation[9, 39] Financial Performance and Outlook - The royalty generated approximately $7.9 million in revenue for the 12 months ended June 30, 2025, equivalent to approximately 2,800 gold equivalent ounces (GEOs)[15, 39] - Gold Royalty is now debt-free with nearly $100 million in available cash and unused credit facilities[16] Asset Details - Pedra Branca is located in the Carajás region of Brazil's Pará state[9, 39] - Mineral resources at Pedra Branca are estimated at 26 million tonnes (Mt) at 0.41 g/t Au and 1.38% Cu[21] - The mine has proven reserves of 1.3 Mt at 0.48 g/t Au and 1.80% Cu, and probable reserves of 3 Mt at 0.49 g/t Au and 1.85% Cu[26] Ownership and Strategic Support - CoreX Holding BV agreed to acquire Pedra Branca from BHP on August 18, 2025[9, 39] - CoreX Holding is a global holding company operating across 10 industries, with a focus on metals and mining[35] - Strategic investors and insiders hold 10% of the company's shares, with institutional investors holding 10% and public and other investors holding 8%[37]

Core Viewpoint - Voyageur Mineral Explorers Corp. is set to acquire Evolve Strategic Element Royalties Inc. through a statutory three-cornered amalgamation, which will enhance its position in the copper royalty sector and provide immediate cash flow and growth opportunities [1][5][10]. Transaction Details - The acquisition will involve Voyageur consolidating its shares on a 1-for-4 basis and changing its name to "Evolve Royalties Ltd." [3] - The transaction implies a purchase price of C$0.80 per Evolve Share, totaling approximately C$70.3 million, representing a 7% premium to Voyageur's 35-day volume-weighted average price [10]. - Upon completion, the Resulting Issuer is expected to have approximately 33,170,070 common shares outstanding, with 24.5% held by Voyageur shareholders and 75.5% by former Evolve shareholders [11]. Strategic Rationale - The merger is expected to create a stronger, diversified leader in copper mining royalties, enhancing growth potential and shareholder value [6]. - Evolve's portfolio includes royalties on two of Canada's largest copper mines and exposure to McIlvenna Bay, anticipated to be a major copper producer [5][9]. Leadership and Governance - The executive team of the Resulting Issuer will include Joseph de la Plante as CEO, with a strong background in building royalty businesses and capital raising [18][19][20]. - The board of directors will consist of key figures from both companies, ensuring continuity and strategic alignment [23][24]. Shareholder Support - The transaction has received unanimous approval from the boards of both companies, with significant shareholder support agreements in place [14][17]. - Shareholder meetings will be held to seek necessary approvals for the amalgamation and related matters [13]. Future Outlook - The Resulting Issuer aims to leverage its enhanced market presence and access to capital to pursue further growth opportunities in the copper sector [9]. - The completion of the transaction is expected in the fourth quarter of 2025, subject to regulatory approvals [27].