Not for distribution to United States newswire services or for release, publication, distribution or dissemination, directly or indirectly, in whole or in part, in or into the United States. TORONTO, Dec. 10, 2025 (GLOBE NEWSWIRE) -- Voyageur Mineral Explorers Corp. (“Voyageur”) (CSE: VOY) and Evolve Strategic Element Royalties Ltd. (“Evolve”) are pleased to announce that they have received conditional approval from the Canadian Securities Exchange (“CSE”) pursuant to CSE Policy 8 – Fundamental Changes and ...

Core Points - Voyageur Mineral Explorers Corp. and Evolve Strategic Element Royalties Ltd. have successfully completed shareholder votes for their business combination through a "three-cornered" amalgamation [1][3] - The Voyageur Meeting saw 99.978% of votes in favor of a share consolidation and 100% in favor of a name change to "Evolve Royalties Ltd." [2] - Evolve Shareholders also voted unanimously in favor of the amalgamation with Voyageur Subco [3] Voyageur Mineral Explorers Corp. - Voyageur is a Canadian junior mineral exploration company focused on mineral properties in Northwest Manitoba and Northeast Saskatchewan [5] - The company holds royalties in the Flin Flon greenstone belt, including a net tonnage royalty on Foran Mining Corporation's McIlvenna Bay Project and NSR on other deposits [5] Evolve Strategic Element Royalties Ltd. - Evolve is a private strategic metals royalty company aiming to apply the royalty and streaming model to next-generation strategic mines [6] - The company's royalty portfolio includes a 0.51% net profit interest on Teck Resources' Highland Valley Copper Operation and various NSR royalties on other mining projects [6][7] Business Combination Details - The completion of the business combination is subject to certain closing conditions, including approval from the Canadian Securities Exchange [4] - Voyageur intends to obtain approval for the business combination through written consent from its majority shareholder [3]

Core Points - Voyageur Mineral Explorers Corp. and Evolve Strategic Element Royalties Ltd. have completed a private placement of 46,875,000 subscription receipts at a price of $0.80 each, raising gross proceeds of $37.5 million [1][2] Group 1: Offering Details - The gross proceeds will be held in escrow until certain conditions are met, including the completion of the proposed business combination between Voyageur and Evolve [2] - Each subscription receipt will convert into one common share of Evolve upon satisfaction of escrow release conditions within 90 days following the closing date of the offering [3] - The net proceeds from the offering are intended for new growth investments and general corporate purposes of the resulting issuer after the business combination [4] Group 2: Agents and Commissions - The offering was completed under an agency agreement with Canaccord Genuity Corp. and Stifel Nicolaus Canada Inc. as co-lead agents, along with several other financial institutions [5] - A cash commission of 6.0% of the gross proceeds is payable to the agents, reduced to 3.0% for certain subscribers, with half of the commission held in escrow pending the satisfaction of escrow release conditions [5] Group 3: Company Profiles - Evolve is a private strategic metals royalty company focused on securing premium assets in the low-carbon and digital economy [6] - Evolve's royalty portfolio includes interests in various mining operations, such as a 0.51% net profit interest in Teck Resources' Highland Valley Copper Operation and a 2% NSR royalty on the Sal de Los Angeles Lithium Brine Project [7] - Voyageur is a Canadian junior mineral exploration company with a focus on mineral properties in Northwest Manitoba and Northeast Saskatchewan, owning royalties in the Flin Flon greenstone belt [8]

Core Points - Matachewan Consolidated Mines, Limited has entered into a definitive purchase and sale agreement to sell its mineral royalties on the Young-Davidson Mine to Alamos Gold Inc, with the transaction closing on May 21, 2025 [1][2] - The sale includes all rights and interests in present and future royalties from 24 mining claims in Powell and Cairo Townships, Ontario [2] - The total consideration for the transaction is C$2,700,000, providing Matachewan with immediate cash inflow to pursue other investment opportunities [3]