on Evolve Royalties Ltd. (CVE:EVR)
Evolve Royalties Acquires Tin Royalty on Uis Mine in Namibia
Vancouver-based Evolve Royalties Ltd. announced a royalty purchase agreement to acquire a sliding-scale tin royalty on Namibia's Uis Tin-Tantalum Mine from Orion's OMF Fund III (F) Ltd. Totaling $32.5 million, the acquisition involves $22.5 million cash and Evolve common shares worth $10 million. The deal is expected to enhance Evolve's cash flow by $4.0 to $4.5 million in 2026 and offers strategic diversification within its portfolio.
The Uis Mine, historically a significant tin operation, was modernized and recommissioned by Andrada Mining in 2022, with current production levels delivering stable revenue potential. Evolve targets a diversified portfolio by including strategic tin exposure, crucial for electronics and renewable technologies, complementing its copper focus.
The agreement awaits customary regulatory approvals and is set for completion in early 2026, promising Evolve a full year of revenue.
R. E.
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