Regulatory
Evolve Royalties Ltd. Announces Completion of its Business Combination and Listing on the CSE

VOY · Price
Executive Summary
- Evolve Royalties Ltd. completed its previously announced business combination with Evolve Strategic Element Royalties Ltd. and is now listed on the Canadian Securities Exchange (CSE) under ticker “EVR”.
- The company’s common shares will commence trading on the CSE on December 17, 2025; 46,529,423 Evolve Shares are outstanding post‑combination.
- Holders of subscription receipts receive 0.285 Evolve Share per receipt (cost base $2.81 per share), and all shareholders were provided detailed instructions for share conversion.
Key Details
- Business Combination: Completion of the merger between Voyageur Minerals Explorers Corp. (now Evolve Royalties Ltd.) and Evolve Strategic Element Royalties Ltd., resulting in a unified royalty/streaming company focused on copper, base, and battery metals.
- CSE Listing: Commencement of trading scheduled for 2025‑12‑17 under the symbol “EVR”. The listing statement is available on SEDAR+.
- Share Consolidation: Prior 4‑to‑1 share consolidation applied to Voyageur shares; total post‑transaction outstanding shares = 46,529,423.
- Subscription Receipt Conversion: Holders receive 0.285 Evolve Share per receipt; cost base calculated as $2.81/share (receipt issue price $0.80 ÷ 0.285).
- Shareholder Action Required:
- Brokerage‑held or uncertificated shares – automatic conversion, no action needed.
- Registered shareholders with certificates – must submit a letter of transmittal to TSX Trust Company.
- Transfer Agent Contact: TSX Trust Company (toll‑free 1‑866‑600‑5869; outside North America 416‑342‑1091; email [email protected]).
- Advisors: Fasken Martineau DuMoulin LLP represented Evolve Strategic Element Royalties Ltd.; Cassels Brock & Blackwell LLP represented Voyageur Mineral Explorers Corp.
Notable Quotes
“The completion of the Business Combination and listing on the CSE has allowed us to launch Evolve Royalties Ltd., a new growth‑oriented player in the copper royalty and base and battery metals space.” – Joseph de la Plante, President & CEO
The release contains forward‑looking statements regarding future acquisitions and operational plans.
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Dec 10, 2025 · 07:30