Voyageur Mineral receives conditional OK for Evolve RTO

Executive Summary

• Voyageur Mineral Explorers Corp. and Evolve Strategic Element Royalties Ltd. have received conditional approval from the Canadian Securities Exchange (CSE) for their proposed reverse take-over (RTO) and business combination.
• Upon completion, the combined entity will be renamed Evolve Royalties Ltd. and will trade on the CSE under the symbol "EVR".
• The transaction includes the appointment of two new independent directors, Mathieu Gignac and Elif Levesque, to the board of directors upon closing.

Key Details

• Regulatory Approval: Received conditional approval from the CSE pursuant to CSE Policy 8 (Fundamental Changes and Changes of Business).
• Transaction Structure: Reverse take-over and business combination between Voyageur Mineral Explorers Corp. and Evolve Strategic Element Royalties Ltd.
• Listing Details:
  • New ticker symbol: EVR.
  • Exchange: Canadian Securities Exchange (CSE).
  • Final approval is subject to meeting specific CSE conditions, including completing the business combination and the name change.
• Timeline: The parties expect to file the listing statement on SEDAR+ and complete the business combination, name change, and a previously announced brokered subscription receipt offering in the coming days.
• Board Appointments:
  • Mathieu Gignac: Appointed as independent director. President of G Mining Services; 25+ years in mining engineering and project management (Merian, Fruta del Norte, Tocantinzinho projects).
  • Elif Levesque: Appointed as independent director. Chartered Professional Accountant with 25+ years in finance/treasury. Former CFO of Nomad Royalty Company and Osisko Gold Royalties.
  • Existing Directors: Joseph de la Plante (CEO), Vincent Metcalfe (CIO), and Fraser Laschinger remain on the board.
• Company Background (Voyageur):
  • Focuses on mineral properties in northwestern Manitoba and northeastern Saskatchewan.
  • Holds royalties in the Flin Flon greenstone belt, including:
    • Net tonnage royalty on Foran Mining’s McIlvenna Bay project (McIlvenna Bay deposit and Tesla zone).
    • Net smelter return (NSR) royalty on Foran Mining’s Bigstone deposit.
    • NSR royalty on Callinex Mines Inc.’s Pine Bay project (Rainbow deposit).

Notable Quotes

• "The CSE's conditional approval is an important milestone in the launch of Evolve Royalties Ltd.," said Joseph de la Plante, president and chief executive officer. "Our upcoming listing will position Evolve to execute on our growth strategy as we work to build a significant new player in the copper royalty space."
• "We're also pleased to welcome our new independent directors, Mathieu Gignac and Elif Levesque, whose deep technical and financial expertise will be invaluable as we advance our business." — Joseph de la Plante