Evolve Strategic Element Royalties holds an interest in the Copper Mountain mine in British Columbia. Hudbay Minerals
Private firm Evolve Strategic Element Royalties is poised to acquire the Prairies- and copper-zinc-gold-focused Voyageur Mineral Explorers (CSE: VOY) in a reverse takeover valued at C$70.3 million ($50.9m).
Voyageur is to acquire all of Evolve’s shares at C$0.80 apiece and will continue its exploration work as well as take on Evolve’s royalties activities, according to an agreement between the companies, they reported Wednesday. Voyageur holds several exploration projects in northwest Manitoba and southeast Saskatchewan, such as the Gold Rock and Hanson Lake sites.
“This strategic business combination marks a transformative event for Voyageur, creating a stronger, more diversified emerging leader in copper mining royalties,” Voyageur President and CEO Fraser Laschinger said in a…
