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Evolve Royalties Announces Closing of Previously-Announced Acquisition of Tin Royalty on the Uis Mine in Namibia
(All amounts in United States dollars unless otherwise noted) VANCOUVER, British Columbia, May 13, 2026 (GLOBE NEWSWIRE) -- Evolve Royalties Ltd. (“Evolve” or
About this update from Evolve Royalties Ltd.
[{"type":"text","content":" (All amounts in United States dollars unless otherwise noted) VANCOUVER, British Columbia, May 13, 2026 (GLOBE NEWSWIRE) -- Evolve Royalties Ltd. (“Evolve” or the “Company”) (CSE: EVR; OTCQX: EVRYF) is pleased to announce that it has completed its previously announced acquisition of a tin sliding-scale gross revenue contractual royalty (the “Uis Royalty”) from OMF Fund III (F) Ltd., an entity managed by Orion Resource Partners LP (“Orion”), on revenue from the producing Uis Tin-Tantalum Mine in Namibia, operated by Andrada Mining Ltd. The total consideration paid for the acquisition of the Uis Royalty was $32.5 million, consisting of $22.5 million in cash and the issuance of 4,199,830 common shares of the Company having an aggregate value of $10.0 million. The Uis Royalty provides Evolve with an immediate cash-flowing tin royalty on a producing, long-life mine. Based on current production levels, applicable royalty rate and LME tin prices of approximately $45,000 per tonne, the Uis Royalty is expected to generate revenue between $4.0 and $4.5 million in 20261, providing a meaningful and stable cash flow contribution to Evolve’s portfolio. _______________1 This forward-looking statement constitutes “financial outlook” within the meaning of Canadian securities laws. The purpose of this financial outlook is to provide readers with an understanding of management’s expectations regarding the potential contribution of the Uis Royalty to its 2026 financial performance and may not be appropriate for other purposes. It is based on a number of assumptions, and actual results could vary materially as a result of a number of factors, including the risk factors referenced in this news release. For more information, see the “Forward-Looking Statements” section below. CONTACT INFORMATION For more information about Evolve, please visit www.evolveroyalties.com or contact us: Joseph de la Plante, President & [email protected]+1 514 546 1070 ABOUT EVOLVEEvolve Royalties Ltd. is a royalty and streaming company focused on acquiring high-quality royalties in base and critical metals that support electrification and the global energy transition. The Company’s strategy is to build a diversified portfolio of long-life cash-flowing royalties while maintaining exposure to long-term commodity upside. The Company’s common shares a...