Voyageur and Evolve Raise Financing to Propel Growth Forward

Voyageur Mineral Explorers Corp. and Evolve Strategic Element Royalties Expand Financing

In a recent announcement, Voyageur Mineral Explorers Corp. (CSE: VOY) and Evolve Strategic Element Royalties Ltd. confirmed a significant increase in their previously announced financing initiative due to overwhelming investor interest. The new financing has been raised to approximately $37.5 million from the original estimate of about $20 million. This expansion comes as a part of an ongoing commitment to grow and develop valuable mineral resources.

Details of the Financing Initiative

The financing, labeled the Evolve Offering, will be facilitated by a collective of agents led by Canaccord Genuity Corp. and Stifel Nicolaus Canada Inc. As part of this adjustment, terms were modified to remove the original option for agents to sell 15% additional subscription receipts, highlighting the strong demand from investors eager to support the venture.

Utilization of Funds

The proceeds from this financing are earmarked for vital growth investments as well as working capital to support the broader corporate activities associated with the merger between Voyageur and Evolve. These funds are crucial not just for day-to-day operations but also aim to ramp up production and secure further strategic developments within the sector.

About Evolve Strategic Element Royalties Ltd.

Founded under the British Columbia Business Corporations Act, Evolve Strategic Element Royalties Ltd. represents a pioneering effort in the mining industry, focusing on securing royalties from strategic metal operations. The company aims to leverage its royalty and streaming model to align with emerging low-carbon initiatives and to support the digital economy. Among its notable assets, Evolve holds a 0.51% net profit interest in Teck Resources Limited's Highland Valley Copper Operation.

About Voyageur Mineral Explorers Corp.

Voyageur is recognized as a forward-thinking junior mineral exploration company, focusing on valuable mineral properties across Canada. They hold royalties within the rich Flin Flon greenstone belt, which contribute to their robust growth potential. Their portfolio includes significant interests in projects like Foran Mining Corporation's McIlvenna Bay Project, cementing their standing in the competitive market.

Leadership Team

Fraser Laschinger serves as the President and CEO of Voyageur Mineral Explorers Corp., while Joseph de la Plante holds the same position at Evolve. Together, they spearhead initiatives aimed at forging strong partnerships and enhancing shareholder value through this financing.

Future Outlook

As both companies embark on this journey of expansion and exploration, they are focused on creating shareholder value while addressing the increasing demands of the market. The funds raised will not only bolster their financial standing but also empower them to explore promising new projects and technologies linked to sustainable mineral resources.

Frequently Asked Questions

What is the total amount raised in the financing initiative?

The financing has been increased to approximately $37.5 million, up from the initial $20 million.

Who are the primary agents involved in this financing?

The financing initiative is primarily led by Canaccord Genuity Corp. and Stifel Nicolaus Canada Inc.

What purpose will the proceeds of the offering serve?

The funds will support new growth investments and general corporate purposes post-merger between Voyageur and Evolve.

What strategic interests does Evolve hold?

Evolve holds various royalties, including a significant interest in Teck Resources' Highland Valley Copper Operation.

Who are the leaders of Voyageur and Evolve?

Fraser Laschinger is the President and CEO of Voyageur, while Joseph de la Plante serves as the President and CEO of Evolve.

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