Evolve Royalties Enters Into Definitive Agreement in Connection with Previously Announced Acquisition of a Royalty on the Sunnyside Project in Arizona, USA (opens original article in a new tab)

Evolve Royalties has signed a definitive agreement to acquire a royalty on the Sunnyside Project in Arizona, with a total payment of $2.25 million in cash and shares, pending closing conditions.

• Evolve Royalties enters into a definitive royalty purchase agreement to acquire a 0.5% net smelter returns royalty on the Sunnyside Project in Arizona, USA.
• The total consideration for the Sunnyside Royalty is $2.25 million, payable in two instalments with a mix of cash and shares.
• The transaction is subject to customary closing conditions and is expected to close in the coming weeks.