CARP fluorspar project Acquired by Evion Group | Energy M&A Deal

Evion Group has completed the acquisition of the CARP fluorspar project, a energy services other business in Nevada, for $6.635 million. Evion Group acquisitions extend beyond graphite as it secures exposure to fluorspar, a critical mineral used in industrial and defense supply chains. The CARP fluorspar project in Lincoln County includes historical production and additional adjacent mining claims to expand the Nevada resource footprint. The add on acquisition is structured as an exclusive option to acquire 100% of CARP, with upfront payments of US$150,000 cash and US$250,000 in shares, plus deferred consideration and US$3.75 million in exploration spend over four years, supported by a two-tranche share placement.