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 acquires CARP fluorspar project exposure to critical minerals through the historically producing Lincoln County asset, including adjacent claim staking across about 376 hectares. The CARP fluorspar project acquisition supports Evion Group acquisitions beyond its graphite portfolio, strengthening energy M&A positioning in NV acquisitions. The add-on acquisition is funded by a two-tranche share placement raising A$6.635m at A$0.03 per share, with option payments totaling US$150,000 cash plus US$250,000 shares upfront and deferred consideration of US$1.46m cash and US$1.75m shares over three years. A strategic acquisition structure includes US$3.75m exploration spend over four years and a 3% gross revenue royalty on production.