Tin Royalty on the Uis Mine Acquired by Evolve Royalties | Energy M&A Deal

Evolve Royalties has completed the acquisition of Tin Royalty on the Uis Mine, a energy services other business in Namibia, for $32.5 million. Evolve Royalties acquires Tin Royalty on the Uis Mine, a sliding-scale gross revenue contractual royalty tied to the producing Uis Tin-Tantalum Mine operated by Andrada Mining Ltd. The Uis Royalty provides immediate cash-flowing tin royalty exposure on a long-life mine, supporting Evolve Royalties acquisitions in energy M&A. The strategic add on acquisition is a strategic acquisition by a strategic buyer and is structured as an add on acquisition, with total consideration of $22.5 million cash and $10.0 million in Evolve common shares.