Africazine:
Evolve Royalties Ltd. has made a significant move in the Namibian mining sector with its recent acquisition.
The company has completed a N9 million (US.5 million) acquisition of a sliding-scale gross revenue royalty linked to tin production at Andrada Mining Ltd.’s Uis Tin-Tantalum Mine. This deal includes N3 million (US.5 million) in cash and N6 million (US million) in Evolve common shares.
Evolve Secures Royalty on Uis Tin Mine
The acquisition positions Evolve to benefit from immediate cash flow generated by one of Namibia’s established mining operations. President and CEO Joseph de la Plante emphasized that this deal aligns with Evolve’s strategy of diversifying its portfolio of long-life producing royalties.
The Uis mine, located in Namibia’s Erongo Region, is historically recognized as one of the largest hard-rock open-pit tin mines globally. It was recommissioned and modernized by Andrada Mining in 2022, enhancing its production capabilities.
Namibia: Key figures on tin production royalty
- N9 million (US.5 million) acquisition
- N3 million (US.5 million) in cash
- N6 million (US million) in Evolve common shares
- Estimated production of 1,000 to 1,100 tonnes of contained tin annually
- Expected revenue of US million to US.5 million during 2026
Strategic Implications for Evolve Royalties
The acquisition strengthens Evolve’s position in critical minerals essential for electrification and semiconductor demand. The Uis royalty is expected to generate substantial revenue based on current production levels and tin prices.
This strategic move positions Evolve as one of the few publicly listed royalty companies with significant exposure to tin, enhancing its portfolio of high-quality cash-flowing royalties and streams.
Next Steps for Evolve Royalties
- Royalty payments to commence on 1 January 2026
- Potential for further expansion linked to additional pegmatite mineralization
Evolve Royalties is poised to capitalize on the growing demand for tin through its strategic acquisition in Namibia.
