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Evolve Royalties Ltd. Expected To Commence Trading December 17, 2025 on CSE (EVR)
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TORONTO, Dec. 16, 2025 (GLOBE NEWSWIRE) — Northfield Capital Corporation (TSX-V: NFD.A) (the “Company” or “Northfield”) announces the completion of the reverse takeover transaction (the “RTO”) between its partially owned subsidiary Voyageur Mineral Explorers Corp. (“Voyageur”) and Evolve Strategic Element Royalties Ltd. (“Evolve”) (see Voyageur press releases dated August 27, 2025 and December 15, 2025 for additional details). The resulting issuer, Evolve Royalties Ltd. (“Evolve Royalties”) (CSE: EVR), is expected to commence trading on the Canadian Securities Exchange on December 17, 2025.
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The RTO represents a pivotal milestone for Northfield and provides shareholders with continued exposure to a diversified portfolio of copper and critical minerals royalties on producing Canadian mines.
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“This transaction demonstrates what active, patient capital can achieve,” said Robert D. Cudney, CEO, President and Founder of Northfield. “We acquired Voyageur when the market saw little value in its royalty portfolio. Through strategic positioning and disciplined execution, we’ve delivered a premium transaction while creating a vehicle that gives investors direct exposure to copper—a metal critical to the energy transition and facing a significant supply deficit.”
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Active Management Drives Outcomes
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Unlike passive holding companies, Northfield typically takes an active role in its portfolio investments—securing board representation, providing strategic guidance, and structuring transactions to maximize shareholder value. This hands-on approach transformed Voyageur from a dormant junior exploration company into a royalty vehicle that was transaction-ready and attracted a strategic combination with Evolve.
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Positioned for the Copper Supply Deficit
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Evolve Royalties provides leveraged exposure to copper at a time when supply constraints and accelerating electrification demand are expected to drive sustained price strength¹. Evolve Royalties’ portfolio is anchored by royalties on three of Canada’s premier copper operations:
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Highland Valley Copper (BC): 0.51% net profits interest on Canada’s largest copper mine which is operated by Teck Resources.
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Copper Mountain (BC): 5% Cu NSR and 2.5% Au/Ag NSR on Alabama and Virginia deposits which is operated by Hudbay Minerals with first royalty payment to Evolve expected Q4 2025/Q1 2026.
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McIlvenna Bay (SK): C$0.75/tonne ore mined royalty on Canada’s newest copper mine which is operated by Foran Mining (backed by Agnico Eagle) with commercial production expected mid-2026.
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The portfolio also includes a 2% NSR on the Sal de Los Angeles lithium brine project in Argentina, a 2% NSR on Foran Mining Corporation’s Bigstone deposit, and a 1% NSR royalty on Visionary Copper and Gold Mines Inc.’s Rainbow deposit, providing additional critical minerals exposure.
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