Evolve Royalties (EVR) Corporate presentation summary

Strategic focus and business model

• Focuses on building a diversified portfolio of high-quality royalties on Canadian copper mines and select international assets, with strong ESG standards and exposure to rising copper prices through royalty cash flows.

• Employs a simple, proven royalty and streaming business model, leveraging embedded deposit growth and cash flow from copper and other strategic metals.

• Targets a portfolio mix of 75% copper and 25% other strategic metals, including lithium and tin.

Portfolio composition and key assets

• Holds 14 total royalty assets, including 2 producing (Highland Valley Copper, Copper Mountain), 1 near-term producing (Mcllvenna Bay), 1 development (Sal de Los Angeles), and multiple exploration-stage properties in Canada and Argentina.

• Highland Valley Copper: 0.51% net profits interest on Canada’s largest copper mine, with mine life extended to 2046 and significant leverage to copper prices.

• Copper Mountain: 5% NSR on copper and 2.5% NSR on gold/silver, covering key pits, with first royalty payment expected after a $10M carveout.

• Mcllvenna Bay: C$0.75/tonne ore mined royalty, with production expected in 2026 and a projected 20-year mine life.

• Sal de Los Angeles: 2% NSR on a permitted, shovel-ready lithium brine project in Argentina, targeting 10ktpa LCE in phase 1.

• Uis Tin Mine (Namibia): Recently acquired sliding-scale royalty on one of the world’s largest hard-rock tin deposits, with ongoing production and expansion potential.

Growth pipeline and catalysts

• Anticipates cash flow growth from major Canadian copper mines and international assets, with key catalysts including new royalty payments, mine life extensions, and maiden resources from exploration zones.

• Ongoing acquisitions and optimization of existing assets are expected to drive further value.