Results of EGM – BTR investment now unconditional

Evolution Energy Minerals Limited (Evolution or the Company) (ASX: EV1, FSE: P77) is pleased to announce that, in accordance with Listing Rule 3.13.2 and section 251AA of the Corporations Act, Evolution Energy Minerals Limited (Evolution) advises that the resolution put to shareholders at today’s general meeting (Resolution) was passed on a poll. Details of the voting on the Resolution and the proxies received in respect of that Resolution are set out in the attached voting summary.

The Resolution related to the issue of 25,860,000 Ordinary Evolution shares to BTR New Material Group Co. Ltd (BTR), which on completion will see Evolution receive proceeds of $3.6 million and BTR hold a 9.9% interest in Evolution (BTR Investment). Approval of the Resolution now means that the BTR Investment is unconditional.

The receipt of funds and issue of shares to BTR is expected to occur on or before 15 March 2024.

Managing Director, Phil Hoskins, commented: “We are pleased to have received overwhelming support from our shareholders for BTR’s investment in Evolution. The BTR Investment is part of a suite of transactions between Evolution and BTR that also includes an offtake agreement and memorandum of understanding covering downstream processing. We look forward to completing the BTR Investment in early March and continuing to advance the Chilalo project as part of our vertically integrated strategy.”

For media enquiries, please contact:

Matthew Lister
Head: Investor Relations
Email: mlister@archempartners.com
Mobile: +44 7780 049 074