Evrim Signs 3-year Exploration Alliance
“The dataset consists of digital and non-digital data with proprietary non-public information that has not been reviewed for many years, making it a unique and valuable asset,” said Paddy Nicol, Evrim president and CEO. “Western United States represents a new mining and exploration jurisdiction for Evrim and reinforces our strategy to gain competitive advantages in areas in which we operate. We look forward to applying our skillset to identify new opportunities with this under- utilized dataset.”
During the alliance period, Evrim will compile a fully digital and comprehensive dataset to generate new targets and ideas within the designated area. Should Evrim acquire a project within the designated area, Yamana will have the exclusive right for 60 days to enter into an option agreement to earn a 75% interest. The option period is independent of the alliance period and may extend beyond the three-year term. At the end of the alliance, both parties will retain a copy of the digital database.