- Vox Royalty Corp. closed a public offering on **September 26, 2025**, issuing **17,094,750 common shares** at **$3.70 per share**, resulting in approximately **$63.25 million** in gross proceeds.  **[1907909_0001213900-25-092334_ea025890401ex99-1_vox.htm:0]** 
- The company announced the satisfaction of all conditions precedent for the acquisition of a global gold portfolio and subsequently completed the acquisition on **September 26, 2025**.  **[1907909_0001213900-25-092334_ea025890401ex99-1_vox.htm:0]** **[1907909_0001213900-25-092334_ea025890401ex99-2_vox.htm:0]** 
- The acquired portfolio comprises **ten gold offtake and royalty assets** covering **twelve mines and projects** across **eight jurisdictions**.  **[1907909_0001213900-25-092334_ea025890401ex99-2_vox.htm:0]** 
- The total upfront cash consideration for the acquisition was **$57.5 million**, with an additional **$2.5 million** in deferred milestones.  **[1907909_0001213900-25-092334_ea025890401ex99-2_vox.htm:0]** 
- The acquisition was fully financed by the gross proceeds from the concurrent public offering.  **[1907909_0001213900-25-092334_ea025890401ex99-2_vox.htm:0]**

VOX ROYALTY CORP. Announces Public Offering Closing and Gold Portfolio Acquisition Completion

- Vox Royalty Corp. has entered into an underwriting agreement to issue and sell **14,865,000** common shares.  **[1907909_0001213900-25-091148_ea025861601ex99-1_voxroyalty.htm:0]** 
- The common shares will be sold at an offering price of **US$3.70** per share, resulting in an aggregate purchase price of **US$55,000,000**.  **[1907909_0001213900-25-091148_ea025861601ex99-1_voxroyalty.htm:0]** 
- The company has granted the underwriters an option to purchase up to an additional **2,229,750** common shares, representing 15% of the firm shares, at the same offering price.  **[1907909_0001213900-25-091148_ea025861601ex99-1_voxroyalty.htm:0]** 
- The offering is expected to close on or about **September 26, 2025**.  **[1907909_0001213900-25-091148_ea025861601ex99-1_voxroyalty.htm:0]** **[1907909_0001213900-25-091148_ea025861601ex99-5_voxroyalty.htm:1]** 
- The net proceeds from the offering are intended to fund the acquisition of a global gold portfolio.  **[1907909_0001213900-25-091148_ea025861601ex99-2_voxroyalty.htm:0]** **[1907909_0001213900-25-091148_ea025861601ex99-5_voxroyalty.htm:1]** **[1907909_0001213900-25-091148_ea025861601ex99-4_voxroyalty.htm:3]**

Vox Royalty Corp. Enters Underwriting Agreement for Public Share Offering

- Vox Royalty's business model focuses on acquiring royalties, primarily in precious metals, to generate superior risk-adjusted returns by systematically identifying assets at **dislocated values**.  **[1907909_tx_375154_1]** 
- The company differentiates itself through a **proprietary database** of mining royalties and a strategic focus on low-risk jurisdictions like **Australia**, which is considered the world's best mining market.  **[1907909_tx_375154_2]** **[1907909_tx_375154_3]** **[1907909_tx_375154_4]** 
- Management and the Board hold significant stock, aligning interests, and the company boasts a track record of generating over **25% current return** on **$50,000,000** invested in third-party royalties from 2019 to 2024, significantly outperforming the industry average of 3%.  **[1907909_tx_375154_7]** **[1907909_tx_375154_8]** 
- Vox Royalty anticipates substantial organic growth from **mid to high 20s** of pre-production assets expected to generate revenue within **three to four years**, complemented by recent accretive acquisitions such as the Wailu North iron ore and Kaman II copper royalties.  **[1907909_tx_375154_2]** **[1907909_tx_375154_4]** **[1907909_tx_375154_5]** 
- Financially, the company maintains a strong balance sheet with a **$25,000,000 revolver** at a **6.8% cost of capital**, pays a dividend that has grown by approximately **6%** over the last three years, and expects free cash flow growth to outpace dividend payout.  **[1907909_tx_375154_2]** **[1907909_tx_375154_4]** **[1907909_tx_375154_7]**

Vox Royalty Highlights Differentiated Business Model and Growth Prospects

- Vox Royalty Corp. has acquired a **1.5% Gross Revenue Royalty** on the first **15 million tonnes** of iron ore production from the **Wyloo North iron ore project**.  **[1907909_0001654954-25-009971_voxr_ex991.htm:0]** 
- The acquisition was made from an Australian company for **A$1.5 million (~US$1 million)**.  **[1907909_0001654954-25-009971_voxr_ex991.htm:0]** 
- The Wyloo North iron ore project is located in the **Pilbara region of Western Australia** and is operated by **Fortescue Metals Group**.  **[1907909_0001654954-25-009971_voxr_ex991.htm:0]** 
- Vox's Chief Investment Officer, Spencer Cole, stated that the acquisition aligns with the company's focus on large, high-grade orebodies operated by large-cap mining companies with medium-term development potential, and is expected to generate meaningful returns once in production.  **[1907909_0001654954-25-009971_voxr_ex991.htm:0]**

VOX ROYALTY (VOXR)