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DENVER - Mining royalty company Vox Royalty Corp. (TSX:VOXR)(NASDAQ:VOXR), a $158 million market cap company that has seen its stock surge nearly 34% over the past six months, has been added to the Russell 2000® and Russell 3000® indexes, effective today, June 30, 2025.
The annual reconstitution of the Russell US indexes captures the 4,000 largest US stocks as of April 30, ranking them by total market capitalization. Membership in these indexes remains in place for one year.
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to data from June 2024, approximately $10.6 trillion in assets are benchmarked against the Russell US indexes, which are maintained by FTSE Russell.
Vox Royalty, established in 2014, maintains a portfolio of over 60 royalties across six jurisdictions. Since the beginning of 2020, the company has announced more than 30 separate transactions to acquire these royalties.
The Russell 2000® index focuses on small-cap companies, while the Russell 3000® index represents approximately 98% of the US equity market.
Inclusion in the Russell 3000® Index results in automatic inclusion in either the large-cap Russell 1000® Index or small-cap Russell 2000® Index, along with appropriate growth and value style indexes.
This information is based on a press release statement from Vox Royalty Corp.
In other recent news, Vox Royalty Corp. announced significant developments in its Australian mining projects, with progress reported by its partners on several fronts. Develop Global Limited has commenced underground activities at the Sulphur Springs project, while Silver Mines Limited received a favorable ruling for the Bowdens silver project, potentially paving the way for final development approval. Catalyst Metals Ltd. raised A$150 million for exploration at the Plutonic East gold mine. Meanwhile, Vox Royalty is facing a legal challenge in the Supreme Court of Western Australia over the Red Hill royalty, which it acquired as part of a larger transaction. The company intends to defend itself against the claims, asserting that the right of first refusal claimed by the plaintiff was not applicable.
Additionally, Vox Royalty is set to join the Russell 3000®, Russell 2000®, and Russell Microcap® Indexes after the annual reconstitution on June 27, 2025, a move anticipated to increase its visibility among institutional investors. The company also provided an update on the Red Hill gold project, highlighting resource growth and development progress by its partner, Northern Star Resources. In related financial news, BMO Capital Markets raised its price target for Vox Royalty to $4.00, citing the acquisition of the Kanmantoo NSR royalty as a strategic move that could enhance revenue. This acquisition prompted Vox Royalty to revise its revenue guidance for 2025, reflecting the expected benefits from the deal.
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