Vox Royalty closes $63.25 million public offering to fund gold portfolio

DENVER - Vox Royalty Corp. (NASDAQ:VOXR) (TSX:VOXR), whose stock has surged over 68% year-to-date according to InvestingPro data, has completed its previously announced underwritten public offering, raising approximately $63.25 million in gross proceeds, the mining royalty company announced Friday.

The company issued 17,094,750 common shares priced at $3.70 each, including shares from the full exercise of the underwriters’ 15% over-allotment option. The offering was co-led by BMO Capital Markets, Cantor Fitzgerald Canada Corporation, and National Bank Financial Inc. as joint book-running managers.

Vox also confirmed that all conditions have been met for its acquisition of a global gold portfolio from certain subsidiaries of Deterra Royalties Limited. The transaction, announced on September 23, includes ten gold offtake and royalty assets covering twelve mines and projects across eight countries: Australia, Brazil, Canada, Côte d’Ivoire, Mali, Mexico, South Africa, and the United States.

The company plans to use the net proceeds from the offering to fund the purchase of this portfolio, with the transaction expected to be completed later today.

The common shares from the offering are listed on The Nasdaq Capital Market under the symbol "VOXR" and have received conditional approval for listing on the Toronto Stock Exchange under the same symbol, subject to fulfillment of customary TSX listing requirements.

Vox Royalty describes itself as a returns-focused mining royalty company with a portfolio of over 60 royalties across six jurisdictions. Since early 2020, the company has announced more than 30 separate transactions to acquire these royalties. InvestingPro analysis shows the company maintains a healthy financial position with a strong current ratio of 4.34 and operates with moderate debt levels, though it currently trades above its Fair Value. For deeper insights into Vox Royalty’s financial health and growth prospects, including 8 additional ProTips, check out InvestingPro.

The information in this article is based on a press release statement from Vox Royalty Corp.

In other recent news, Vox Royalty Corp. has announced the pricing of its public offering at $3.70 per share, aiming to raise $55 million through the sale of 14,865,000 common shares. This offering is anticipated to close around September 26, 2025, pending necessary regulatory approvals. Additionally, the company has executed an agreement to acquire a 1.5% gross revenue royalty on the Wyloo North iron ore project in Western Australia for A$1.5 million, equivalent to approximately US$1 million. This royalty acquisition covers the initial 15 million tonnes of iron ore production from the Wyloo North deposit, part of Fortescue Metals Group’s Greater Western Hub. Furthermore, Vox Royalty has been included in the Russell 2000® and Russell 3000® indexes, effective June 30, 2025. These indexes represent the 4,000 largest U.S. stocks, ranked by market capitalization. Membership in these indexes will last for one year.

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