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DENVER - Vox Royalty Corp. (TSX:VOXR) (NASDAQ:VOXR) has priced its previously announced public offering of common shares at $3.70 per share, according to a press release statement issued Wednesday. The offering price comes as the stock trades near its 52-week high of $4.05, with the company’s shares showing remarkable strength with a 67.2% gain year-to-date, according to InvestingPro data.
The mining royalty company, currently valued at approximately $196 million, plans to sell 14,865,000 common shares for total gross proceeds of $55 million. The offering is expected to close on or about September 26, 2025, subject to regulatory approvals from the Toronto Stock Exchange and Nasdaq Capital Markets. Analyst price targets for the stock range from $4 to $6, suggesting potential upside from current levels. (InvestingPro subscribers have access to detailed valuation metrics and 12 additional expert insights about VOXR.)
BMO Capital Markets, Cantor Fitzgerald Canada Corporation, and National Bank Financial Inc. are serving as lead underwriters for the transaction. The underwriters have been granted a 30-day option to purchase up to an additional 2,229,750 common shares at the offering price.
Vox intends to use the proceeds primarily to fund the acquisition of a global gold portfolio consisting of ten gold offtake and royalty assets. This portfolio covers twelve mines and projects across eight countries including Australia, Brazil, Canada, Côte d’Ivoire, Mali, Mexico, South Africa, and the United States. The acquisition from certain subsidiaries of Deterra Royalties Limited was announced on September 23.
If the company uses less than the full amount of the net proceeds for the portfolio purchase, it plans to reallocate remaining funds to acquire additional royalties over the next 12-24 months.
The offering is being made through a final prospectus supplement to Vox’s existing short form base shelf prospectus dated February 13, 2025, and its U.S. registration statement on Form F-10.
Vox Royalty, established in 2014, currently maintains a portfolio of over 60 royalties across six jurisdictions. Since early 2020, the company has announced more than 30 separate transactions to acquire these royalty assets. InvestingPro analysis shows the company maintains a strong financial position with a current ratio of 4.34 and operates with moderate debt levels, earning an overall financial health rating of "GOOD."
In other recent news, Vox Royalty Corp. has executed a binding agreement to acquire a 1.5% gross revenue royalty on the Wyloo North iron ore project in Western Australia. This acquisition, valued at A$1.5 million (approximately US$1 million), covers the first 15 million tonnes of iron ore production from the deposit. The Wyloo North project is part of Fortescue Metals Group’s Greater Western Hub in the Pilbara region. Additionally, Vox Royalty has been added to the Russell 2000® and Russell 3000® indexes, effective June 30, 2025. This inclusion follows the annual reconstitution of the Russell US indexes, which ranks the 4,000 largest US stocks by total market capitalization. Membership in these indexes will remain in place for one year. These developments reflect significant strategic moves by Vox Royalty in expanding its portfolio and gaining broader market recognition.
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