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Vox Royalty Corp. (TSXV:VOX), a precious metals royalty company, announced today that the Libby Exploration Project, managed by Hecla Mining Company (NYSE: NYSE:HL), has been included in the U.S. Federal Permitting Improvement Steering Committee’s (FPISC) FAST-41 dashboard. This inclusion is designed to streamline the review process for critical mineral projects. Hecla Mining, with a market capitalization of $3.67 billion and impressive revenue growth of 29.12% over the last twelve months, brings substantial operational expertise to the project. According to InvestingPro data, Hecla has maintained dividend payments for 15 consecutive years, demonstrating long-term stability.
The Libby Exploration Project, located in the United States, is part of Vox Royalty’s portfolio of assets. The project is now listed on the FAST-41 dashboard, which aims to enhance coordination between federal permitting agencies and reduce delays for infrastructure projects deemed vital to the country’s economic growth and environmental sustainability.
The FAST-41 program, established by Title 41 of the Fixing America’s Surface Transportation Act (FAST Act), is a government initiative to improve the timeliness, predictability, and transparency of the federal environmental review and authorization process for delivering major infrastructure projects.
Vox Royalty’s involvement with the Libby Exploration Project aligns with the company’s strategy to invest in projects with potential for expedited development timelines. The inclusion of the project in the FAST-41 dashboard is expected to facilitate more efficient permitting processes, potentially reducing the time required to advance the project towards production. InvestingPro analysis shows Hecla Mining maintains a strong financial health score of 2.7 (GOOD), with a solid current ratio of 1.08, suggesting robust operational capability for project development. Subscribers to InvestingPro can access 8 additional key insights and a comprehensive Pro Research Report covering Hecla’s full financial picture.
The company’s CEO, Kyle Floyd, commented on the announcement, stating that Vox Royalty is pleased with the project’s inclusion in the FAST-41 dashboard and looks forward to the potential benefits that streamlined permitting could bring.
This news comes as the demand for critical minerals continues to rise, with such materials being essential for various industries, including renewable energy, technology, and defense. The initiative to expedite critical mineral projects like the Libby Exploration Project underscores the U.S. government’s commitment to securing its supply chain for these strategic resources.
Vox Royalty Corp., headquartered in Westminster, Colorado, is focused on acquiring royalty and streaming assets in the mining sector, with a particular emphasis on gold and silver projects. The company’s shares are traded on the TSX Venture Exchange under the ticker VOX. With Hecla Mining showing a beta of 1.77 and trading at a P/E ratio of 97.08, investors seeking detailed analysis can find comprehensive valuation metrics and expert insights through InvestingPro’s advanced analytics platform.
This report is based on a press release statement from Vox Royalty Corp. and does not include any speculative content or subjective commentary. The information provided is intended for general informational purposes and should not be considered as investment advice.
In other recent news, Hecla Mining Company reported its fourth-quarter 2024 earnings, revealing a shortfall in earnings per share (EPS) compared to analysts’ expectations. The company posted an EPS of $0.02, missing the anticipated $0.06, although it exceeded revenue forecasts by achieving $249.66 million, surpassing the expected $240.77 million. Hecla Mining also disclosed in a recent SEC filing that it has sold over 23 million shares and registered an additional 36 million for potential sale, as part of an Equity Distribution Agreement with financial institutions like BMO Capital Markets and J.P. Morgan Securities. This agreement, allowing the sale of up to 60 million shares, was amended on February 15, 2024. The company’s legal compliance for these share sales was confirmed by K&L Gates LLP. Despite the EPS miss, Hecla’s revenue performance was bolstered by strong silver and gold sales, contributing to record revenues exceeding $900 million for 2024. Looking ahead, Hecla has set a 2025 silver production guidance of 15.5 to 17 million ounces and plans to continue infrastructure investments, particularly at Keno Hill. The company is also evaluating the potential divestment of its Casa Berardi asset as part of its strategic capital allocation priorities.
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