Core Viewpoint - Vox Royalty Corp. has been included in the MVIS® Global Junior Gold Miners Index, which is the benchmark for the VanEck Junior Gold Miners ETF, marking a significant milestone for the company and enhancing its visibility among investors [1][3]. Company Overview - Vox Royalty Corp. is a mining royalty and streaming company focused on returns, with a diversified portfolio of over 70 royalties and streams, including 12 producing and 25 development stage assets, primarily in gold and select base and industrial metals [5]. - The company was founded in 2014 and aims to generate long-term returns through disciplined capital allocation and risk-adjusted value creation [5]. Market Impact - The inclusion in the GDXJ is expected to increase Vox's common share liquidity and position the company as an attractive investment opportunity for those seeking exposure to precious metals projects in top mining jurisdictions [3]. - The GDXJ is one of the largest ETFs dedicated to junior gold and silver companies, with approximately US$10.3 billion in total net assets, which may further enhance Vox's market presence [3]. Executive Commentary - The CEO of Vox Royalty highlighted that the inclusion in the GDXJ reflects the growing recognition of the company among both generalist and mining-focused investors, and it is a testament to the team's hard work and dedication [3].

Core Viewpoint - Vox Royalty Corp. has provided its 2026 annual guidance, projecting significant growth of 70% to 90% in annualized royalty and net precious metal receipts, alongside a 20% increase in its quarterly dividend, marking the fourth consecutive year of dividend growth [1][2]. 2026 Guidance - The company expects royalty and net precious metal receipts to total between $28 million and $32 million in 2026, indicating potential annual growth of approximately 70% to 90% over 2025 [1][2]. - A greater proportion of these receipts is anticipated in the first half of 2026 due to increased deliveries expected in the first and second quarters [1]. - Key growth assets for 2026 include: - The Global Gold Portfolio, benefiting from a full year of gold deliveries from assets acquired on September 26, 2025. - The Kanmantoo copper royalty, with expected production guidance of 12,750t to 14,000t of copper in 2026. - The Binduli North gold mine, which has received regulatory approval for a major expansion, increasing its capacity by 40% [1][2]. Quarterly Dividend - The Board of Directors has declared a quarterly dividend of $0.015 per common share, representing a 20% increase over the previous quarter, to be paid on April 14, 2026 [1]. - This dividend increase marks the fourth consecutive annual increase for shareholders [1][2]. Company Overview - Vox Royalty Corp. is a returns-focused mining royalty and streaming company with a diversified portfolio of over 70 royalties and streams, including 12 producing and 25 development stage assets, primarily in gold and select base and industrial metals [1][3]. - The company emphasizes disciplined capital allocation and risk-adjusted value creation, aiming to deliver superior investment outcomes for shareholders [1].

Core Viewpoint - Vox Royalty Corp. has released its annual investor letter, highlighting its focus on returns through disciplined capital allocation and risk-adjusted value creation [1]. Company Overview - Vox Royalty Corp. is a mining royalty and streaming company established in 2014, with a diversified portfolio of over 70 royalties and streams [1]. - The company has 12 producing assets and 25 development stage assets, primarily focused on gold and select industrial metals in top-tier mining jurisdictions [1]. - Vox aims to generate long-term returns and superior investment outcomes for shareholders through a technically driven team and proprietary royalty database [1].

Core Viewpoint - Vox Royalty Corp. has restructured its gold offtake agreement with Equinox Gold Corp., transitioning from Brazilian assets to a new offtake stream over the Greenstone gold mine in Ontario, enhancing its exposure to a Tier 1 Canadian asset [1][2]. Group 1: Transaction Details - Vox's wholly-owned subsidiary has entered into a definitive agreement with Equinox to restructure its 35% gold offtake over the Santa Luz, Fazenda, and RDM mines in Brazil [1]. - The remaining offtake delivery obligations will now be satisfied through a production-linked offtake stream of 29% of refined gold produced from Greenstone, with minimum deliveries of 63,600 ounces for 2026 [8]. - Vox's existing Greenstone offtake stream, acquired in September 2025, remains unchanged and will be prioritized over the new agreement [8]. Group 2: Greenstone Mine Overview - Greenstone is a large open-pit mine near Geraldton, Ontario, which achieved commercial production in November 2024 [4]. - Equinox has set a production guidance range of 250,000 to 300,000 ounces for 2026, with cash costs estimated at US$1,350 - US$1,450 per ounce, and an average life of mine yearly production forecast of 330,000 ounces [4]. Group 3: Company Background - Vox is a returns-focused mining royalty and streaming company with a portfolio of over 80 assets across nine jurisdictions, established in 2014 [6]. - Since 2020, Vox has announced over 30 transactions to acquire more than 70 assets, targeting high returns on royalty acquisitions in the mining sector [6].

Core Viewpoint - Vox Royalty Corp has announced the acquisition of a global gold portfolio consisting of ten gold offtake and royalty assets for a total upfront cash consideration of $57.5 million, which is expected to significantly enhance its revenue and asset base [2][3][5]. Financial Impact - The transaction is projected to increase revenue per share by approximately 115% and cash flow per share, with expected revenue growth of about 200% for the three months ended June 2025 and 150% for the trailing four quarters [5][3]. - The acquired portfolio generated over $16 million in gold cash flow over the trailing four quarters, with an annualized run-rate gold cash flow exceeding $20 million based on Q2-2025 figures [3][5]. Portfolio Details - The portfolio includes eight gold offtake contracts and two gold royalties across various jurisdictions, including Australia, Brazil, Canada, Côte d'Ivoire, Mali, Mexico, South Africa, and the United States [7][8]. - The assets are operated by medium to large-cap operators, enhancing the portfolio's stability and growth potential [8]. Growth Potential - The average margin per ounce realized on the acquired assets increased from $23.10/oz in the first half of 2022 to $63.10/oz in the first half of 2025, reflecting a growth of approximately 170% [5]. - The ounces delivered by the portfolio increased by approximately 30%, from 111,000 ounces to 144,000 ounces during the same period [5]. Funding Strategy - The acquisition will be funded through a concurrent overnight marketed offering of common shares expected to raise up to $55 million and an upsized revolving credit facility of $40 million with Bank of Montreal [11][16]. - The credit facility includes an accordion feature allowing for an additional $35 million, providing a total funding capacity of $75 million [16][18]. Strategic Alignment - The transaction aligns with Vox's strategy of acquiring high-quality legacy assets with long-term optionality, aiming to enhance its position in the gold sector and potentially qualify for inclusion in precious metal-based indexes like the GDXJ [3][8].