TORONTO, CANADA – August 16, 2021 – Vox Royalty Corp. (TSXV: VOX) (OTCQX: VOXCF) (“Vox” or the “Company”) is pleased to announce its operating and financial results for the second quarter ended June 30, 2021. All amounts are in U.S. dollars unless otherwise indicated.
Kyle Floyd, Chief Executive Officer stated: “The second quarter of 2021 saw record royalty revenues, record net incomes and unprecedented organic growth for Vox. Management’s confidence in the underlying performance of the Vox royalty portfolio was demonstrated in our doubling of 2021 annual revenue guidance to C$4M – C$5M. This quarter saw exceptional organic growth in our portfolio, further strengthened by first gold pour from our Segilola royalty asset on July 30. We are also excited to grow our strategic partnership with Electric Royalties Ltd. (TSXV: ELEC), following the completion of our initial graphite royalty transaction. Vox shareholders can look forward to a catalyst-rich second half of 2021, with construction activity at multiple royalty assets, the release of multiple engineering studies and over 80,000m partner-funded drilling expected."
Second Quarter 2021 Highlights
• Record revenue of $1,314,030 reported for the quarter, with inaugural revenues received from the Janet Ivy royalty;
• Record net income of $2,057,694 for the quarter;
• Increased production stage royalty asset count from one asset at May 2020 listing to five assets by end of the quarter;
• Strong balance sheet position at period end, including cash on hand of $5,308,977, working capital of $8,684,985 and total assets of $30,161,290;
• Executed binding documents for a strategic partnership with Electric Royalties Limited (TSX-V: ELEC) and divested two non-core graphite royalties;
• Completed four royalty transactions to acquire an additional seven royalties, including the rancher royalty at Gold Standard Ventures (TSX-V: GSV) South Railroad project, reaching a total critical mass of over 50 royalties and streams;
• Subsequent to June 30, 2021:
o Announced record revenue in Q2 2021 and increased 2021 revenue guidance by +100% on July 27, 2021;
o Increased producing royalty count to 5 assets following first gold pour at the Segilola Gold Mine, as reported by Thor Explorations Ltd on July 30, 2021; and
o Commenced trading on OTCQX on August 10, 2021
Kyle Floyd, Chief Executive Officer stated: “The second quarter of 2021 saw record royalty revenues, record net incomes and unprecedented organic growth for Vox. Management’s confidence in the underlying performance of the Vox royalty portfolio was demonstrated in our doubling of 2021 annual revenue guidance to C$4M – C$5M. This quarter saw exceptional organic growth in our portfolio, further strengthened by first gold pour from our Segilola royalty asset on July 30. We are also excited to grow our strategic partnership with Electric Royalties Ltd. (TSXV: ELEC), following the completion of our initial graphite royalty transaction. Vox shareholders can look forward to a catalyst-rich second half of 2021, with construction activity at multiple royalty assets, the release of multiple engineering studies and over 80,000m partner-funded drilling expected."
Second Quarter 2021 Highlights
• Record revenue of $1,314,030 reported for the quarter, with inaugural revenues received from the Janet Ivy royalty;
• Record net income of $2,057,694 for the quarter;
• Increased production stage royalty asset count from one asset at May 2020 listing to five assets by end of the quarter;
• Strong balance sheet position at period end, including cash on hand of $5,308,977, working capital of $8,684,985 and total assets of $30,161,290;
• Executed binding documents for a strategic partnership with Electric Royalties Limited (TSX-V: ELEC) and divested two non-core graphite royalties;
• Completed four royalty transactions to acquire an additional seven royalties, including the rancher royalty at Gold Standard Ventures (TSX-V: GSV) South Railroad project, reaching a total critical mass of over 50 royalties and streams;
• Subsequent to June 30, 2021:
o Announced record revenue in Q2 2021 and increased 2021 revenue guidance by +100% on July 27, 2021;
o Increased producing royalty count to 5 assets following first gold pour at the Segilola Gold Mine, as reported by Thor Explorations Ltd on July 30, 2021; and
o Commenced trading on OTCQX on August 10, 2021
