Vox Royalty Corp. (NASDAQ:VOXR) completed a cash purchase of two royalties from its Australian subsidiary, Vox Royalty Australia Pty Ltd., on February 26 2026. The deal, valued at up to A$650,000, comprised an initial A$450,000 payment at closing and a contingent A$200,000 payable later in 2026 once post‑closing conditions are satisfied. The tenement involved is the Hera Tenement EL6162 in New South Wales, operated by a subsidiary of Aurelia Metals Ltd.
The acquisition adds a 4.5 % gold royalty on the first 250,000 oz of gravity gold from the Hera Tenement and a 3.0 % copper royalty on the first 1 million tonnes of copper from the same tenement, structured as an uncapped feasibility‑stage copper tonnage royalty. The gold royalty will generate revenue as the tenement produces, while the copper royalty provides a long‑term, production‑linked income stream that aligns with Vox’s focus on derisked, near‑term producing assets.
Vox’s president and chief investment officer, Spencer Cole, said the transaction "expands our Australian royalty portfolio with two additional Australian royalties, including a meaningful 4.5‑per‑cent gold royalty over producing tenure operated by Aurelia. We are acquiring 2,087 oz of production‑stage GEOs (46,372 oz × 4.5 %) at an implied cost of less than $200/ounce. This transaction aligns with Vox's strategy of acquiring value in derisked precious and base metal assets. Further, we expect an active year on business development within Vox's core focus of acquiring near‑term producing legacy royalties." The deal fits into Vox’s broader portfolio of more than 70 royalties and streams, including 12 producing and 25 development‑stage assets.
The acquisition is expected to enhance Vox’s revenue base and diversify its geographic exposure. In the preceding year, Vox reported record preliminary full‑year 2025 royalty and net precious‑metal receipts of $16.6 million, a 50 % increase over fiscal 2024, underscoring the company’s growth trajectory. Adding the Hera Tenement royalties strengthens Vox’s position in the Australian market and provides additional production‑linked cash flow that can support future acquisitions and capital discipline.
Market reaction to the announcement was muted, with no clear drivers identified. The transaction is viewed as a routine expansion of Vox’s royalty portfolio, consistent with its stated strategy, and does not appear to materially alter the company’s financial outlook at this time.
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