Vox Royalty Corp VOXR

Q1 Results Highlights

[THAnalysis]

https://bit.ly/3vsuWwn
VOX ROYALTY REPORTS Q1 2021 RESULTS

Looks like they are on track to meet expectations this year. Q1 results are positive.

 

• Record revenue of $539,980 and gross profit of $479,271 reported for the quarter, with inaugural revenues received from

the Koolyanobbing royalty;

• Increased producing royalty asset count from one asset at May 2020 listing to four assets by Q1 2021 quarter-end;

• Strong balance sheet position at period end, including cash on hand of $10,723,135, working capital of $9,117,150 and
total assets of $29,024,889;

• Completed three portfolio transactions to acquire an additional ten royalties, reaching a total critical mass of 50 royalties
and streams;

• Completed an overnight marketed public offering for aggregate gross proceeds of C$16.85M;

• Subsequent to March 31, 2021:
- Announced a strategic partnership with Electric Royalties Limited (TSX-V: ELEC ) and the potentialdivestment of two non-core graphite royalties for C$2.9M; and
- The Company appointed PricewaterhouseCoopers LLP as their auditors effective April 30, 2021.

[THAnalysis]

Kyle Floyd, Chief Executive Officer stated: “The first quarter of 2021 marked another milestone for Vox as it reported record revenues. The Company is well on track to achieve its previously announced 2021 royalty revenue guidance of C$1.7M to C$2.5M. The embedded organic growth in our portfolio of 50 royalty assets continues to build. Every month our shareholders are benefiting from exploration