Vox Royalty (VOXR) Registration Filing summary

Company overview and business model

• Operates as a mining royalty company with a portfolio of over 60 royalties across six jurisdictions, focusing on precious and industrial metals.

• Utilizes proprietary databases and a technical team to identify and acquire high-return royalty assets, emphasizing bilateral, non-brokered transactions.

• Business model aims for exposure to commodity price optionality, discovery potential, and limited operational risk, with a scalable, diversified asset base.

• Prioritizes growth through accretive acquisitions, especially royalties on producing or near-term producing assets, with a long-term investment outlook.

• Recent acquisitions include the Castle Hill Royalty Portfolio, expanding exposure to gold, copper, cobalt, and rare earths.

Financial performance and metrics

• Positive cash flow from operations: $2.1M for the three months and $5.3M for the nine months ended September 30, 2024.

• Working capital balance of $8.5M as of September 30, 2024.

• 50,734,138 common shares outstanding as of February 12, 2025.

• Quarterly dividend program in place, with increases in 2023 and 2024, and a dividend reinvestment plan adopted in March 2024.

Use of proceeds and capital allocation

• Net proceeds from securities offerings intended for future royalty acquisitions and general corporate purposes, including debt repayment.

• Management retains broad discretion over allocation of funds, which may be reallocated as needed based on business conditions.

• May invest unused funds in short-term, investment-grade securities.