TORONTO, February 10, 2022 /CNW/ – Vox Royalty Corp. (TSXV: VOX) (OTCQX: VOXCF) (“Voice“or the”Society“), a high-growth precious metals-focused royalty company, is pleased to announce that it has received its first monthly royalty payment of approximately CA$116,750 ($92,100)(1) of a subsidiary of Thor Explorations Ltd. (TSXV:THX) (“Thor“).

Kyle Floydthe CEO said: “We are delighted to share this first major milestone in Segilola’s royalty revenue with Vox shareholders. Based on Thor’s production estimates, we expect this royalty to have the potential to generate revenue nearly five times the Vox’s initial investment of CA$900,000 within three years. Thor management is to be commended for successfully building and commissioning from Nigeria first commercial gold mine, especially given the unprecedented supply chain challenges for new mine development projects. »

Strong points

  • Received inaugural royalty income from $92,100 export sales of gold and silver by-product credits payable in December 2021 the Segilola Gold Project;
  • At January 10, 2022Thor announced that it expects first quarter 2022 production of 20,000 to 22,000 ounces of gold and full year 2022 production of 80,000 to 100,000 ounces of gold;
  • Thor previously announced that Segilola had reached commercial production on October 5, 2021; and
  • Sales are expected to increase in the coming months as Segilola continues to operate and export at stable rates.

About Vox

Vox is a fast-growing precious metals royalty and streaming company with a portfolio of over 50 royalties and streams spanning eight jurisdictions. The company was established in 2014 and has since built a unique intellectual property, technically-focused transactional team and global sourcing network that has enabled Vox to become the fastest growing company in the industry. royalties. Since the start of 2019, Vox has announced over 20 separate transactions to acquire over 45 royalties.

Further information about Vox is available at www.voxroyalty.com.

Caution Regarding Forward-Looking Information

This press release contains certain forward-looking statements. Any statement that expresses or implies discussions regarding predictions, expectations, beliefs, plans, projections, goals, assumptions, or future events or performance (often, but not always, using words or phrases such that “believes”, “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “estimates” or “intends” or states that certain actions, events or results “may”, “could”, “could”, “might” or “will” be taken, occur or be carried out) are not statements of historical fact and may be ” forward-looking statements”. Forward-looking statements are subject to a variety of risks and uncertainties that could cause actual events or results to differ materially from those reflected in the forward-looking statements.

Forward-looking statements and information in this press release include, but are not limited to, Vox’s projected lifetime revenues from the Segilola Project and projected future cash flows, the project operator’s ability to continue to meet publicly available production guidelines and to execute sales of its resources and the continued receipt of royalty payments from the Project Operator.

Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions which, although deemed reasonable by management, are inherently subject to significant commercial, economic and competitive uncertainties and contingencies. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond Vox’s ability to control or predict, which may cause Vox’s actual results, performance or achievements to be materially different from those expressed or implied. as such, and are developed based on assumptions regarding such risks, uncertainties and other factors set forth herein, including, but not limited to: the requirement for regulatory approvals and third party consents, the impact general business and economic conditions, lack of control over the mining operations from which Vox will receive royalties, including risks relating to international operations, government relations and environmental regulations, risks inherent in exploration and development mining properties; uncertainties related to the interpretation of exploration data; the possibility of delays in exploration or development activities; the geology, grade and continuity of mineral deposits; the impact of the COVID-19 pandemic; the possibility that future exploration, development or mining results will not meet Vox’s expectations; accidents, equipment failures, title issues, labor disputes or other unforeseen difficulties or interruptions to operations; fluctuating metal prices; unforeseen costs and expenses; uncertainties relating to the availability and costs of necessary financing in the future; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, fluctuations in commodity prices; currency fluctuations; regulatory restrictions, including environmental regulatory restrictions; liability, competition, loss of key employees and other related risks and uncertainties. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying any forward-looking information or statements prove incorrect, actual results may differ materially from those described herein as anticipated, planned, anticipated, believed, estimated or expected. Vox cautions that the foregoing list of important factors is not exhaustive. When relying on the Company’s forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors as well as other uncertainties and potential events.

Vox has assumed that the material factors mentioned in the preceding paragraph will not cause such forward-looking statements and information to be materially different from actual results or events. However, the list of such factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking information contained in this press release represents Vox’s expectations as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely on such information as of any other date. Although Vox may choose to do so, it does not undertake to update this information at any given time, except as required under applicable laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

References and technical notes:


These figures have not been audited and are subject to change. As the Company has not yet completed its quarter-end report
closing procedures, the forward-looking financial information presented in this press release is preliminary, subject to
quarter-end adjustments and may change materially.

SOURCE Vox Royalty Corp.

For further information: Simon Cooper, Vice President, Corporate Development, [email protected]; Kyle Floyd, President and CEO, [email protected]

About Matthew R. Dailey

Check Also

‘Payment Stable Coins’ Could Lead to ‘Disintermediation of Traditional Banks’, Acting FDIC Chairman Says

In a recent speech, Martin J. Gruenberg, who has served as the Acting Chairman of …