Vox Royalty Corp. (NASDAQ:VOXR) is one of the 10 Best Precious Metal Stocks to Buy After the U.S. Venezuela Mission.
Over the past six months, Vox Royalty Corp. (NASDAQ:VOXR) shares have surged over 45% as of January 9. All analysts covering VOXR are bullish on the stock, with a median price target of $6. This indicates a notable potential upside of 30.43%.
On December 18, Vox Royalty Corp. (NASDAQ:VOXR) announced that it will acquire a 1.5% Net Smelter Return royalty on the feasibility Stockman copper-gold-zinc-silver project in Victoria, Australia. Vox has signed a binding agreement to purchase the facility with a total agreement amount of A$15 million.
Vox is purchasing the Royalty from IGO Stockman Project, a subsidiary of IGO Limited. The company will pay A$5 million in cash at the closing of the agreement. The remaining A$10 million will be paid in deferred payments based on cumulative production and environmental permits in place. Spencer Cole, Vox Chief Investment Officer, stated:
We are excited to acquire this brownfields development-stage copper royalty in Australia that has potential to generate over $3M in annual royalty revenue based on the latest Stockman 12-year mine life feasibility study, with multiple catalysts expected in 2026. With all primary permits in place, a feasible near-to-mid-term development horizon, and clear engineering milestones expected, this royalty offers meaningful value and optionality for Vox shareholders.
Stockman has a 12-year mine life and processing capacity of over 850,000 tonnes per annum, according to a January 2024 feasibility update. It is an advanced brownfields polymetallic project with all the basic mining and environmental permits in place. Aeris, the company currently operating the mine, is expected to release its latest feasibility study in the coming months. The management sees potential in the project with promising front-end engineering and strategic partner engagement as key goals heading into the first half of 2026.
Vox Royalty Corp. (NASDAQ:VOXR) is a mining royalty firm with a portfolio of almost 69 precious metals royalties across the world. Some of the key royalties held by Vox are in Australia, Canada, South Africa, Brazil, Peru, and the U.S.
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Disclosure: None. This article is originally published at Insider Monkey.
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