Vox Royalty Corp (CVE:VOX) provided a glimpse into its 2021 plans on Wednesday that showed the company preparing for a “catalyst-rich” year ahead.
In a statement, CEO Kyle Floyd told shareholders that the company's fourth-quarter 2020 achievements rounded out a “transformational” year.
“We started 2020 with one producing royalty, being Graphmada, and added Koolyanobbing in Q2, Brauna in Q3 and Higginsville in Q4 to our growing list of producing royalties,” Floyd said. “We look forward to the organic news flow from our existing operators in 2021 as we see the number of producing royalties within our existing portfolio continue to grow."
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Cayman Islands-based Vox went public in May 2020 and subsequently acquired over 30 royalties on projects in both production and exploration around the world.
The company said it expects to increase its producing royalty asset count within its existing portfolio from four to six.
Vox also highlighted a number of new developments on its development and exploration-stage royalties from projects like Silver Mines Limited’s Bowdens and Alamos Gold’s Lynn Lake-MacLellan. The firm said it is targeting an approximate average of 30,000 metres of partner-funded drilling on royalty projects each quarter.
Vox also set out ambitious corporate targets for the year, including continuing to grow and acquire additional NAV-accretive royalties, leveraging its proprietary royalty database and continuing discussions already underway with potential royalty vendors, and increasing analyst coverage beyond the current three independent firms providing coverage. The company is also conducting a review of secondary exchange listing options, it told shareholders.
The company now boasts a portfolio of over 40 royalties and streams throughout nine jurisdictions.
Contact Angela at angela@proactiveinvestors.com
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