Vox To Acquire Strategic Australian Royalty Portfolio, For Cash Consideration Of Up To A$4,700,000
Portfolio Pulse from Benzinga Newsdesk
Vox Royalty Corp. (VOXR) is set to acquire an Australian royalty portfolio for up to A$4,700,000, enhancing its asset base with gold and copper projects in Australia. The portfolio includes royalties in various stages, from construction to exploration, and is part of Vox's strategy to expand in low-risk jurisdictions. The transaction, expected to close by the end of Q1 2024, will be funded with current cash on hand.
February 13, 2024 | 2:09 pm
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Vox Royalty Corp. is acquiring an Australian royalty portfolio for up to A$4,700,000, focusing on gold and copper projects. This strategic move aims to strengthen Vox's presence in Australia, particularly with the Castle Hill and Kunanalling gold projects.
The acquisition of the Australian royalty portfolio is likely to have a positive short-term impact on VOXR's stock price. This move not only expands Vox's asset base in a highly ranked mining jurisdiction but also aligns with its strategy to focus on low-risk political jurisdictions. The inclusion of assets at various stages of development, especially those nearing production, could enhance investor perception of Vox's growth potential and revenue prospects.
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