Vox Royalty Reports Second Quarter 2021 Results
VOX ROYALTY REPORTS SECOND QUARTER 2021 RESULTS
TORONTO, CANADA – August 16 , 2021 – Vox Royalty Corp . (TSXV: VOX) (OTCQX: VOXCF) (“Vox” or the
“Company”) is pleased to announce its operating and financial results for the second quarter ended June 30, 2021. All amounts
are in U.S. dollars unless otherwise indicated.
Kyle Floyd, Chief Executive Officer stated : “The second quarter of 2021 saw record royalty revenues , record net incomes and
unprecedented organic growth for Vox. Management’s confidence in the underlying performance of the Vox royalty portfolio was
demonstrated in our doubling of 2021 annual revenue guidance to C$4M – C$5M. This quarter saw exceptional organic growth
in our portfolio, further strengthened by first gold pour from our Segilola royalty asset on July 30. We are also excited to grow our
strategic partnership with Electric Royalties Ltd. (TSXV: ELEC) , following the completion of our initial graphite royalty
transaction. Vox shareholders can look forward to a catalyst-rich second half of 2021, with construction activity at multiple royalty
assets, the release of multiple engineering studies and over 80,000m partner-funded drilling expected."
Second Quarter 2021 Highlights
• Record revenue of $1,314,030 reported for the quarter, with inaugural revenues received from the Janet Ivy royalty;
• Record net income of $2,057,694 for the quarter;
• Increased production stage royalty asset count from one asset at May 2020 listing to five assets by end of the quarter;
• Strong balance sheet position at period end, including cash on hand of $ 5,308,977, working capital of $ 8,684,985 and
total assets of $30,161,290;
• Executed binding documents for a strategic partnership with Electric Royalties Limited (TSX -V: ELEC) and divested
two non-core graphite royalties;
• Completed four royalty transactions to acquire an additional seven royalties, including the rancher royalty at Gold
Standard Ventures (TSX-V: GSV) South Railroad project, reaching a total critical mass of over 50 royalties and streams;
• Subsequent to June 30, 2021:
o Announced record revenue in Q2 2021 and increased 2021 revenue guidance by +100% on July 27, 2021;
o Increased producing royalty count to 5 assets following first gold pour at the Segilola Gold Mine, as reported
by Thor Explorations Ltd on July 30, 2021; and
o Commenced trading on OTCQX on August 10, 2021
Summary of Quarterly Results
Three months
ended
June 30, 2021
Three months
ended
June 30, 2020
Six months
ended
June 30, 2021
Six months
ended
June 30, 2020
$ $ $ $
Statement of income (loss) and
comprehensive income (loss)
Revenues 1,314,030 - 1,854,010 -
Gross profit 1,053,487 - 1,532,758 -
Net income (loss) 2,057,694 (4,155,243) 1,440,277 (5,195,006)
Net income (loss) per share 0.05 (0.15) 0.04 (0.20)
For complete details, please refer to the Unaudited Condensed Interim Consolidated Financial Statements for the three and six
months ended June 30, 2021 and 2020 and associated Management Discussion and Analysis for the three and six months ended
June 30, 2021, available on SEDAR (www.sedar.com) or on the Company’s website (www.voxroyalty.com).
About Vox
Vox is a growth 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 unique intellectual property, a technically focused
transactional team and a global sourcing network which has allowed Vox to become the fastest growing company in the royalty
sector. Since the beginning of 2019, Vox has announced over 20 separate transactions to acquire over 45 royalties.
Further information on Vox can be found at www.voxroyalty.com.
For further information contact:
Kyle Floyd
Chief Executive Officer
+1-345-815-3939
Pascal Attard
Chief Financial Officer
+1-345-815-3939
Cautionary Note Regarding Forward Looking Information
This news release contains certain forward-looking statements. Any statements that express or involve discussions with respect to
predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always,
using words or phrases su ch as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate” “plans”,
“estimates” or “intends” or stating that certain actions, events or results “ may”, “could”, “would”, “might” or “will” be taken,
occur or be achieved) are not statements of historical fact and may be “forward-looking statements”. Forward-looking statements
are subject to a variety of risks and uncertainties which could cause actual events or results to materially differ from those reflected
in the forward-looking statements.
The forward-looking statements and information in this press release include, but are not limited to Vox’s anticipated outlook for
the fiscal 2021 year, completion of certain anticipated milestones, transactions and developments by the o perators of certain
underlying projects and mines in respect of Vox’s royalty and stream portfolio, anticipated future cash flows, future financi al
reporting by Vox, the receipt of payments from Vox’s mining royalty and streaming portfolio, and the complet ion of mine
construction, production and expansion under construction phases at the mines or properties that Vox holds an interests in.
Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determ inable
and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic
and competitive uncertainties and contingencies. Forward -looking statements and information are subject to various known an d
unknown risks and uncertainties, many of which are beyond the ability of Vox to control or predict, that may cause Vox’s actu al
results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based
on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: the requiremen t for
regulatory approvals and third party consents, the impact of general business and economic conditions, the absence of cont rol
over the mining operations from which Vox will receive royalties, including risks related to international operations, govern ment
relations and environmental regulation, the inherent risks involved in the exploration and development of mineral properti es; the
uncertainties involved in interpreting exploration data; the potential for delays in exploration or development activities; t he
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 be consistent with Vox’s expectations; accidents, equipment breakdowns, title matters, labor
disputes or other unanticipated difficulties or interruptions in operations; fluctuating metal prices; unanticipate d costs and
expenses; uncertainties relating to the availability and costs of financing needed in the future; the inherent uncertainty of
production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations; curre ncy
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 materiali ze, or should
assumptions underlying the forward -looking information or statement prove incorrect, actual results may vary materially from
those described herein as intended, planned, anticipated, believed, estimated or expected. Vox cautions that the fore going list of
material 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 and other uncertainties and potential events.
Vox has assumed that the material factors referred to in the previous paragraph will not cause such forward looking statement s
and information to differ materially from actual results or events. However, the list of these 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 the expectations of Vox 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 upon this information as of any other date. While Vox may elect to, it does not undertake to updat e this
information at any particular time except as required in accordance with applicable laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
Technical and Third-Party Information
Except where otherwise stated, the disclosure in this press release is based on information publicly disclosed by project ope rators
based on the information/data available in the public domain as at the date hereof and none of this information has been
independently verified by Vox. Specifically, as a royalty investor, Vox has limited, if any, access to the royalty operations. Although
Vox does not have any knowledge that such information may not be accurate, there can be no assurance that such information from
the project operators is complete or accurate. Some information publicly reported by the project operators may relate to a la rger
property than the area covered by Vox’s royalty interests. Vox’s royalty interests often cover less than 100% and sometimes only
a portion of the publicly reported mineral reserves, mineral resources and production of a property.