VOXR

Vox Royalty Corp. (VOXR) came out with quarterly earnings of $0.12 per share, beating the Zacks Consensus Estimate of $0.04 per share. This compares to a loss of $0.01 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +200.00%. A quarter ago, it was expected that this company would post earnings of $0.06 per share when it actually produced earnings of $0.09, delivering a surprise of +50%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Vox Royalty Corp., which belongs to the Zacks Mining - Miscellaneous industry, posted revenues of $6.15 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 35.9%. This compares to year-ago revenues of $2.77 million. The company has topped consensus revenue estimates just once over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Vox Royalty Corp. shares have added about 9.5% since the beginning of the year versus the S&P 500's gain of 12.9%. While Vox Royalty Corp. has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Vox Royalty Corp. was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.03 on $6.9 million in revenues for the coming quarter and $0.47 on $38.4 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Mining - Miscellaneous is currently in the bottom 25% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Flexible Solutions International Inc. (FSI), another stock in the broader Zacks Basic Materials sector, has yet to report results for the quarter ended June 2026. This company is expected to post quarterly earnings of $0.01 per share in its upcoming report, which represents a year-over-year change of -93.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Flexible Solutions International Inc.'s revenues are expected to be $11.72 million, up 3.1% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Vox Royalty Corp. (VOXR) : Free Stock Analysis Report Flexible Solutions International Inc. (FSI) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

DENVER, CO / ACCESS Newswire / August 12, 2026 / Vox Royalty Corp. (NASDAQ:VOXR)(TSX:VOXR) ("Vox" or the "Company"), a returns-focused mining royalty and streaming company, is pleased to announce its operating and financial results for the second quarter ended June 30, 2026. All amounts are presented in U.S. dollars unless otherwise indicated. Kyle Floyd, Chief Executive Officer, stated: "We are pleased to share these strong Q2 quarterly results and record first half results, which are in line with our increased 2026 guidance released in May, including record EPS of $0.60/share for the year-to-date. This quarter included two opportunistic divestments of capped assets, generating 14x and 2x returns over holding periods of 3 months and 9 months for the Federation royalty and i-80 offtake stream, respectively. As a result of record first half operating cash flow and these transactions, the Company recorded record cash on the balance sheet of $31.1 million. We also noted material organic developments within our portfolio during the quarter, such as the 20-year land access agreement at the Los Filos gold project and the anticipated ~400% life of mine production increase at the Bonikro gold mine. We look forward to providing further updates as our portfolio of streams and royalties advances alongside well-capitalized operators, complemented by a robust pipeline of accretive acquisition opportunities." Second Quarter 2026 Highlights Net income of $17.0 million or $0.25/share (2Q 2025: net loss of $0.4 million or $0.01/share). Net income for the period includes a Revaluation Gain of $11.0 million on the portfolio of offtake streams (the "Portfolio") that Vox acquired in September 2025, driven by the Los Filos community milestones and Bonikro mine life extension. Record cash position at quarter end of $31.1 million and fully undrawn credit facility of $40 million (with an additional accordion of $35 million). Record total assets at quarter end of $163.0 million compared to 123.4 million at the end of December 2025. Royalty and net precious metal receipts1 of $6.2 million (2Q 2025: $2.8 million). Gross profit generated of $4.1 million (2Q 2025: $1.7 million). Income from operations of $7.6 million (2Q 2025: loss of $0.2 million). Operating cash flows of $4.7 million (2Q 2025: $1.8 million). Adjusted EBITDA1 of $9.7 million or $0.14/share (Q2 2025: $1.1 million or $0.01/share). Divested the capped Federation royalty for A$8 million in June 2026 after acquiring it for A$600,000 in February 2026. Divested the capped i-80 offtake stream for $4.8 million in June 2026 after acquiring it for $2.7 million in September 2025. Commodity mix breakdown: 83% gold and 17% other (predominantly copper and iron ore). For complete details, please refer to the unaudited condensed interim consolidated financial statements and associated Management Discussion and Analysis for the three and six months ended June 30, 2026, available on SEDAR+ (www.sedarplus.ca), the SEC's website (www.sec.gov) or on Vox's website (www.voxroyalty.com). First Half 2026 Highlights Record net income of $41.5 million or $0.60/share (1H 2025: net loss of $0.7 million or $0.01/share). Net income for the period includes a Revaluation Gain of $27.5 million on the Portfolio that Vox acquired in September 2025. The Revaluation Gain results from: Record royalty and net precious metal receipts1 of $22.2 million (1H 2025: $5.4 million). Record gross profit generated of $15.7 million (1H 2025: $3.6 million). Record income from operations of $14.7 million (1H 2025: $0.0 million). Record operating cash flows of $19.9 million (1H 2025: $2.8 million). Record cash flows generated from operating and investing activities of $30.0 million. Record Adjusted EBITDA1 of $22.4 million or $0.31/share (1H 2025: $2.1 million or $0.05/share). Repaid the $6.7 million credit facility balance that was owing at the end of December 2025, leaving a fully undrawn credit facility at quarter end. Commodity mix breakdown: 89% gold and 11% other (predominantly copper and iron ore). 2026 Outlook Guidance Reiterated After increasing royalty and net precious metal receipts[1] guidance in Q1, Vox reiterates 2026 guidance in the range of $32 million to $37 million (excluding the $10.4 million in proceeds from the divestment of the Federation royalty and i-80 offtake stream). The Company anticipates that a greater proportion of royalty and net precious metal receipts1 for 2026 will be received in the first half of 2026 than the second half of 2026 due to a greater volume of gold deliveries being received in the first and second quarters. Quarterly Dividend The Company is also pleased to announce that its Board of Directors has declared a quarterly dividend of $0.015 per common share, to be paid on October 14, 2026, to shareholders of record as of the close of business on September 30, 2026. For shareholders residing in Canada, the dividend will be paid in Canadian dollars based on the daily exchange rate published by the Bank of Canada on September 30, 2026. The dividend qualifies as an "eligible dividend" as defined in the Income Tax Act (Canada). The dividend is subject to customary Canadian withholding tax for shareholders that are not resident in Canada. About Vox Vox Royalty Corp. (NASDAQ:VOXR)(TSX:VOXR) is a returns-focused mining royalty and streaming company built on disciplined capital allocation and risk-adjusted value creation. The Company holds a diversified portfolio of over 70 royalties and streams, including 10 producing and 27 development stage assets, with primary exposure to gold and select industrial metals across top tier mining jurisdictions. Founded in 2014, Vox combines a technically driven team, early catalyst identification, and a proprietary royalty database to target convex, long-term returns for shareholders. Vox is a constituent of the Russell 2000® and Russell 3000® Indexes and is included in the MVIS® Global Junior Gold Miners Index and VanEck Junior Gold Miners ETF (GDXJ). For more information, visit the Company's website at: www.voxroyalty.com. For further information contact: Cautionary Statements to U.S. Securityholders The financial information included or incorporated by reference in this press release or the documents referenced herein has been prepared in accordance with International Financial Reporting Standards, as issued by the International Accounting Standards Board ("IFRS Accounting Standards"), which differs from US generally accepted accounting principles ("US GAAP") in certain material respects, and thus are not directly comparable to financial statements prepared in accordance with US GAAP. Cautionary Note Regarding Forward-Looking Statements and Forward-Looking Information This press release contains "forward-looking statements", within the meaning of the U.S. Securities Act of 1933, as amended, the U.S. Securities Exchange Act of 1934, as amended, the Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation. 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 such 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, statements regarding the payment of a quarterly dividend in July 2026 and on any future date thereafter, development expectations at key growth assets during 2026 and beyond, expectations to realize royalty and net precious metal receipts1 from producing and development stage assets in the near-term, and royalty and net precious metal receipts1 expectations for fiscal year 2026. Achievement of the 2026 royalty and net precious metal receipts1 guidance stated in this press release is subject to numerous risks and uncertainties, including but not limited to changes in commodity prices and the ability of operators to attain the results set out in their forecasts. Accordingly, Vox cannot provide assurance that the realized royalty and net precious metal receipts1 for 2026 will be in the range set forth above. In addition, management may or may not revise its guidance during the year to reflect more current information. If Vox is unable to achieve anticipated guidance, or if management revises its guidance, the Company's future results of operations may be adversely affected, and the Company's share price may decline. Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by Vox as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. The material factors and assumptions used in the preparation of the forward-looking statements contained herein, which may prove to be incorrect, include, but are not limited to, the assumptions set forth herein and in Vox's annual information form for the financial year ended December 31, 2025 filed with Canadian securities regulators as well as: the accuracy of public statements and disclosures made by the owners or operators of such underlying properties; no material adverse change in the market price of the commodities that underlie the asset portfolio; no material changes to existing tax treatment; the expected application of tax laws and regulations by taxation authorities; the expected assessment and outcome of any audit by any taxation authority; no adverse development in respect of any significant property in which Vox holds a royalty, stream or other interest; the accuracy of publicly disclosed expectations for the development of underlying properties that are not yet in production; integration of acquired assets; and the absence of any other factors that could cause actions, events or results to differ from those anticipated, estimated or intended. 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, including but not limited to: the impact of general business and economic conditions, including international trade and tariffs; the absence of control over mining operations from which Vox will purchase precious metals or from which it will receive royalty, stream or other payments, and risks related to those mining operations, including risks related to international operations, government and environmental regulation, delays in mine construction and operations, actual results of mining and current exploration activities, conclusions of economic evaluations and changes in project parameters as plans are refined; problems related to the ability to market precious metals or other metals; industry conditions, including commodity price fluctuations, interest and exchange rate fluctuations; interpretation by government entities of tax laws or the implementation of new tax laws; the volatility of the stock market; competition; risks related to Vox's dividend policy; epidemics, pandemics or other public health crises, geopolitical events and other uncertainties, such as the changes to United States tariff and import/export regulations, as well as those factors discussed in the section entitled "Risk Factors" in Vox's annual information form for the financial year ended December 31, 2025 available at www.sedarplus.ca and the SEC's website at www.sec.gov (as part of Vox's Form 40-F). Should one or more of these risks, uncertainties or other factors materialize, 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 foregoing list of material factors is not exhaustive. When relying on Vox'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 statements 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 update this information at any particular time except as required in accordance with applicable laws. None of the TSX, its Regulation Services Provider (as that term is defined in policies of the TSX) or The Nasdaq Stock Market LLC accepts responsibility for the adequacy or accuracy of this press release. Technical and Third-Party Information Except where otherwise stated, the disclosure in this press release is based on information publicly disclosed by project operators 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 larger 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. Note Regarding Certain Measures of Performance Non-GAAP Financial Measures Royalty and net precious metal receipts Royalty revenue and net precious metal receipts is a non-GAAP financial measure. Net precious metal income related to Vox's offtake agreements is not IFRS 15 revenue and therefore would not be combined with royalty revenue under IFRS Accounting Standards. Income from net precious metal receipts represents the proceeds the Company receives from the sale of refined gold to a third party less the purchase price paid to the mining operator for the refined gold and sales commissions, plus royalty revenue recognized during the period. Management uses the royalty revenue and net precious metal receipts to evaluate the underlying operating performance of the Company for the reporting periods presented, to assist with the planning and forecasting of future operating results, and to supplement information in its consolidated financial statements. Management believes that in addition to measures prepared in accordance with IFRS Accounting Standards such as royalty revenue, investors may use the royalty revenue and net precious metal receipts to evaluate the results of the underlying business. Management believes that the royalty revenue and net precious metal receipts is a useful measure of the Company performance because it adjusts for items which management believes reflect the Company's core operating results from period to period. Royalty revenue and net precious metal receipts is intended to provide additional information to investors and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS Accounting Standards. It does not have any standardized meaning under IFRS Accounting Standards and may not be comparable to similar measures presented by other issuers. Average net precious metal income per ounce Average net precious metal income per ounce is a non-GAAP financial metric, which is defined as net precious metal income related to Vox's offtake agreements, representing the proceeds the Company receives from the sale of refined gold to a third party less the purchase price paid to the mining operator for the refined gold and sales commissions, divided by the number of gold ounces sold during the period. Management uses the non-GAAP financial metric of average net precious metal income per ounce to evaluate the underlying operating performance of the Company for the reporting periods presented and to assist with the planning and forecasting of future operating results. Management believes that in addition to measures prepared in accordance with IFRS Accounting Standards such as revenue, investors may use average net precious metal income per ounce to evaluate the results of the underlying business. Management believes that average net precious metal income per ounce is a useful measure of the Company performance because it adjusts for items which management believes reflect the Company's core operating results from period to period. Average net precious metal income per ounce is intended to provide additional information to investors and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS Accounting Standards. It does not have any standardized meaning under IFRS Accounting Standards and may not be comparable to similar measures presented by other issuers. Adjusted EBITDA and Adjusted EBITDA per share Adjusted EBITDA and adjusted EBITDA per share are non-GAAP financial measures, which excludes the following from net income and net income per share: income tax expense; interest and finance expenses; depletion on royalties and depreciation-like charges; amortization; impairment charges, write-downs, and reversals, including expected credit losses; and revaluation of streams and other interests. Management believes that adjusted EBITDA and adjusted EBITDA per share are valuable indicators of our ability to generate liquidity by producing operating cash flow to fund working capital needs, service debt obligations and fund acquisitions. Management uses adjusted EBITDA for this purpose. Adjusted EBITDA and adjusted EBITDA per share are also frequently used by investors and analysts for valuation purposes, whereby adjusted EBITDA is multiplied by a factor or ‘‘multiple'' that is based on an observed or inferred relationship between adjusted EBITDA and market values to determine the approximate total enterprise value of a company. In addition to excluding income tax expense, interest and finance costs, depletion on royalties and depreciation-like charges, and amortization, adjusted EBITDA and adjusted EBITDA per share also remove the effect of impairment charges, write-downs, and reversals, including expected credit losses, and revaluation of streams and other interests. We believe this additional information will assist analysts, investors and our shareholders to better understand our ability to generate liquidity from operating cash flow, by excluding these amounts from the calculation as they are not indicative of the performance of our core business and not necessarily reflective of the underlying operating results for the periods presented. Adjusted EBITDA and adjusted EBITDA per share are intended to provide additional information to investors and analysts and do not have any standardized definition under IFRS Accounting Standards and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS Accounting Standards. Adjusted EBITDA and adjusted EBITDA per share are not necessarily indicative of operating profit or operating cash flow as determined under IFRS Accounting Standards. Other companies may calculate adjusted EBITDA and adjusted EBITDA per share differently. The following table reconciles adjusted EBITDA and adjusted EBITDA per share to net income and net income per share, the most directly comparable IFRS Accounting Standards measure. Royalty and net precious metal receipts, average net precious metal income per ounce, adjusted EBITDA, and adjusted EBITDA per share, as presented above are non-GAAP financial measures with no standardized meaning under IFRS Accounting Standards and therefore may not be comparable to similar measures presented by other issuers. For further information and a detailed reconciliation of each non-GAAP financial measure to the most directly comparable IFRS Accounting Standards measure, see "Non-GAAP Financial Measures'' section of this press release. SOURCE: Vox Royalty Corp. View the original press release on ACCESS Newswire

Almonty Industries Inc. (ALM) came out with quarterly earnings of $0.1 per share, in line with the Zacks Consensus Estimate . This compares to a loss of $0.05 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this company would post earnings of $0.01 per share when it actually produced earnings of $0.01, delivering no surprise. Over the last four quarters, the company has not been able to surpass consensus EPS estimates. Almonty Industries Inc., which belongs to the Zacks Mining - Miscellaneous industry, posted revenues of $31.05 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 41.02%. This compares to year-ago revenues of $5.2 million. The company has topped consensus revenue estimates just once over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Almonty Industries Inc. shares have added about 55.5% since the beginning of the year versus the S&P 500's gain of 13.3%. While Almonty Industries Inc. has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Almonty Industries Inc. was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.14 on $86.54 million in revenues for the coming quarter and $0.44 on $259.96 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Mining - Miscellaneous is currently in the bottom 24% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Vox Royalty Corp. (VOXR), has yet to report results for the quarter ended June 2026. This company is expected to post quarterly earnings of $0.04 per share in its upcoming report, which represents a year-over-year change of +500%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Vox Royalty Corp.'s revenues are expected to be $9.6 million, up 246.6% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Almonty Industries Inc. (ALM) : Free Stock Analysis Report Vox Royalty Corp. (VOXR) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

The market expects Vox Royalty Corp. (VOXR) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. This company is expected to post quarterly earnings of $0.04 per share in its upcoming report, which represents a year-over-year change of +500%. Revenues are expected to be $9.6 million, up 246.6% from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For Vox Royalty Corp., the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -50.00%. On the other hand, the stock currently carries a Zacks Rank of #4. So, this combination makes it difficult to conclusively predict that Vox Royalty Corp. will beat the consensus EPS estimate. While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Vox Royalty Corp. would post earnings of $0.06 per share when it actually produced earnings of $0.09, delivering a surprise of +50.00%. Over the last four quarters, the company has beaten consensus EPS estimates just once. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Vox Royalty Corp. doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Among the stocks in the Zacks Mining - Miscellaneous industry, Silvercorp (SVM), is soon expected to post earnings of $0.21 per share for the quarter ended June 2026. This estimate indicates a year-over-year change of +110%. This quarter's revenue is expected to be $138.7 million, up 70.5% from the year-ago quarter. Over the last 30 days, the consensus EPS estimate for Silvercorp has been revised 51.9% down to the current level. Nevertheless, the company now has an Earnings ESP of 0.00%, reflecting an equal Most Accurate Estimate. When combined with a Zacks Rank of #3 (Hold), this Earnings ESP makes it difficult to conclusively predict that Silvercorp will beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Vox Royalty Corp. (VOXR) : Free Stock Analysis Report Silvercorp Metals Inc. (SVM) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

DENVER, CO / ACCESS Newswire / May 13, 2026 / Vox Royalty Corp. (NASDAQ:VOXR)(TSX:VOXR) ("Vox" or the "Company"), a returns-focused mining royalty and streaming company, is pleased to announce its operating and financial results for the first quarter ended March 31, 2026. All amounts in U.S. dollars unless otherwise indicated. Kyle Floyd, Chief Executive Officer, stated: "We are thrilled to share exceptional Q1 2026 results with our shareholders, which include record quarterly receipts, operating cash flows and net income. We are also pleased to announce an increase in 2026 receipts guidance as a result of both higher expected production volumes and realized margins. We have increased 2026 receipts guidance to a range of $32M - $37M. Our significant net income was driven by higher receipts during the period and a revaluation gain of $16.5 million which comes as a result of buying quality assets at disciplined prices that have increased in value since their acquisition. We remain focused on consistently delivering exceptional per-share returns for our shareholders and these results are a reflection of significant progress in that regard. We look forward to elaborating on these results and our strategy in tomorrow's virtual Investor Day webinar." Financial Highlights - Q1 2026 compared to Q1 2025 Record net income of $24.5 million or $0.36/share (Q1 2025: net loss of $0.4 million or $0.01/share). Net income for the period includes a revaluation gain of $16.5 million on the Global Gold Portfolio that Vox acquired in September 2025. The revaluation gain is primarily a result of a reforecasting of the estimated realized margin to be earned on the Global Gold portfolio, acquired in September 2025, for the remaining expected life of the assets in the portfolio. Record quarterly royalty and net precious metal receipts1 of $16.0 million (Q1 2025: $2.7 million). $13.8 million in net precious metal income (Q1 2025: $nil). The Company realized average net precious metal income margins of $179.41/oz1 on 77,293 ounces delivered for the period. $2.2 million from royalty revenue (Q1 2025: $2.7 million). Record gross profit generated of $11.6 million (Q1 2025: $1.9 million). Record income from operations of $7.1 million (Q1 2025: $0.1 million). Commodity mix breakdown: 92% gold and 8% other (predominantly copper and iron ore). Record operating cash flows of $15.2 million (Q1 2025: $1.0 million). Record Adjusted EBITDA1 of $12.7 million or $0.18/share (Q1 2025: $1 million or $0.02/share). Repaid the $6.7 million credit facility balance that was owing at the end of December 2025, leaving a fully undrawn credit facility at quarter end. For complete details, please refer to the unaudited condensed interim consolidated financial statements and associated Management Discussion and Analysis for the three months ended March 31, 2026, available on SEDAR+ (www.sedarplus.ca), the SEC's website (www.sec.gov) or on Vox's website (www.voxroyalty.com). 2026 Guidance Increase Following strong Q1 2026 results, the Company has increased its 2026 guidance and now estimates royalty and net precious metal receipts1 to total between $32 million and $37 million, previous guidance range was $28 million to $32 million. The Company anticipates that a greater proportion of royalty and net precious metal receipts1 for 2026 will be received in the first half of 2026 due to more gold deliveries being received in the first and second quarters. The Company expects total gold deliveries of 230,000 ounces for 2026, of which 77,293 ounces were delivered in Q1 2026. Further detail on the 2026 guidance outlook will be released in Vox's Investor Day materials on May 14, 2026. Key growth assets for the Company for 2026 include, based primarily on public disclosure of third-party operators: The Global Gold Portfolio, with a full year of gold metal deliveries over the producing assets acquired on September 26, 2025. The Kanmantoo copper royalty, which was acquired on May 15, 2025, with relatively consistent quarterly revenue anticipated for 2026 guidance of 12,750t - 14,000t copper production (vs. 11,315t copper production in 2025). The Binduli North gold mine in Western Australia, where, in July 2025, Norton secured regulatory approval for a major expansion, boosting crushing and grinding capacity by 40% from 5Mtpa to 7Mtpa and setting a life-of-mine plan up to 8Mtpa over approximately 9 years. Potential first revenue from the Mt Ida royalty, Horseshoe Lights royalty, Castle Hill milestone payment and Federation royalties. Management's 2026 outlook on royalty and net precious metal receipts1 is based primarily on publicly available information of the owners or operators of projects on which the Company has a royalty, stream or other interest and which management believes to be reliable. When publicly available forecasts on properties are not available, management seeks to obtain internal forecasts from the owners or operators, if available, or generates internal best estimates based on the information available. Quarterly Dividend The Company is also pleased to announce that its Board of Directors has declared a quarterly dividend of $0.015 per common share, to be paid on July 14, 2026, to shareholders of record as of the close of business on June 30, 2026. For shareholders residing in Canada, the dividend will be paid in Canadian dollars based on the daily exchange rate published by the Bank of Canada on June 30, 2026. The dividend qualifies as an "eligible dividend" as defined in the Income Tax Act (Canada). The dividend is subject to customary Canadian withholding tax for shareholders that are not resident in Canada. Investor Day Webcast Event Details As announced on May 6, 2026, Vox will be hosting a virtual Investor Day webcast followed by a question and answer period, tomorrow, May 14, 2026. Details as follows: Date: May 14, 2026Time: 11:00 a.m. to 12:00 p.m. Eastern Daylight Time (EDT)Registration Link: https://www.webcaster5.com/Webcast/Page/3162/53917A webcast replay will be available for up to 60 days on the Company's website at https://www.voxroyalty.com/events About Vox Vox is a returns-focused mining royalty and streaming company with embedded organic growth across a portfolio of more than 70 royalties and streams in top-tier mining jurisdictions. Vox generates revenue through royalty and streaming interests rather than operating mines. Founded in 2014, Vox's technical team drives early catalyst identification, proprietary transaction sourcing and disciplined capital allocation, with a focus on per-share returns. Vox is a constituent of the Russell 2000® and Russell 3000® Indexes and is included in the MVIS® Global Junior Gold Miners Index and VanEck Junior Gold Miners ETF (GDXJ). For more information, visit the Company's website at: www.voxroyalty.com. For further information contact: Cautionary Statements to U.S. Securityholders The financial information included or incorporated by reference in this press release or the documents referenced herein has been prepared in accordance with International Financial Reporting Standards, as issued by the International Accounting Standards Board ("IFRS Accounting Standards"), which differs from US generally accepted accounting principles ("US GAAP") in certain material respects, and thus are not directly comparable to financial statements prepared in accordance with US GAAP. Cautionary Note Regarding Forward-Looking Statements and Forward-Looking Information This press release contains "forward-looking statements", within the meaning of the U.S. Securities Act of 1933, as amended, the U.S. Securities Exchange Act of 1934, as amended, the Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation. 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 such 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, statements regarding the payment of a quarterly dividend in July 2026 and on any future date thereafter, development expectations at key growth assets during 2026, expectations to realize royalty and net precious metal receipts1 from producing and development stage assets in the near-term, and royalty and net precious metal receipts1 expectations for fiscal year 2026. Achievement of the 2026 royalty and net precious metal receipts1 guidance stated in this press release is subject to numerous risks and uncertainties, including but not limited to changes in commodity prices and the ability of operators to attain the results set out in their forecasts. Accordingly, Vox cannot provide assurance that the realized royalty and net precious metal receipts1 for 2026 will be in the range set forth above. In addition, management may or may not revise its guidance during the year to reflect more current information. If Vox is unable to achieve anticipated guidance, or if management revises its guidance, the Company's future results of operations may be adversely affected, and the Company's share price may decline Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by Vox as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. The material factors and assumptions used in the preparation of the forward-looking statements contained herein, which may prove to be incorrect, include, but are not limited to, the assumptions set forth herein and in Vox's annual information form for the financial year ended December 31, 2025 filed with Canadian securities regulators as well as: the accuracy of public statements and disclosures made by the owners or operators of such underlying properties; no material adverse change in the market price of the commodities that underlie the asset portfolio; no material changes to existing tax treatment; the expected application of tax laws and regulations by taxation authorities; the expected assessment and outcome of any audit by any taxation authority; no adverse development in respect of any significant property in which Vox holds a royalty, stream or other interest; the accuracy of publicly disclosed expectations for the development of underlying properties that are not yet in production; integration of acquired assets; and the absence of any other factors that could cause actions, events or results to differ from those anticipated, estimated or intended. 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, including but not limited to: the impact of general business and economic conditions, including international trade and tariffs; the absence of control over mining operations from which Vox will purchase precious metals or from which it will receive royalty, stream or other payments, and risks related to those mining operations, including risks related to international operations, government and environmental regulation, delays in mine construction and operations, actual results of mining and current exploration activities, conclusions of economic evaluations and changes in project parameters as plans are refined; problems related to the ability to market precious metals or other metals; industry conditions, including commodity price fluctuations, interest and exchange rate fluctuations; interpretation by government entities of tax laws or the implementation of new tax laws; the volatility of the stock market; competition; risks related to Vox's dividend policy; epidemics, pandemics or other public health crises, geopolitical events and other uncertainties, such as the changes to United States tariff and import/export regulations, as well as those factors discussed in the section entitled "Risk Factors" in Vox's annual information form for the financial year ended December 31, 2025 available at www.sedarplus.ca and the SEC's website at www.sec.gov (as part of Vox's Form 40-F). Should one or more of these risks, uncertainties or other factors materialize, 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 foregoing list of material factors is not exhaustive. When relying on Vox'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 statements 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 update this information at any particular time except as required in accordance with applicable laws. None of the TSX, its Regulation Services Provider (as that term is defined in policies of the TSX) or The Nasdaq Stock Market LLC accepts responsibility for the adequacy or accuracy of this press release. Technical and Third-Party Information Except where otherwise stated, the disclosure in this press release is based on information publicly disclosed by project operators 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 larger 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. Note Regarding Certain Measures of Performance Non-GAAP Financial Measures Royalty revenue and net precious metal receipts Royalty revenue and net precious metal receipts is a non-GAAP financial measure. Net precious metal income related to Vox's offtake agreements is not IFRS 15 revenue and therefore would not be combined with royalty revenue under IFRS Accounting Standards. Income from net precious metal receipts represents the proceeds the Company receives from the sale of refined gold to a third party less the purchase price paid to the mining operator for the refined gold and sales commissions, plus royalty revenue recognized during the period. Management uses the royalty revenue and net precious metal receipts to evaluate the underlying operating performance of the Company for the reporting periods presented, to assist with the planning and forecasting of future operating results, and to supplement information in its consolidated financial statements. Management believes that in addition to measures prepared in accordance with IFRS Accounting Standards such as royalty revenue, investors may use the royalty revenue and net precious metal receipts to evaluate the results of the underlying business. Management believes that the royalty revenue and net precious metal receipts is a useful measure of the Company performance because it adjusts for items which management believes reflect the Company's core operating results from period to period. Royalty revenue and net precious metal receipts is intended to provide additional information to investors and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS Accounting Standards. It does not have any standardized meaning under IFRS Accounting Standards and may not be comparable to similar measures presented by other issuers. Average net precious metal income per ounce Average net precious metal income per ounce is a non-GAAP financial metric, which is defined as net precious metal income related to Vox's offtake agreements, representing the proceeds the Company receives from the sale of refined gold to a third party less the purchase price paid to the mining operator for the refined gold and sales commissions, divided by the number of gold ounces sold during the period. Management uses the non-GAAP financial metric of average net precious metal income per ounce to evaluate the underlying operating performance of the Company for the reporting periods presented and to assist with the planning and forecasting of future operating results. Management believes that in addition to measures prepared in accordance with IFRS Accounting Standards such as revenue, investors may use average net precious metal income per ounce to evaluate the results of the underlying business. Management believes that average net precious metal income per ounce is a useful measure of the Company performance because it adjusts for items which management believes reflect the Company's core operating results from period to period. Average net precious metal income per ounce is intended to provide additional information to investors and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS Accounting Standards. It does not have any standardized meaning under IFRS Accounting Standards and may not be comparable to similar measures presented by other issuers. Adjusted EBITDA and Adjusted EBITDA per share Adjusted EBITDA and adjusted EBITDA per share are non-GAAP financial measures, which excludes the following from net income and net income per share: income tax expense; interest and finance expenses; depletion on royalties and depreciation-like charges; amortization; impairment charges, write-downs, and reversals, including expected credit losses; gain/loss on sale or disposition of assets; and revaluation of streams and other interests. Management believes that adjusted EBITDA and adjusted EBITDA per share are valuable indicators of our ability to generate liquidity by producing operating cash flow to fund working capital needs, service debt obligations and fund acquisitions. Management uses adjusted EBITDA for this purpose. Adjusted EBITDA and adjusted EBITDA per share are also frequently used by investors and analysts for valuation purposes, whereby adjusted EBITDA is multiplied by a factor or ‘‘multiple'' that is based on an observed or inferred relationship between adjusted EBITDA and market values to determine the approximate total enterprise value of a company. In addition to excluding income tax expense, interest and finance costs, depletion on royalties and depreciation-like charges, and amortization, adjusted EBITDA and adjusted EBITDA per share also remove the effect of impairment charges, write-downs, and reversals, including expected credit losses, gain/loss on sale or disposition of assets, and revaluation of streams and other interests. We believe this additional information will assist analysts, investors and our shareholders to better understand our ability to generate liquidity from operating cash flow, by excluding these amounts from the calculation as they are not indicative of the performance of our core business and not necessarily reflective of the underlying operating results for the periods presented. Adjusted EBITDA and adjusted EBITDA per share are intended to provide additional information to investors and analysts and do not have any standardized definition under IFRS Accounting Standards and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS Accounting Standards. Adjusted EBITDA and adjusted EBITDA per share are not necessarily indicative of operating profit or operating cash flow as determined under IFRS Accounting Standards. Other companies may calculate adjusted EBITDA and adjusted EBITDA per share differently. The following table reconciles adjusted EBITDA and adjusted EBITDA per share to net income and net income per share, the most directly comparable IFRS Accounting Standards measure. SOURCE: Vox Royalty Corp. View the original press release on ACCESS Newswire

DENVER, CO / ACCESS Newswire / March 30, 2026 / Vox Royalty Corp. (NASDAQ:VOXR)(TSX:OXR) ("Vox" or the "Company"), a returns focused mining royalty and streaming company, is pleased to announce its operating and financial results for the fourth quarter ended December 31, 2025. All amounts in U.S. dollars unless otherwise indicated. Kyle Floyd, Chief Executive Officer, stated: "We are pleased to deliver strong 2025 financial results to our shareholders, marked by record annual receipts, record operating cash flows generated and robust organic growth across our royalty and streaming portfolio. We exited 2025 with clear momentum, underpinned by disciplined execution, enhanced capital efficiency, and continued expansion of a high-quality asset base. Early 2026 achievements include the amendment of the second Greenstone Offtake Stream, new Australian royalty acquisitions, full repayment of our revolving credit facility, and inclusion in the GDXJ index, underscoring both the pace and progress of the business. With a scalable model, strengthened balance sheet, and growing exposure to cash-flowing assets, Vox is well positioned for enhanced operating leverage in 2026 and beyond." Financial Highlights - 2025 compared to 2024 Record royalty and net precious metal receipts1 of $16.6 million (2024: $11 million). $12 million from royalty revenue (2024: $11 million). $4.6 million in net precious metal income (2024: $nil). The Company realized average net precious metal income of $91.06/oz1 for the period. Net precious metal income comprises gross sales of refined gold of $168.3 million less payments to operators for the refined gold of $163.7 million. Record gross profit generated of $10.1 million (2024: $7.9 million). Commodity mix breakdown: Gold: 55%; and other (predominantly copper and iron ore): 45%. Record operating cash flows of $10.7 million (2024: $5.5 million). Record Adjusted EBITDA1 of $9.3 million or $0.17/share (2024: $4.6 million or $0.09/share). Financial Highlights - Q4 2025 compared to Q4 2024 Record quarterly royalty and net precious metal receipts1 of $7.4 million (Q4 2024: $2.9 million). $3 million from royalty revenue (Q4 2024: $2.9 million). $4.4 million in net precious metal income (Q4 2024: $nil) The Company realized average net precious metal income of $93.71/oz1 for the period. Net precious metal income comprises gross sales of refined gold of $168.1 million less payments to operators for the refined gold of $163.7 million. Record gross profit generated of $4.1 million (Q4 2024: $1.5 million). Commodity mix breakdown: Gold: 75%; and other (predominantly copper and iron ore): 25%. Record operating cash flows of $6.2 million (Q4 2024: $0.1 million). Record Adjusted EBITDA1 of $4.9 million or $0.07/share (Q4 2024: $1.4 million or $0.03/share) For complete details, please refer to the consolidated financial statements and associated Management Discussion and Analysis for the years ended December 31, 2025 and 2024, available on SEDAR+ (www.sedarplus.ca), the SEC's website (www.sec.gov) or on Vox's website (www.voxroyalty.com). About Vox Vox Royalty Corp. (NASDAQ:VOXR)(TSX:VOXR) is a returns-focused mining royalty and streaming company built on disciplined capital allocation and risk-adjusted value creation. The Company holds a diversified portfolio of over 70 royalties and streams, including 12 producing and 24 development stage assets, with primary exposure to gold and select industrial metals across top tier mining jurisdictions. Founded in 2014, Vox combines a technically driven team, early catalyst identification, and a proprietary royalty database to target convex, long-term returns for shareholders. Vox is a constituent of the Russell 2000® and Russell 3000® Indexes and is included in the MVIS® Global Junior Gold Miners Index and VanEck Junior Gold Miners ETF (GDXJ). For more information, visit the company's website at: www.voxroyalty.com. For further information contact: Cautionary Statements to U.S. Securityholders The financial information included or incorporated by reference in this press release or the documents referenced herein has been prepared in accordance with International Financial Reporting Standards, as issued by the International Accounting Standards Board ("IFRS Accounting Standards"), which differs from US generally accepted accounting principles ("US GAAP") in certain material respects, and thus are not directly comparable to financial statements prepared in accordance with US GAAP. Cautionary Note Regarding Forward-Looking Statements and Forward-Looking Information This press release contains "forward-looking statements", within the meaning of the U.S. Securities Act of 1933, as amended, the U.S. Securities Exchange Act of 1934, as amended, the Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation. 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 such 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, expectations regarding further operating leverage in 2026. Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by Vox as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. The material factors and assumptions used in the preparation of the forward-looking statements contained herein, which may prove to be incorrect, include, but are not limited to, the assumptions set forth herein and in Vox's annual information form for the financial year ended December 31, 2024 filed with Canadian securities regulators as well as: the accuracy of public statements and disclosures made by the owners or operators of such underlying properties; no material adverse change in the market price of the commodities that underlie the asset portfolio; no material changes to existing tax treatment; the expected application of tax laws and regulations by taxation authorities; the expected assessment and outcome of any audit by any taxation authority; no adverse development in respect of any significant property in which Vox holds a royalty, stream or other interest; the accuracy of publicly disclosed expectations for the development of underlying properties that are not yet in production; integration of acquired assets; and the absence of any other factors that could cause actions, events or results to differ from those anticipated, estimated or intended. 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, including but not limited to: the impact of general business and economic conditions, including international trade and tariffs; the absence of control over mining operations from which Vox will purchase precious metals or from which it will receive royalty, stream or other payments, and risks related to those mining operations, including risks related to international operations, government and environmental regulation, delays in mine construction and operations, actual results of mining and current exploration activities, conclusions of economic evaluations and changes in project parameters as plans are refined; problems related to the ability to market precious metals or other metals; industry conditions, including commodity price fluctuations, interest and exchange rate fluctuations; interpretation by government entities of tax laws or the implementation of new tax laws; the volatility of the stock market; competition; risks related to Vox's dividend policy; epidemics, pandemics or other public health crises, geopolitical events and other uncertainties, such as the changes to United States tariff and import/export regulations, as well as those factors discussed in the section entitled "Risk Factors" in Vox's annual information form for the financial year ended December 31, 2024 available at www.sedarplus.ca and the SEC's website at www.sec.gov (as part of Vox's Form 40-F). Should one or more of these risks, uncertainties or other factors materialize, 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 foregoing list of material factors is not exhaustive. When relying on Vox'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 statements 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 update this information at any particular time except as required in accordance with applicable laws. None of the TSX, its Regulation Services Provider (as that term is defined in policies of the TSX) or The Nasdaq Stock Market LLC accepts responsibility for the adequacy or accuracy of this press release. Technical and Third-Party Information Except where otherwise stated, the disclosure in this press release is based on information publicly disclosed by project operators 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 larger 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. Note Regarding Certain Measures of Performance Non-GAAP Financial Measures Total of royalty revenue and net precious metal receipts The total of royalty revenue and net precious metal receipts is a non-GAAP financial measure. Net precious metal income related to Vox's offtake agreements is not IFRS 15 revenue and therefore would not be combined with royalty revenue under IFRS Accounting Standards. Income from net precious metal receipts represents the proceeds the Company receives from the sale of refined gold to a third party less the purchase price paid to the mining operator for the refined gold and sales commissions, plus royalty revenue recognized during the period. Management uses the total of royalty revenue and net precious metal receipts to evaluate the underlying operating performance of the Company for the reporting periods presented, to assist with the planning and forecasting of future operating results, and to supplement information in its consolidated financial statements. Management believes that in addition to measures prepared in accordance with IFRS Accounting Standards such as royalty revenue, investors may use the total of royalty revenue and net precious metal receipts to evaluate the results of the underlying business. Management believes that the total of royalty revenue and net precious metal receipts is a useful measure of the Company performance because it adjusts for items which management believes reflect the Company's core operating results from period to period. The total of royalty revenue and net precious metal receipts is intended to provide additional information to investors and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS Accounting Standards. It does not have any standardized meaning under IFRS Accounting Standards and may not be comparable to similar measures presented by other issuers. Average net precious metal income per ounce Average net precious metal income per ounceis a non-GAAP financial metric, which is defined as net precious metal income related to Vox's offtake agreements, representing the proceeds the Company receives from the sale of refined gold to a third party less the purchase price paid to the mining operator for the refined gold and sales commissions, divided by the number of gold ounces sold during the period. Management uses the non-GAAP financial metric of average net precious metal income per ounce to evaluate the underlying operating performance of the Company for the reporting periods presented and to assist with the planning and forecasting of future operating results. Management believes that in addition to measures prepared in accordance with IFRS Accounting Standards such as revenue, investors may use average net precious metal income per ounce to evaluate the results of the underlying business. Management believes that average net precious metal income per ounce is a useful measure of the Company performance because it adjusts for items which management believes reflect the Company's core operating results from period to period. Average net precious metal income per ounce is intended to provide additional information to investors and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS Accounting Standards. It does not have any standardized meaning under IFRS Accounting Standards and may not be comparable to similar measures presented by other issuers. Adjusted EBITDA and Adjusted EBITDA per share Adjusted EBITDA and adjusted EBITDA per share are non-GAAP financial measures, which excludes the following from net income and net income per share: income tax expense; interest and finance expenses; depletion on royalties and depreciation-like charges; amortization; impairment charges, write-downs, and reversals, including expected credit losses; gain/loss on sale or disposition of assets; and revaluation of streams and other interests. Management believes that adjusted EBITDA and adjusted EBITDA per share are valuable indicators of our ability to generate liquidity by producing operating cash flow to fund working capital needs, service debt obligations and fund acquisitions. Management uses adjusted EBITDA for this purpose. Adjusted EBITDA and adjusted EBITDA per share are also frequently used by investors and analysts for valuation purposes, whereby adjusted EBITDA is multiplied by a factor or ‘‘multiple'' that is based on an observed or inferred relationship between adjusted EBITDA and market values to determine the approximate total enterprise value of a company. In addition to excluding income tax expense, interest and finance costs, depletion on royalties and depreciation-like charges, and amortization, adjusted EBITDA and adjusted EBITDA per share also remove the effect of impairment charges, write-downs, and reversals, including expected credit losses, gain/loss on sale or disposition of assets, and revaluation of streams and other interests. We believe this additional information will assist analysts, investors and our shareholders to better understand our ability to generate liquidity from operating cash flow, by excluding these amounts from the calculation as they are not indicative of the performance of our core business and not necessarily reflective of the underlying operating results for the periods presented. Adjusted EBITDA and adjusted EBITDA per share are intended to provide additional information to investors and analysts and do not have any standardized definition under IFRS Accounting Standards and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS Accounting Standards. Adjusted EBITDA and adjusted EBITDA per share are not necessarily indicative of operating profit or operating cash flow as determined under IFRS Accounting Standards. Other companies may calculate adjusted EBITDA and adjusted EBITDA per share differently. The following table reconciles adjusted EBITDA and adjusted EBITDA per share to net income and net income per share, the most directly comparable IFRS Accounting Standards measure. SOURCE: Vox Royalty Corp. View the original press release on ACCESS Newswire

DENVER, COLORADO / ACCESS Newswire / March 5, 2026 / Vox Royalty Corp. (NASDAQ:VOXR)(TSX:VOXR) ("Vox" or the "Company"), a returns-focused mining royalty and streaming company,is pleased to provide its 2026 annual guidance for royalty and net precious metal receipts1 and an increase to its upcoming quarterly dividend. Kyle Floyd, Chief Executive Officer, stated: "We are excited to share our 2026 annual guidance which reflects significant growth expected of 70% to 90% in annualized royalty and net precious metal receipts1. We are also proud to reaffirm our commitment to returning capital to shareholders, highlighted by a 20% increase to our quarterly dividend, marking our fourth consecutive year of dividend growth. In the months ahead, we expect meaningful organic progress across our growing asset portfolio, including the anticipated first revenue from multiple royalties expected throughout 2026." 2026 Guidance In 2026, Vox expects royalty and net precious metal receipts1 to total between $28 million and $32 million, representing potential annual growth of approximately 70% - 90% over 20252. The Company anticipates that a greater proportion of royalty and net precious metal receipts1 for 2026 will be received in the first half of 2026 due to more deliveries being received in the first and second quarters. Key growth assets for the Company for 2026 include, based primarily on public disclosure of third-party operators: The Global Gold Portfolio, with a full year of gold metal deliveries over the producing assets acquired on September 26, 2025. The Kanmantoo copper royalty, which was acquired on May 15, 2025, with relatively consistent quarterly revenue anticipated for 2026 guidance of 12,750t - 14,000t copper production. The Binduli North gold mine in Western Australia, where, in July 2025, Norton secured regulatory approval for a major expansion at the Binduli North gold project, boosting crushing and grinding capacity by 40% from 5Mtpa to 7Mtpa and setting a life-of-mine plan up to 8Mtpa over approximately 9 years. Potential first revenue from the Mt Ida royalty, Horseshoe Lights royalty, Castle Hill milestone payment and Federation royalties. Management's 2026 outlook on royalty and net precious metal receipts1 is based primarily on publicly available information of the owners or operators of projects on which the Company has a royalty, stream or other interest and which management believes to be reliable. When publicly available forecasts on properties are not available, management seeks to obtain internal forecasts from the owners or operators, if available, or generates internal best estimates based on the information available. Quarterly Dividend The Company is also pleased to announce that its Board of Directors has increased its quarterly dividend and declared a quarterly dividend of $0.015 per common share, a 20% increase over the previous quarter, to be paid on April 14, 2026, to shareholders of record as of the close of business on March 31, 2026. This marks the fourth consecutive annual dividend increase for Vox shareholders. For shareholders residing in Canada, the dividend will be paid in Canadian dollars based on the daily exchange rate published by the Bank of Canada on March 31, 2026. The dividend qualifies as an "eligible dividend" as defined in the Income Tax Act (Canada). The dividend is subject to customary Canadian withholding tax for shareholders that are not resident in Canada. About Vox Vox Royalty Corp. (NASDAQ:VOXR)(TSX:VOXR) is a returns-focused mining royalty and streaming company built on disciplined capital allocation and risk-adjusted value creation. The Company holds a diversified portfolio of over 70 royalties and streams, including 12 producing and 25 development stage assets, with primary exposure to gold and select base and industrial metals across top tier mining jurisdictions. Founded in 2014, Vox combines a technically driven team, early catalyst identification, and a proprietary royalty database to generate convex, long-term returns and deliver superior investment outcomes for shareholders. Further information on Vox can be found at www.voxroyalty.com. For further information contact: Cautionary Statements to U.S. Securityholders The financial information included or incorporated by reference in this press release or the documents referenced herein has been prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board, which differs from US generally accepted accounting principles ("US GAAP") in certain material respects, and thus are not directly comparable to financial statements prepared in accordance with US GAAP. Cautionary Note Regarding Forward-Looking Statements and Forward-Looking Information This press release contains "forward-looking statements", within the meaning of the U.S. Securities Act of 1933, as amended, the U.S. Securities Exchange Act of 1934, as amended, the Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation. 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 such 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, statements regarding the payment of a quarterly dividend in April 2026 and on any future date thereafter, development expectations at key growth assets during 2026, expectations to realize royalty and net precious metal receipts1 from producing and development stage assets in the near-term, and royalty and net precious metal receipts1 expectations for fiscal year 2026. Achievement of the 2026 royalty and net precious metal receipts1 guidance stated in this press release is subject to numerous risks and uncertainties, including but not limited to changes in commodity prices and the ability of operators to attain the results set out in their forecasts. Accordingly, Vox cannot provide assurance that the realized royalty and net precious metal receipts1 for 2026 will be in the range set forth above. In addition, management may or may not revise its guidance during the year to reflect more current information. If Vox is unable to achieve anticipated guidance, or if management revises its guidance, the Company's future results of operations may be adversely affected, and the Company's share price may decline. Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by Vox as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. The material factors and assumptions used in the preparation of the forward-looking statements contained herein, which may prove to be incorrect, include, but are not limited to, the assumptions set forth herein and in Vox's annual information form for the financial year ended December 31, 2024 filed with Canadian securities regulators as well as: the accuracy of public statements and disclosures made by the owners or operators of such underlying properties; no material adverse change in the market price of the commodities that underlie the asset portfolio; no material changes to existing tax treatment; the expected application of tax laws and regulations by taxation authorities; the expected assessment and outcome of any audit by any taxation authority; no adverse development in respect of any significant property in which Vox holds a royalty, stream or other interest; the accuracy of publicly disclosed expectations for the development of underlying properties that are not yet in production; integration of acquired assets; and the absence of any other factors that could cause actions, events or results to differ from those anticipated, estimated or intended. 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, including but not limited to: the impact of general business and economic conditions, including international trade and tariffs; the absence of control over mining operations from which Vox will purchase precious metals or from which it will receive royalty, stream or other payments, and risks related to those mining operations, including risks related to international operations, government and environmental regulation, delays in mine construction and operations, actual results of mining and current exploration activities, conclusions of economic evaluations and changes in project parameters as plans are refined; problems related to the ability to market precious metals or other metals; industry conditions, including commodity price fluctuations, interest and exchange rate fluctuations; interpretation by government entities of tax laws or the implementation of new tax laws; the volatility of the stock market; competition; risks related to Vox's dividend policy; epidemics, pandemics or other public health crises, geopolitical events and other uncertainties, such as the changes to United States tariff and import/export regulations, as well as those factors discussed in the section entitled "Risk Factors" in Vox's annual information form for the financial year ended December 31, 2024 available at www.sedarplus.ca and the SEC's website at www.sec.gov (as part of Vox's Form 40-F). Should one or more of these risks, uncertainties or other factors materialize, 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 foregoing list of material factors is not exhaustive. When relying on Vox'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 statements 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 update this information at any particular time except as required in accordance with applicable laws. None of the TSX, its Regulation Services Provider (as that term is defined in policies of the TSX) or The Nasdaq Stock Market LLC accepts responsibility for the adequacy or accuracy of this press release. Technical and Third-Party Information Except where otherwise stated, the disclosure in this press release is based on information publicly disclosed by project operators 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 larger 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. Note Regarding Certain Measures of Performance Non-GAAP Financial Measures The Company has included certain financial performance measures, including "royalty and net precious metal receipts", which do not have any standardized meaning under IFRS Accounting Standards as issued by the International Accounting Standards Board ("IFRS Accounting Standards"). These measures may not be comparable to similar measures presented by other companies, who may calculate the measures differently. The non-GAAP measures defined below are intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS Accounting Standards. Royalty and net precious metal receipts is a non-GAAP financial measure, which is defined as including net precious metal income related to Vox's offtake agreements, representing the proceeds the Company receives from the sale of refined gold to a third party less the purchase price paid to the mining operator for the refined gold and sales commissions, plus royalty revenue recognized during the period. Management uses royalty and net precious metal receipts to evaluate the underlying operating performance of the Company for the reporting periods presented, to assist with the planning and forecasting of future operating results, and to supplement information in its financial statements. Management believes that in addition to measures prepared in accordance with IFRS Accounting Standards such as revenue, investors may use royalty and net precious metal receipts to evaluate the results of the underlying business. Management believes that royalty and net precious metal receipts is a useful measure of the Company performance because it adjusts for items which management believes reflect the Company's core operating results from period to period. Royalty and net precious metal receipts is intended to provide additional information to investors and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS Accounting Standards. It does not have any standardized meaning under IFRS Accounting Standards and may not be comparable to similar measures presented by other issuers. 1Royalty and net precious metal receipts is a non-GAAP financial measure that is not a standardized financial measure under IFRS Accounting Standards. For a description of the composition and usefulness of this non-GAAP financial measure and a reconciliation to revenue see "Note Regarding Certain Measures of Performance" below. 2Refer to the Company's announcement on February 3, 2026. The Company announced unaudited preliminary 2025 royalty and net precious metal receipts1 of $16.6 million, comprising $12 million from royalty revenue and $4.6 million in net precious metal income. SOURCE: Vox Royalty Corp. View the original press release on ACCESS Newswire

All amounts in U.S. dollars unless otherwise indicated DENVER, CO / ACCESS Newswire / February 3, 2026 / Vox Royalty Corp. (NASDAQ:VOXR)(TSX:VOXR) ("Vox" or the "Company"), a returns focused mining royalty and streaming company, is excited to announce that it has delivered record preliminary full year 2025 royalty and net precious metal receipts1 of $16.6 million, exceeding annual guidance of $13 - $15 million and marks a 50% increase over fiscal year 2024. The Company is also pleased to report that in January 2026, it paid down the full outstanding balance of $6.7 million under its BMO credit facility, which is now fully undrawn with capacity up to $75 million including the accordion feature. Kyle Floyd, Chief Executive Officer stated: "We are excited to share these record figures, exceeding guidance and rapid debt repayment with investors, capping off a highly productive 2025 which included record transactional activity, record capital deployed and strong fundamental organic growth in our asset portfolio. We understand that 2026 is a year that brings higher investor expectations that are built upon the success and momentum of 2025. Our management team is energized by this challenge - unearthing mispriced value in royalties and streams to increase per share returns remains our key motivator. I look forward to expanding on these themes in our upcoming Shareholder Letter, which we expect to release next week." Record preliminary 2025 royalty and net precious metal receipts1 of $16.6 million (+50% vs. 2024) is comprised of: $12 million from royalty revenue (2024: $11 million). $4.6 million in net precious metal income (2024: $nil) from the gold portfolio that was acquired on September 26, 2025. The Company realized average net precious metal income of $91.06/oz2 for the period. This compares to the previous owners realizing an annual average of between $24.00/oz and $49.20/oz in fiscal 2023 through June 2025. Net precious metal income comprises gross sales of refined gold of $168.3 million less payments to operators for the refined gold of $163.7 million. Commodity mix breakdown: Gold and silver: 55% Other (predominantly copper and iron ore): 45% Record preliminary Q4 2025 royalty and net precious metal receipts1 of $7.4 million (+150% vs. Q4 2024) is comprised of: $3 million from royalty revenue (Q4 2024: $2.9 million). $4.4 million in net precious metal income (Q4 2024: $nil). The company realized average net precious metal income of $93.71/oz2 in the fourth quarter of 2025. Net precious metal income comprises gross sales of refined gold of $168.1 million less payments to operators for the refined gold of $163.7 million. Commodity mix breakdown: Gold and silver: 75% Other (predominantly copper & iron ore): 25% 2026 Guidance Timing and Corporate Update The Company expects to release its 2026 annual guidance on its expected royalty and net precious metal income for fiscal year 2026 on March 5, 2026. In Q4 2025, Vox incurred an impairment charge of $764,016 on its Brits vanadium royalty asset located in South Africa, which was acquired in 2020. This impairment is as a result of the prior operator Bushveld Minerals (subject to Business Rescue Plan) electing not to progress the Brits project and a subsequent operator (Sable Exploration and Mining Limited) relinquishing their prospecting right application in Q4 2025 following significant delays with the Department of Mineral Resources and Energy in South Africa. About Vox Vox is a returns focused mining royalty and streaming company with a portfolio of over 70 assets spanning nine 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 target the highest returns on royalty acquisitions in the mining royalty sector. Since the beginning of 2020, Vox has announced over 30 separate transactions to acquire over 70 assets. Further information on Vox can be found at www.voxroyalty.com. For further information contact: Cautionary Note Regarding Preliminary Financial Information This press release contains preliminary financial information for the three months and year ended December 31, 2025 (the "Preliminary Information"), and the Preliminary Information included herein is based only upon the information available to the Company as of the date of this press release. The Preliminary Information contained herein is not a comprehensive summary of our financial results for the applicable periods. We caution you that the Preliminary Information presented herein has not yet been approved by our board of directors and our external auditors have not yet completed the year-end audit or reviewed or audited the Preliminary Information included in this press release. Although we do not foresee any material changes to the information presented above, the Company's actual results may differ from the Preliminary Information contained herein, due to certain factors, including but not limited to non-receipt of accounts receivable, and we can provide no assurance that there will be no adjustments that may change this information when our 2025 annual financial statements are made available. In addition, our presentation of preliminary Q4 and year-end royalty and net precious metal receipts1 does not include a presentation of expenses or net income (loss), which remain subject to completion of our year-end audit procedures. Cautionary Statements to U.S. Securityholders This press release contains "forward-looking statements", within the meaning of the U.S. Securities Act of 1933, as amended, the U.S. Securities Exchange Act of 1934, as amended, the Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation, and are referred to herein as "forward-looking statements". Any statements, other than statements of historical fact, that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance, or activities or developments that could, or may or will occur are "forward-looking statements". When used in this press release, the words or phrases such as "expect", "anticipate", "plan", "estimate", "intend", "achieve", "aim", "commit", "forecast", "future", "guide", "potential", "schedule", "target", "track", or stating that certain actions, events or results " may", "could", "would", "might" or "will" be taken, occur or be achieved, and similar expressions, 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 in this press release include, but are not limited to, statements relating to Vox's estimated and final royalty and net precious metal receipts1 for the fourth quarter and full year ended December 31, 2025; expectations regarding investor expectations, market conditions and performance in 2026; Vox's business strategy, objectives and plans, including its ability to identify mispriced royalty, streaming and other assets and to increase per‑share returns; anticipated future communications with shareholders, including the content of Vox's upcoming 2025 shareholder letter; and expectations regarding the availability of funding under Vox's credit facility. Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by Vox as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. The material factors and assumptions used in the preparation of the forward-looking statements contained herein, which may prove to be incorrect, include, but are not limited to, the assumptions set forth herein and in Vox's annual information form for the financial year ended December 31, 2024 filed with Canadian securities regulators as well as: that the Company's final results for royalty and net precious metal receipts1 for the financial year ended December 31, 2025 will not differ materially from the preliminary results presented herein; the ongoing operation of the properties in which Vox holds a royalty, stream or other interest by the owners or operators of such properties in a manner consistent with past practice; the accuracy of public statements and disclosures made by the owners or operators of such underlying properties; no material adverse change in the market price of the commodities that underlie the asset portfolio; no material changes to existing tax treatment; the expected application of tax laws and regulations by taxation authorities; the expected assessment and outcome of any audit by any taxation authority; no adverse development in respect of any significant property in which Vox holds a royalty, stream or other interest; the accuracy of publicly disclosed expectations for the development of underlying properties that are not yet in production; integration of acquired assets; and the absence of any other factors that could cause actions, events or results to differ from those anticipated, estimated or intended. 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, including but not limited to: the impact of general business and economic conditions, including international trade and tariffs; the absence of control over mining operations from which Vox will purchase precious metals or from which it will receive royalty, stream or other payments, and risks related to those mining operations, including risks related to international operations, government and environmental regulation, delays in mine construction and operations, actual results of mining and current exploration activities, conclusions of economic evaluations and changes in project parameters as plans are refined; problems related to the ability to market precious metals or other metals; industry conditions, including commodity price fluctuations, interest and exchange rate fluctuations; interpretation by government entities of tax laws or the implementation of new tax laws; the volatility of the stock market; competition; risks related to Vox's dividend policy; epidemics, pandemics or other public health crises, geopolitical events and other uncertainties, such as the changes to United States tariff and import/export regulations, as well as those factors discussed in the section entitled "Risk Factors" in Vox's annual information form for the financial year ended December 31, 2024 available at www.sedarplus.ca and the SEC's website at www.sec.gov (as part of Vox's Form 40-F). Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Vox cautions that the foregoing 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 statements 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 statements 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 reliance on forward looking statements and should not rely upon this information as of any other date. The forward-looking statements herein are made as of the date hereof only and while Vox may elect to, it does not assume any obligation to update or revise this information at any particular time except as required in accordance with applicable laws. None of the TSX, its Regulation Services Provider (as that term is defined in policies of the TSX) or The Nasdaq Stock Market LLC accepts responsibility for the adequacy or accuracy of this press release. Note Regarding Certain Measures of Performance Non-GAAP Financial Measures The Company has included certain financial performance measures, including "royalty and net precious metal receipts" and "average net precious metal income per ounce", which do not have any standardized meaning under IFRS. These measures may not be comparable to similar measures presented by other companies, who may calculate the measures differently. See below for a reconciliation of these measures to the most directly comparable financial information reported in the annual consolidated financial statements prepared in accordance with IFRS. The non-GAAP measures defined below are intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Royalty and net precious metal receipts is a non-GAAP financial measure, which is defined as including net precious metal income related to Vox's offtake agreements, representing the proceeds the Company receives from the sale of refined gold to a third party less the purchase price paid to the mining operator for the refined gold and sales commissions, plus royalty revenue recognized during the period. Management uses royalty and net precious metal receipts to evaluate the underlying operating performance of the Company for the reporting periods presented, to assist with the planning and forecasting of future operating results, and to supplement information in its financial statements. Management believes that in addition to measures prepared in accordance with IFRS Accounting Standards such as revenue, investors may use royalty and net precious metal receipts to evaluate the results of the underlying business. Management believes that royalty and net precious metal receipts is a useful measure of the Company performance because it adjusts for items which management believes reflect the Company's core operating results from period to period. Royalty and net precious metal receipts is intended to provide additional information to investors and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS Accounting Standards. It does not have any standardized meaning under IFRS Accounting Standards and may not be comparable to similar measures presented by other issuers. Average net precious metal income per ounce is a non-GAAP financial measure, which is defined as net precious metal income related to Vox's offtake agreements, representing the proceeds the Company receives from the sale of refined gold to a third party less the purchase price paid to the mining operator for the refined gold and sales commissions, divided by the number of gold ounces sold during the period. Management uses average net precious metal income per ounce to evaluate the underlying operating performance of the Company for the reporting periods presented, to assist with the planning and forecasting of future operating results, and to supplement information in its financial statements. Management believes that in addition to measures prepared in accordance with IFRS Accounting Standards such as revenue, investors may use average net precious metal income per ounce to evaluate the results of the underlying business. Management believes that average net precious metal income per ounce is a useful measure of the Company performance because it adjusts for items which management believes reflect the Company's core operating results from period to period. Average net precious metal income per ounce is intended to provide additional information to investors and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS Accounting Standards. It does not have any standardized meaning under IFRS Accounting Standards and may not be comparable to similar measures presented by other issuers. 1 Royalty and net precious metal receipts is a non-GAAP measure that is not a standardized financial measure under IFRS. For a description of the composition and usefulness of this non-GAAP measure and a reconciliation to revenue see "Note Regarding Certain Measures of Performance" below. 2 Average net precious metal income per ounce is a non-GAAP measure that is not a standardized financial measure under IFRS. For a description of the composition and usefulness of this non-GAAP measure and a reconciliation to revenue see "Note Regarding Certain Measures of Performance" below. SOURCE: Vox Royalty Corp. View the original press release on ACCESS Newswire

DENVER, COLORADO / ACCESS Newswire / November 12, 2025 / Vox Royalty Corp. (TSX:VOXR)(NASDAQ:VOXR)("Vox" or the "Company"), a returns focused mining royalty and streaming company, is pleased to announce its operating and financial results for the third quarter ended September 30, 2025. All amounts in U.S. dollars unless otherwise indicated. Kyle Floyd, Chief Executive Officer, stated: "Vox delivered a remarkable quarter which included record quarterly revenue, multiple transactions to acquire 11 assets and the successful completion of a financing and upsized credit facility to fund the highly accretive Global Gold Portfolio acquisition. During the quarter, we noted significant organic developments in our royalty portfolio that are expected to contribute to future revenues, including development decisions at Sulphur Springs and Horseshoe Lights, and gold development studies at the Ashburton, Bulgera and Estrades projects. The organic growth alongside the Global Gold Portfolio acquisition is expected to deliver much higher operating margins and per share returns. As we progress into Q4 and beyond, we look forward to demonstrating the successful realization of Vox's burgeoning operating leverage." Third Quarter 2025 Highlights Revenues: Record quarterly Q3 2025 revenue of $3,815,640, up ~57% from $2,428,809 in the three months ended September 30, 2024. Record year-to-date revenue receipts of $9,365,530, up ~15% from $8,150,438 in the nine months ended September 30, 2024. General and administration expenses: Q3 2025 general and admin expenses of $1,052,784, down ~14% from $1,219,268 in the three months ended September 30, 2024. Year-to-date general and admin expenses of $3,298,447, down ~4% from $3,448,473 in the nine months ended September 30, 2024. Strong balance sheet position at quarter end, including: Cash and accounts receivable of $16,437,035, up ~36% from $12,126,765 at September 30, 2024; and Working capital of $11,703,974, up ~37% from $8,517,006 at September 30, 2024. The Company has been added to the Russell 2000® and Russell 3000® indexes. On September 23, 2025, the Company amended the credit agreement with BMO providing for an upsized $40 million secured revolving facility, including an accordion feature for an additional $35 million of availability subject to certain conditions, resulting in total funding capacity under the BMO Facility of $75 million. On September 26, 2025, the Company closed a public offering through a syndicate of underwriters, issuing 17,094,750 common shares at a price of $3.70 per share for total gross proceeds of approximately $63.25 million. The net proceeds of the equity financing were used to acquire the Global Gold Portfolio. Asset acquisitions: On September 3, 2025, the Company completed the countercyclical acquisition of the Wyloo North iron ore royalty in Australia for total cash consideration of A$1.5 million. On September 26, 2025, the Company completed the acquisition of a global gold portfolio of ten gold contracts and royalty assets ("Global Gold Portfolio"), for total upfront cash consideration of $57.5 million and $2.5 million in deferred milestones. Summary of Quarterly Results (1) Interest and finance expenses comprise BMO credit facility finance charges. (2) Other income comprises interest income and foreign exchange differences. For complete details, please refer to the unaudited condensed interim consolidated financial statements and associated Management Discussion and Analysis for the three and nine months ended September 30, 2025, available on SEDAR+ (www.sedarplus.ca), the SEC's website (www.sec.gov) or on Vox's website (www.voxroyalty.com). Quarterly Dividend The Company is also pleased to announce that its Board of Directors has declared a quarterly dividend of $0.0125 per common share, to be paid on January 14, 2026, to shareholders of record as of the close of business on December 31, 2025. For shareholders residing in Canada, the dividend will be paid in Canadian dollars based on the daily exchange rate published by the Bank of Canada on December 31, 2025. The dividend qualifies as an "eligible dividend" as defined in the Income Tax Act (Canada). The dividend is subject to customary Canadian withholding tax for shareholders that are not resident in Canada. About Vox Vox is a returns focused mining royalty and streaming company with a portfolio of over 80 assets 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 target the highest returns on royalty acquisitions in the mining royalty sector. Since the beginning of 2020, Vox has announced over 30 separate transactions to acquire over 70 assets. Further information on Vox can be found at www.voxroyalty.com. For further information contact: Cautionary Statements to U.S. Securityholders The financial information included or incorporated by reference in this press release or the documents referenced herein has been prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board, which differs from US generally accepted accounting principles ("US GAAP") in certain material respects, and thus are not directly comparable to financial statements prepared in accordance with US GAAP. Cautionary Note Regarding Forward-Looking Statements and Forward-Looking Information This press release contains "forward-looking statements", within the meaning of the U.S. Securities Act of 1933, as amended, the U.S. Securities Exchange Act of 1934, as amended, the Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation. 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 such 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, statements regarding the payment of a quarterly dividend in January 2026 and on any future date thereafter, development expectations at key growth assets, commodity price expectations, portfolio revenue mix expectations by commodity, expectations to realize revenue from producing and development stage royalty assets in the near-term, the execution of its growth strategy based on its cash and receivables. 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, including but not limited to: the impact of general business and economic conditions; the absence of control over mining operations from which Vox will purchase precious metals or from which it will receive royalty payments, and risks related to those mining operations, including risks related to international operations, government and environmental regulation, delays in mine construction and operations, actual results of mining and current exploration activities, conclusions of economic evaluations and changes in project parameters as plans are refined; problems related to the ability to market precious metals or other metals; industry conditions, including commodity price fluctuations, interest and exchange rate fluctuations; interpretation by government entities of tax laws or the implementation of new tax laws; the volatility of the stock market; competition; risks related to Vox's dividend policy; epidemics, pandemics or other public health crises, geopolitical events and other uncertainties, such as the conflicts in Ukraine and Israel, as well as those factors discussed in the section entitled "Risk Factors" in Vox's annual information form for the financial year ended December 31, 2024, available at www.sedarplus.ca and the SEC's website at www.sec.gov (as part of Vox's Form 40-F). Should one or more of these risks, uncertainties or other factors materialize, 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 foregoing list of material factors is not exhaustive. When relying on Vox'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 statements 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 update this information at any particular time except as required in accordance with applicable laws. None of the TSX, its Regulation Services Provider (as that term is defined in policies of the TSX) or The Nasdaq Stock Market LLC accepts responsibility for the adequacy or accuracy of this press release. Technical and Third-Party Information Except where otherwise stated, the disclosure in this press release is based on information publicly disclosed by project operators 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 larger 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. SOURCE: Vox Royalty Corp. View the original press release on ACCESS Newswire