Impact: Mildly Positive
Vox Royalty announced that it has entered into an agreement to acquire a construction-stage, near-to-production royalty on Thor Exploration Ltd.’s (TSXV:THX, Not Covered) Segilola gold project in Nigeria for C$900,000. The Segilola royalty is expected to generate cash flow for Vox in 2021. The Segilola royalty marks the fifth royalty acquisition the company has made since going public in May. We are encouraged by Vox’s pace and disciplined growth strategy. The ongoing acquisition of overlooked royalties at bargain prices highlight what makes Vox a unique new entrant in the royalty space.
