Impact: Positive
Three days after becoming a public company, Vox Royalty announced that it has entered into an agreement to acquire a royalty on select tenements within RNC Minerals’ (TSX:RNX, BUY, C$1.30 target, Derek Macpherson) Higginsville Gold Operations (HGO) in Western Australia for A$650,000. We are encouraged by Vox’s aggressive but disciplined growth strategy. This acquisition highlights what makes Vox a unique new entrant in the royalty space.