Vox Royalty Expands Revolving Credit Facility Up to $150 Million and Strengthens Leadership Team

The previous facility provided $40 million plus a $35 million accordion; the expanded agreement increases potential borrowing capacity.

Rhea-AI Summary

Vox Royalty (VOXR) signed an amended credit agreement expanding its revolving credit facility to $100 million and announced two management appointments. A conditional $50 million accordion, an option to expand borrowing capacity, brings potential funding to $150 million. Bank of Montreal and National Bank of Canada are the lenders; the facility remains undrawn.

Borrowings carry the Secured Overnight Financing Rate plus 2.25% to 3.25%, depending on leverage. Undrawn amounts carry an annual standby fee of 0.506% to 0.731%, also based on leverage. The facility matures on October 1, 2029, with annual one-year extensions requiring lender consent. It permits draws and repayments and supports general corporate purposes, acquisitions and investments.

Chris Selby joins as General Counsel and Cameron Quinn as Vice President, Geology, bringing management headcount to seven full-time executives.

3 points · 0 major

MixediHow this balance works

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Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

0 major · 4 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate point$100 million facility increases committed borrowing capacity from the previous $40 million. 29% of market cap
• Minor point. Forward-looking: it has not happened yet and may not happen.$50 million accordion raises potential additional capacity from the previous $35 million.
• Minor pointFlexible draws and repayments allow Vox to borrow and repay under the revolving facility.

Negative

• Minor point$50 million accordion availability remains subject to certain conditions.
• Minor point. Forward-looking: it has not happened yet and may not happen.Borrowing interest is the Secured Overnight Financing Rate plus 2.25% to 3.25%, depending on leverage.
• Minor point. Forward-looking: it has not happened yet and may not happen.Standby fees of 0.506% to 0.731% annually apply to undrawn amounts, based on leverage.
• Minor point. Forward-looking: it has not happened yet and may not happen.October 1, 2029 maturity applies unless lenders consent to annual one-year extensions.

News Explained

Vox reports that the upsized facility reached closing, with the $100 million revolving line in place and the additional $50 million subject to conditions; related guarantee and security agreements were executed.

Key Figures

Facility size: $100 million Accordion availability: $50 million Total potential facility capacity: $150 million +5 more

Facility size

$100 million

Upsized revolving credit facility, excluding accordion

Accordion availability

$50 million

Additional availability subject to conditions

Total potential facility capacity

$150 million

Including the accordion feature

Previous facility

$40 million

Prior secured revolving credit facility

Previous accordion

$35 million

Additional availability under the prior facility

Interest rate

Secured Overnight Financing Rate plus 2.25% to 3.25%

Rate depends on the Company's leverage ratio

Undrawn standby fee

0.506% to 0.731% per annum

Applied to the undrawn amount based on leverage ratio

Facility maturity

October 1, 2029

Annual one-year extension options require lender consent

Historical Context

1 past event · Latest: Aug 12

1 event

1. Aug 12

   Q2 earnings

   24h Move

   +3.7%

   Reported record cash and a fully undrawn $40 million credit facility before the facility expansion.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

revolving credit facility, accordion feature, secured overnight financing rate, standby fee, +1 more

5 terms

revolving credit facility financial

"as part of the Company's existing Revolving Credit Facility"

A revolving credit facility is a type of loan that a business can borrow from whenever it needs money, up to a set limit. It’s like having a credit card for companies—allowing them to borrow, pay back, and borrow again as needed, providing flexibility for managing cash flow or funding short-term expenses.

accordion feature financial

"with a $50 million accordion feature"

An accordion feature is a clause in a loan or financing agreement that allows a company to expand the size of a credit line or the amount of securities available under the same contract without drafting a completely new deal. Like a suitcase that can be extended to hold more items, it gives a company quick flexibility to raise extra money, which can help fund growth but may increase debt or dilute existing shareholders—so investors watch it for changes in risk and ownership.

secured overnight financing rate financial

"Interest rate of Secured Overnight Financing Rate plus 2.25% to 3.25%"

A secured overnight financing rate (SOFR) is a daily benchmark interest rate that reflects the cost of borrowing cash overnight using U.S. Treasury securities as collateral. Think of it as the market price to “rent” cash for a day with a very safe pledge, similar to paying a short-term rental fee for money backed by government bonds. Investors track SOFR because it underpins pricing for loans, bonds and derivatives, so movements change borrowing costs, interest income and the valuation of interest-rate–linked positions.

standby fee financial

"the undrawn portion subject to a standby fee"

A fee paid to a lender or underwriter in return for a committed availability of financing or purchase support that may be drawn on if needed. In securities deals (for example a rights or standby offering) a standby fee compensates an underwriter for agreeing to buy any shares not taken by investors; in lending it is a commitment or unused-availability fee charged on the undrawn portion of a credit line. The fee is typically calculated as a percentage of the committed amount or the unused portion and is paid whether or not the commitment is actually used.

leverage ratio financial

"contingent upon the Company's leverage ratio"

Leverage ratio measures how much a company relies on borrowed money compared with its own funds or assets, typically expressed as debt relative to equity or total assets. Like a homeowner with a mortgage, higher leverage can amplify returns when business is strong but also raises the chance of big losses or default if revenue falls, so investors use it to judge financial risk and resilience.

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DENVER, CO / ACCESS Newswire / October 1, 2026 / Vox Royalty Corp. (NASDAQ:VOXR)(TSX:VOXR) ("Vox" or the "Company"), a returns-focused mining royalty and streaming company, is pleased to announce the signing of an amended and restated credit agreement as part of the Company's existing Revolving Credit Facility (the "Facility"), which has now been upsized to $100 million with a $50 million accordion feature (the "Accordion"), along with multiple management appointments, further strengthening its senior leadership team.

Kyle Floyd, Chief Executive Officer, stated: "Upsizing our credit facility up to $150 million, doubles our potential liquidity and gives Vox the balance sheet to pursue larger royalty and streaming opportunities with speed and certainty. We appreciate the continued support of BMO and welcome National Bank as our new credit partner, whose expanded commitment reflects the strength and growing cash flow of our portfolio.

The appointments of Chris Selby and Cameron Quinn add deep legal and geological capability to our team. Mr. Selby brings over a decade of litigation experience and extensive success across numerous royalty matters and disputes. Mr. Quinn brings two decades of global exploration and technical due diligence which will strengthen our highly active business development and technical team. We remain committed to running a lean, returns-focused business, and these additions position us well for our next phase of value delivery."

Facility Highlights:

On October 1, 2026, the Company entered into an amended and restated credit agreement with BMO Capital Markets ("BMO") and National Bank Capital Markets, acting as Co-Lead Arrangers of the transaction, with BMO also acting as Sole Bookrunner. Bank of Montreal acted as Administrative Agent, with Bank of Montreal and National Bank of Canada, as Lenders ("Lenders").

The Facility has been upsized to $100 million with an Accordion feature for an additional $50 million of availability subject to certain conditions, resulting in total potential funding capacity under the Facility of $150 million. The Company executed an amended and restated credit agreement and supporting guarantee and security agreements in connection with closing the upsized Facility. The previous credit facility was a $40 million secured revolving credit facility that included an accordion feature for an additional $35 million. The Facility currently remains undrawn.

The key terms of the upsized Facility are:

• Interest rate of Secured Overnight Financing Rate plus 2.25% to 3.25% (as defined in the Facility), contingent upon the Company's leverage ratio;
• Facility has flexibility to be drawn and repaid, with the undrawn portion subject to a standby fee, based upon Vox's leverage ratio, of 0.506% to 0.731% per annum on the undrawn amount;
• The Facility will be available for general corporate purposes, acquisitions and investments; and
• Matures on October 1, 2029, with annual one-year extension options, subject to the consent of the Lenders.

Senior Leadership Appointments

Vox is pleased to announce recent management appointments of a General Counsel based in Toronto and a Vice President Geology based in Perth. These hires bring Vox's management headcount to a full time staff of 7 executives. Over the past four years Vox has maintained a lean and efficient headcount of between 5 to 7 full time senior executives.

Chris Selby joins Vox as General Counsel. In his role, Mr. Selby will oversee the Company's legal, compliance, regulatory, and litigation and disputes functions. Mr. Selby joins Vox from Cassels Brock & Blackwell LLP in Toronto, where he was a Partner in the Litigation & Dispute Resolution Group and Deputy Chair of the firm's national litigation practice. Over more than a decade at Cassels, Mr. Selby acted as lead counsel in complex commercial disputes, with a particular focus on the mining sector, including royalty and joint venture disputes. His practice also covered shareholder and securities litigation, contested transactions and competition matters. He regularly advised boards and senior management on dispute strategy and legal risk, and led internal investigations into disclosure, governance and compliance issues. Mr. Selby holds a J.D. (Distinction) from Western University and an Honours Business Administration (Distinction) from the Ivey Business School. He was called to the Ontario bar in 2014.

Cameron Quinn joins Vox as Vice President, Geology. Mr. Quinn has over 20 years of minerals exploration experience across technical evaluation, project generation, due diligence and business development. Prior to joining Vox, Mr. Quinn held senior exploration roles with Evolution Mining, most recently as Acting Group Manager Exploration - North America, where he was involved in the evaluation and due diligence of advanced exploration and operating gold and copper opportunities. Before Evolution, Mr. Quinn spent 12 years with Fortescue in technical and leadership roles across global project generation, exploration and business development. His experience includes project evaluation, technical due diligence, joint ventures and the development and oversight of exploration programs across Australia and a range of international jurisdictions. Earlier in his career, Mr. Quinn worked with the Geological Survey of New South Wales and the Predictive Mineral Discovery CRC. Cameron holds a PhD in Geology and a First Class Honours BSc in Geology from the University of Melbourne.

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 11 producing and 28 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 further information contact:

Kyle Floyd Chief Executive Officer ir@voxroyalty.com (720) 602-4223

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, the U.S. Securities Exchange Act of 1934, the Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation, concerning the business, operations and financial performance and condition of Vox

Royalty Corp. 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, a potential drawdown on and use of proceeds from the Facility, as well as the potential for the Facility to unlock new acquisition opportunities.

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 or stream 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, 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 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.

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 release.

SOURCE: Vox Royalty Corp.

View the original press release on ACCESS Newswire

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much borrowing capacity does Vox Royalty's expanded credit facility provide?

Vox Royalty's facility provides $100 million, with a conditional $50 million accordion bringing total potential funding capacity to $150 million. The facility remains undrawn. Bank of Montreal and National Bank of Canada are the lenders.

What are the interest rate and fees on Vox Royalty's expanded credit facility?

Borrowings carry the Secured Overnight Financing Rate plus 2.25% to 3.25%, while undrawn amounts carry an annual standby fee of 0.506% to 0.731%. Both ranges depend on Vox's leverage ratio.