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Vox Royalty Sells I-80 Gold Offtake Stream

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Vox Royalty (NASDAQ:VOXR) agreed to sell its capped gold offtake stream on i-80 Gold assets for $4.8 million, payable entirely in freely tradeable i-80 Gold common shares.

The stream had a carrying value of about $2.6 million and generated $270,000 net margin in Q1 2026. Closing is expected before June 30, 2026.

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Positive

  • Sale price $4.8M versus approximately $2.6M carrying value
  • Transaction paid entirely in freely tradeable i-80 Gold shares
  • Asset monetized after roughly nine-month holding period
  • Divestment simplifies royalty and streaming portfolio
  • Capital freed for longer-duration, uncapped royalty assets

Negative

  • Sale removes future net margin from the i-80 Stream
  • Divestment of gold offtake on multiple Nevada assets before December 2028 cap

News Market Reaction – VOXR

+2.50%
+2.50% Session close to close

In the Jun 26 session, VOXR gained 2.50%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement highlights Vox crystallizing value on a capped offtake for $4.8M, above its report...
Analysis

This announcement highlights Vox crystallizing value on a capped offtake for $4.8M, above its reported $2.6M carrying value. Investors may watch how capital is redeployed and whether further portfolio sales meaningfully change future precious metal margins.

Key Figures

Transaction consideration: $4.8M Annual gold cap: 40,000 ounces per annum Q1 2026 net precious metal margin: $270,000 +5 more
8 metrics
Transaction consideration $4.8M Sale of capped i-80 gold offtake stream to i-80 Gold
Annual gold cap 40,000 ounces per annum Cap on gold offtake from Ruby Hill, Cove and Granite Creek to Dec 2028
Q1 2026 net precious metal margin $270,000 Margin generated by the i-80 Stream in Q1 2026
Q1 2026 deliveries 8,281 oz Gold volume underpinning net precious metal margin for i-80 Stream
Effective margin $32.51/oz Net precious metal margin per ounce on i-80 Stream in Q1 2026
Carrying value $2,600,000 Approximate carrying value of i-80 Stream as of March 31, 2026
Completion target date June 30, 2026 Expected completion date for the i-80 Stream divestment
Gold production coverage 100% of gold production Scope of i-80 Stream over Ruby Hill, Cove and Granite Creek assets

Historical Context

5 past events · Latest: Jun 23 (Positive)
Pattern 5 events
Date Event Sentiment 24h Move Catalyst
Jun 23 Royalty sale Positive -1.6% Sale of capped Federation gold royalty for cash, realizing strong return.
Jun 11 Mine update Positive +7.0% Bonikro mine life extension and higher gold production outlook benefiting Vox stream.
May 27 Shareholder meeting Neutral -1.7% Annual and special meeting results with director elections and auditor approval.
May 13 Earnings & dividend Positive +0.6% Record Q1 2026 results, higher receipts guidance and declared quarterly dividend.
May 06 Earnings date Neutral +9.2% Announcement of Q1 2026 release timing and virtual Investor Day webcast.

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

Pattern Detected

VOXR news has generally aligned with price moves, with only one recent positive royalty sale met by a mild negative reaction.

Key Terms

offtake stream, net precious metal margin, carrying value, qualified person, +1 more
5 terms
offtake stream financial
"its capped gold offtake stream (the "i-80 Stream"), to i-80 Gold Corp."
An offtake stream is a contractual right to receive a fixed portion of a company’s future production or revenue—often for commodities like metals or energy—in exchange for upfront payment or long-term purchase commitments. For investors, it matters because it creates predictable cash flow and lowers a producer’s selling risk much like pre-selling part of a future harvest, but it can also limit upside if prices rise and change the company’s future revenue mix.
net precious metal margin financial
"the i-80 Stream generated $270,000 in net precious metal margin (8,281oz"
The net precious metal margin is the profit a company keeps from selling gold, silver or other precious metals after subtracting the direct costs tied to those metals (like extraction/refining fees, royalties and any physical hedging costs), usually shown per ounce or as a percentage of metal revenue. It matters to investors because it shows how much of each dollar of metal sales actually contributes to profit—like the markup a shop earns on each item—helping compare producers and assess sensitivity to metal prices and cost changes.
carrying value financial
"and is currently held at a carrying value of approximately $2,600,000"
Carrying value is the amount an asset is listed for on a company’s balance sheet after subtracting reductions for wear, age or loss of value from its original purchase cost. Think of it like the price shown in your records for a car after accounting for years of use; it may differ from what you could sell it for today. Investors watch carrying value because it affects reported profits when assets are sold or written down and influences balance-sheet strength and valuation ratios.
qualified person regulatory
"and a "Qualified Person" under NI 43-101, has reviewed and approved"
A qualified person is someone with specialized knowledge, experience, and training in a particular field, allowing them to accurately assess and verify information or work. Their expertise helps ensure that reports, evaluations, or decisions are trustworthy and meet required standards. For investors, a qualified person provides confidence that the information they rely on is credible and properly validated.
ni 43-101 regulatory
"Timothy J. Strong, FIMMM, of Kangari Consulting LLC and a "Qualified Person" under NI 43-101"
A Canadian regulatory standard that sets the rules for how mining and exploration companies must report mineral resources and reserves, requiring technical reports prepared or signed off by an independent, certified expert. It matters to investors because it creates a consistent, transparent “inspection report” for mining projects, making it easier to compare prospects, judge the reliability of claims, and assess geological and financial risk before investing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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All amounts in U.S. dollars unless otherwise indicated

DENVER, CO / ACCESS Newswire / June 26, 2026 / Vox Royalty Corp. (NASDAQ:VOXR)(TSX:VOXR) ("Vox" or the "Company"), a returns-focused mining royalty and streaming company, is pleased to announce that, its subsidiary, Vox Royalty Cayman SEZC ("Vox Cayman"), has agreed to sell its capped gold offtake stream (the "i-80 Stream"), to i-80 Gold Corp. ("i-80 Gold"), for total consideration of $4.8 million (the "Transaction"), to be satisfied through the issuance to Vox of i-80 Gold common shares (the "Consideration Shares"). The Consideration Shares will be freely tradeable and not subject to any resale restrictions or hold period.

Vox acquired the i-80 Stream in September 2025 as part of a global gold portfolio acquisition. The i-80 Stream comprised a gold offtake covering 100% of gold production from Ruby Hill, Cove and Granite Creek assets in Nevada, USA, up to an annual cap of 40,000 ounces per annum until December 2028.

In the first quarter of 2026, the i-80 Stream generated $270,000 in net precious metal margin (8,281oz at an effective margin of $32.51/oz) and is currently held at a carrying value of approximately $2,600,000 as at March 31, 2026.

Completion of the Transaction is expected to occur prior to June 30, 2026.

Spencer Cole, President and Chief Investment Officer of Vox, commented: "This is an opportunistic divestment that monetizes our smallest offtake stream asset at approximately 2x carrying value after a nine-month holding period. Given the capped nature of the stream both in terms of time and largely fixed margin we are pleased to realize on this asset in a mutually beneficial transaction for both i-80 and Vox. Crystallizing this gain simplifies our portfolio and frees up capital to redeploy into longer-duration, uncapped assets."

Qualified Person

Timothy J. Strong, FIMMM, of Kangari Consulting LLC and a "Qualified Person" under NI 43-101, has reviewed and approved the scientific and technical disclosure contained in this press release.

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 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).

Further information on Vox can be found at www.voxroyalty.com.

For further information contact:

Spencer Cole

Kyle Floyd

President & Chief Investment Officer

Chief Executive Officer

spencer@voxroyalty.com

(720) 602-4223

info@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, 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, the receipt of the Consideration Shares and completion of the Transaction and the ability of Vox to realize value from the Consideration Shares and to reinvest proceeds from the sale of such Consideration Shares into other assets in its acquisition pipeline.

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, including the global outbreak of the novel coronavirus, geopolitical events and other uncertainties, such as the conflict in Ukraine, 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.

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 from a property.

SOURCE: Vox Royalty Corp.



View the original press release on ACCESS Newswire

FAQ

What did Vox Royalty (NASDAQ:VOXR) announce about the i-80 Gold offtake stream on June 26, 2026?

Vox Royalty announced an agreement to sell its capped gold offtake stream to i-80 Gold for $4.8 million in common shares. According to Vox, the stream covered production from Ruby Hill, Cove and Granite Creek in Nevada until December 2028.

How much is Vox Royalty receiving for the i-80 Gold offtake stream sale?

Vox Royalty is receiving total consideration of $4.8 million in i-80 Gold common shares. According to Vox, these consideration shares will be freely tradeable with no resale restrictions or hold period, providing immediate liquidity flexibility for the company.

How does the i-80 Gold stream sale price compare to Vox Royalty’s carrying value?

The i-80 Gold stream is being sold for $4.8 million versus a carrying value of about $2.6 million. According to Vox, this represents roughly 2x carrying value after a holding period of approximately nine months for the i-80 Stream asset.

What cash flow did the i-80 Gold offtake stream generate for Vox Royalty in Q1 2026?

In Q1 2026, the i-80 Gold offtake stream generated $270,000 in net precious metal margin for Vox. According to Vox, this was based on 8,281 ounces at an effective margin of $32.51 per ounce from the covered Nevada gold production.

When is the Vox Royalty i-80 Gold offtake stream transaction expected to close?

Completion of the i-80 Gold offtake stream sale is expected before June 30, 2026. According to Vox, the transaction involves transferring its capped gold offtake stream interest in Ruby Hill, Cove and Granite Creek assets in exchange for i-80 Gold common shares.

What assets were covered by Vox Royalty’s i-80 Gold offtake stream before the sale?

The i-80 Gold offtake stream covered 100% of gold production from Ruby Hill, Cove and Granite Creek in Nevada. According to Vox, the stream was capped at 40,000 ounces per year through December 2028, providing margin-based exposure to those assets.

How does the i-80 Gold offtake stream sale affect Vox Royalty’s portfolio strategy?

The sale reduces exposure to a capped, shorter-duration offtake stream and releases capital. According to Vox, proceeds can be redeployed into longer-duration, uncapped royalty and streaming assets, aligning the portfolio more closely with its stated return-focused strategy.