Vox Royalty Acquires Wyloo North Iron Ore Royalty in Pilbara Region of Western Australia
1. VOXR acquires iron ore royalty for A$1.5 million from Fortescue Metals. 2. The deal offers 1.5% gross revenue on the first 15 million tonnes.
1. VOXR acquires iron ore royalty for A$1.5 million from Fortescue Metals. 2. The deal offers 1.5% gross revenue on the first 15 million tonnes.
The acquisition diversifies VOXR’s royalty portfolio, potentially increasing future revenues. Historically, successful royalty acquisitions lead to stock price appreciation.
The acquisition strengthens VOXR’s market position and revenue outlook, crucial for investor confidence.
This acquisition has long-term implications by establishing recurring revenue from existing mining operations.