TORONTO - Vox Royalty Corp. (TSX:VOXR)(NASDAQ:VOXR), a mining royalty company, announced today its plans to release first-quarter results for 2024 on May 8 after the market closes. In addition, the company provided details about its upcoming Annual General Meeting (AGM) and changes to its Board of Directors.
The AGM is scheduled to take place virtually on May 30, 2024, at 1:00 p.m. Eastern Daylight Time. Shareholders on record as of April 15, 2024, will have the right to attend and vote at the meeting. The materials for the meeting, including the Management Information Circular and form of proxy, will be available on April 30, 2024, through various regulatory websites and the company's site.
The company also announced that Shannon McCrae is nominated for election to the Board of Directors during the AGM. If elected, McCrae will join the board on May 30, 2024, succeeding Pascal Attard, who will not seek re-election but will continue as Vox's Chief Financial Officer. The remaining four directors, all currently serving, will stand for re-election.
CEO Kyle Floyd expressed confidence in McCrae's candidacy, citing her extensive mining experience and potential to strengthen the company's governance team. He also acknowledged Pascal Attard's contributions to the board.
Shannon McCrae is a geologist with over two decades of industry experience, having held significant positions at companies like Barrick Gold (NYSE:GOLD), De Beers Canada, and Novamera. She is also involved with Athena Geoscience and sits on the boards of Probe Gold and Atacama Copper.
Vox Royalty, founded in 2014, focuses on mining royalties and has built a portfolio of over 60 royalties across seven jurisdictions. The company has completed more than 25 transactions since early 2020, aiming to optimize returns on royalty acquisitions in the mining sector.
This article is based on a press release statement.
InvestingPro Insights
As Vox Royalty Corp. (TSX:VOXR)(NASDAQ:VOXR) gears up to release its first-quarter results for 2024, investors may look to several key metrics and insights to gauge the company's financial health and future prospects. According to InvestingPro data, Vox Royalty Corp. holds a market capitalization of $104.35 million USD. The company's revenue has shown a significant upward trajectory with a growth of 44.69% over the last twelve months as of Q4 2023. Moreover, the operating income margin for the same period stood at an impressive 26.94%.
InvestingPro Tips highlight that Vox Royalty Corp. not only holds more cash than debt on its balance sheet, a sign of financial stability, but also boasts liquid assets that exceed short-term obligations, indicating a strong liquidity position. While the company was not profitable over the last twelve months, analysts are optimistic, predicting Vox Royalty will turn a profit this year. This aligns with the company's strategic acquisitions and portfolio expansion, which may contribute to its anticipated income growth.
For investors seeking a deeper analysis, InvestingPro offers additional insights and tips for Vox Royalty Corp., which can be accessed at: https://www.investing.com/pro/VOXR. There are a total of 5 InvestingPro Tips available, which provide a comprehensive look at the company's financials and market position. To enrich your investment strategy, consider using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, unlocking even more valuable information and data to guide your decisions.
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