Vox Royalty Notes Inclusion of Hecla's Libby Exploration Project in Fast-41 Critical Minerals Dashboard

Published: 2025-04-30 09:10:17 ET VOXR.TO

DENVER, COLORADO - Vox Royalty Corp. (TSX:VOXR)(NASDAQ:VOXR) ('Vox' or the 'Company'), a returns focused mining royalty company, is pleased to note that on April 22, 2025, Vox's royalty operating partner, Hecla Mining Company ('Hecla') (NYSE:HL), announced that its Libby Exploration Project ('Libby Project'), over which Vox holds a US$0.20/ton production royalty, has been added to the Federal Permitting Improvement Steering Council's FAST-41 permitting dashboard.

This inclusion, announced by the Trump Administration on April 18, 2025, recognizes the project's strategic importance in advancing domestic silver and copper production.

The FAST-41 designation aims to streamline the federal permitting process for critical infrastructure projects and to provide increased transparency and efficiency. Hecla's Libby Project, located in northwestern Montana, is now positioned to potentially benefit from this enhanced permitting framework. As further summarised by Hecla President and CEO, Rob Krcmarov: 'We're pleased that the Libby Project has been recognized in the White House's critical minerals initiative and added to the FAST-41 dashboard. This priority status acknowledges the strategic importance of developing domestic silver and copper resources and should help streamline the remaining permitting process as we move toward a final Record of Decision.'

Kyle Floyd, Chief Executive Officer of Vox stated: 'The inclusion of the Libby Project on the FAST-41 Critical Minerals Dashboard marks a major step forward for one of the largest undeveloped silver-copper assets in the United States. Vox's production royalty over the Libby Project currently doesn't receive significant investor or analyst visibility, despite its potential to generate meaningful annual royalty revenues for Vox if the project is developed. While this royalty was a small investment for Vox as part of a larger portfolio deal, with current book value below $100,000, it is representative of the optionality in the portfolio which pairs near-term cash-flowing assets with longer-dated large orebodies that Vox management believes have considerable potential.'

Background on the Libby/Montanore Project?

The Libby Project (formerly referred to as the Montanore Project), situated approximately 20 miles south of Libby, Lincoln County, Montana and located 50 miles from Hecla's Lucky Friday Mine in Idaho, has an extensive exploration history dating back to the early 1980s. Initial exploration efforts began with the construction of the Libby Adit, a 14,000-foot tunnel, between 1989 and 1991. Further underground work was conducted in 2009 to facilitate continued underground exploration with initial preliminary engineering studies completed from 2010 - 2011 by Mines Management Inc. ('MMI'). ?

Hecla acquired the Libby Project in September 2016 with the corporate acquisition of MMI. Geologically, the deposit is categorized as a stratabound sediment-hosted silver-copper deposit, and is one of three major deposits in the area, including the Troy Mine and Rock Creek deposit. MMI released a historical Preliminary Economic Assessment on the project dated February 3, 2011.

About Vox

Vox is a returns focused mining royalty company with a portfolio of over 60 royalties spanning six jurisdictions. The Company was established in 2014 and has since built unique intellectual property, a technically focused transactional team and a global sourcing network which has allowed Vox to target the highest returns on royalty acquisitions in the mining royalty sector. Since the beginning of 2020, Vox has announced over 30 separate transactions to acquire over 60 royalties.

Contact:

Spencer Cole

Chief Investment Officer

Tel: (720) 602-4223

Email: [email protected]

Cautionary Statements to U.S. Securityholders

This press release and the documents incorporated by reference herein, as applicable, have been prepared in accordance with Canadian standards for the reporting of mineral resource and mineral reserve estimates, which differ from the previous and current standards of the U.S. securities laws. In particular, and without limiting the generality of the foregoing, the terms 'mineral reserve', 'proven mineral reserve', 'probable mineral reserve', 'inferred mineral resources,', 'indicated mineral resources,' 'measured mineral resources' and 'mineral resources' used or referenced herein and the documents incorporated by reference herein, as applicable, are Canadian mineral disclosure terms as defined in accordance with NI 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum (the 'CIM') - CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council, as amended (the 'CIM Definition Standards').

For U.S. reporting purposes, the U.S. Securities and Exchange Commission (the 'SEC') has adopted amendments to its disclosure rules (the 'SEC Modernization Rules') to modernize the mining property disclosure requirements for issuers whose securities are registered with the SEC under the U.S. Securities Exchange Act of 1934, as amended, which became effective February 25, 2019. The SEC Modernization Rules more closely align the SEC's disclosure requirements and policies for mining properties with current industry and global regulatory practices and standards, including NI 43-101, and replace the historical property disclosure requirements for mining registrants that were included in SEC Industry Guide 7. Issuers were required to comply with the SEC Modernization Rules in their first fiscal year beginning on or after January 1, 2021. As a foreign private issuer that is eligible to file reports with the SEC pursuant to the multi-jurisdictional disclosure system, the Company is not required to provide disclosure on its mineral properties under the SEC Modernization Rules and will continue to provide disclosure under NI 43-101 and the CIM Definition Standards. Accordingly, mineral reserve and mineral resource information contained or incorporated by reference herein may not be comparable to similar information disclosed by companies domiciled in the U.S. subject to U.S. federal securities laws and the rules and regulations thereunder.

As a result of the adoption of the SEC Modernization Rules, the SEC now recognizes estimates of 'measured mineral resources', 'indicated mineral resources' and 'inferred mineral resources.' In addition, the SEC has amended its definitions of 'proven mineral reserves' and 'probable mineral reserves' to be 'substantially similar' to the corresponding CIM Definition Standards that are required under NI 43-101. While the SEC will now recognize 'measured mineral resources', 'indicated mineral resources' and 'inferred mineral resources', U.S. investors should not assume that all or any part of the mineralization in these categories will be converted into a higher category of mineral resources or into mineral reserves without further work and analysis. Mineralization described using these terms has a greater amount of uncertainty as to its existence and feasibility than mineralization that has been characterized as reserves. Accordingly, U.S. investors are cautioned not to assume that all or any measured mineral resources, indicated mineral resources, or inferred mineral resources that the Company reports are or will be economically or legally mineable without further work and analysis. Further, 'inferred mineral resources' have a greater amount of uncertainty and as to whether they can be mined legally or economically. Therefore, U.S. investors are also cautioned not to assume that all or any part of inferred mineral resources will be upgraded to a higher category without further work and analysis. Under Canadian securities laws, estimates of 'inferred mineral resources' may not form the basis of feasibility or pre-feasibility studies, except in rare cases. While the above terms are 'substantially similar' to CIM Definitions, there are differences in the definitions under the SEC Modernization Rules and the CIM Definition Standards. Accordingly, there is no assurance any mineral reserves or mineral resources that the Company may report as 'proven mineral reserves', 'probable mineral reserves', 'measured mineral resources', 'indicated mineral resources' and 'inferred mineral resources' under NI 43-101 would be the same had the Company prepared the reserve or resource estimates under the standards adopted under the SEC Modernization Rules or under the prior standards of SEC Industry Guide 7.

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, statements regarding expectations for the timing of commencement of development, construction at and/or resource production from the Libby Exploration Project, expectations regarding the size, quality and exploitability of the resources at the Libby Exploration Project, future operations and work programs of Vox's mining operator partner, the receipt of expected and potential royalty payments derived from the Libby Exploration Project, anticipated future cash flows and future financial reporting by Vox, requirements for and operator ability to receive regulatory approvals.

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, including international trade and tariffs; 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 and the middle east, 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, 2024 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.

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.