- FAST-41 designation granted to Hecla Mining's Libby Exploration Project, enhancing federal permitting efficiency.
- Libby Project ranks as the third largest undeveloped copper-silver deposit in the U.S., with significant inferred resources.
- Vox Royalty holds a US$0.20/ton production royalty, with future revenue potential despite a current book value under $100,000.
Vox Royalty Corp. (VOXR, Financial) has announced the inclusion of Hecla Mining's (HL) Libby Exploration Project in the FAST-41 Critical Minerals Dashboard, a federal initiative aimed at streamlining permitting for crucial infrastructure projects. This designation is expected to expedite the permitting process for the project, located in northwestern Montana, which is significant for domestic silver and copper production.
The Libby Project, which is subject to Vox's US$0.20/ton production royalty, holds substantial inferred resources of 112,185 Kt with grades of 1.6 oz/ton silver and 0.7% copper. This equates to a total of 183,346,000 ounces of silver and 759,420 tons of copper, positioning it as the third largest undeveloped copper-silver resource in the United States.
Although Vox's investment in the royalty is currently valued below $100,000, the company anticipates its potential to generate meaningful future royalty revenues if the project proceeds to development. A new Plan of Operations for underground exploration is under Environmental Assessment review as per the National Environmental Policy Act (NEPA), and future mine construction will hinge on its successful completion.
The FAST-41 inclusion signifies a positive regulatory step for Vox Royalty, though stakeholders should note that actual production remains years away, pending various stages of permitting and development. This development strategy aligns with Vox's approach of investing in a diverse portfolio of assets that includes both near-term and longer-term opportunities.
