VOX Royalty Corp. reports that Ashford Capital Management holds 3,586,900 common shares, representing 5.25% of the outstanding common stock. The filing states this percentage is calculated using 68,364,945 shares outstanding as of December 31, 2025. The reported shares are held across separate client accounts, three limited partnerships, and one commingled fund.
Positive
None.
Negative
None.
Insights
Concentrated passive position by an investment adviser crosses 5% disclosure threshold.
Ashford Capital Management reports beneficial ownership of 3,586,900 shares with sole voting and dispositive power over those shares. The filing identifies the calculation base as 68,364,945 shares outstanding as of December 31, 2025.
This Schedule 13G characterizes the holding as positions held for clients across separate accounts, limited partnerships, and a commingled fund. Future filings may disclose changes if holdings move above or below the 5% threshold.
Reporting aligns with passive investor disclosure and lists ownership structure.
The report states sole voting and dispositive power over 3,586,900 shares and explains the shares are held on behalf of multiple client vehicles. Item 6 clarifies the reporting person is a registered investment advisor holding assets for clients.
Signature by the Chief Compliance Officer is provided; any change in power or purpose would trigger amended filings under applicable rules.
Key Figures
Beneficial ownership:3,586,900 sharesPercent of class:5.25%Shares outstanding:68,364,945 shares+2 more
5 metrics
Beneficial ownership3,586,900 sharesAmount beneficially owned reported in Item 4(a)
Percent of class5.25%Percent of class reported in Item 4(b)
Shares outstanding68,364,945 sharesShares outstanding used to calculate percentage as of <date> December 31, 2025
Sole voting power3,586,900 sharesItem 4(c)(i) sole power to vote
Sole dispositive power3,586,900 sharesItem 4(c)(iii) sole power to dispose
Key Terms
Schedule 13G, Beneficially owned, Sole dispositive power
3 terms
Schedule 13Gregulatory
"Item 1. Name of issuer: VOX ROYALTY CORP."
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Sole dispositive powerregulatory
"Item 4. (c) (iii) Sole power to dispose or to direct the disposition of: 3,586,900.00"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
Ashford Capital reports beneficial ownership of 3,586,900 shares, equal to 5.25% of VOX Royalty Corp.'s common shares. The percentage is calculated using 68,364,945 shares outstanding as of December 31, 2025 per the filing.
Does Ashford Capital have voting power over the VOXR shares?
Yes. The filing states Ashford has sole voting power and sole dispositive power over 3,586,900 shares. Shared voting and dispositive powers are reported as 0 in the Schedule 13G.
Are the reported VOXR shares held on behalf of others?
Yes. Item 6 states the shares are held in separate client accounts, three separate limited partnerships, and one commingled fund managed by Ashford Capital Management, indicating the position represents client vehicles rather than direct corporate ownership.
What date is used to calculate Ashford's percentage ownership in VOXR?
The percentage ownership of 5.25% is calculated using the issuer's reported figure of 68,364,945 shares outstanding as of December 31, 2025, which the filing cites from the issuer's December 31, 2025 Quarterly Report.
Who signed the Schedule 13G for Ashford Capital?
The Schedule 13G is signed by Alex Patseliev, identified as Chief Compliance Officer, with the signature date of 05/06/2026 on the filing.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
VOX ROYALTY CORP.
(Name of Issuer)
Common Shares, no par value
(Title of Class of Securities)
92919F103
(CUSIP Number)
03/31/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
92919F103
1
Names of Reporting Persons
ASHFORD CAPITAL MANAGEMENT INC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
3,586,900.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
3,586,900.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
3,586,900.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.3 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
VOX ROYALTY CORP.
(b)
Address of issuer's principal executive offices:
1499 WEST 120TH AVE, SUITE 110, WESTMINSTER, COLORADO, 80234
Item 2.
(a)
Name of person filing:
Ashford Capital Management
(b)
Address or principal business office or, if none, residence:
1 Walker's Mill Rd, Wilmington DE 19807
(c)
Citizenship:
A Delaware Corporation
(d)
Title of class of securities:
Common Shares, no par value
(e)
CUSIP Number(s):
92919F103
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
3,586,900
(b)
Percent of class:
5.25%. The foregoing percentage is calculated based on 68,364,945 shares of Common Stock reported to be outstanding as of December 31, 2025 in the Issuer's December 31, 2025 Quarterly Report filed on Form 40-F.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
3,586,900.00
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
3,586,900.00
(iv) Shared power to dispose or to direct the disposition of:
0
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
The shares reported by the Reporting Person, a registered investment advisor, are held in separate individual client accounts, three separate limited partnerships, and one commingled fund.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
