Venus Metals Corporation has announced a special dividend of 25 million Rox Resources shares, valued at approximately $10.25 million.
The distribution equates to 0.1212 Rox shares for every Venus share held, marking a significant capital return event for the battery-mineral explorer.
The move follows Venus Metals banking $46 million from the sale of its Youanmi royalty interest.
The move follows Venus Metals banking $46 million from the sale of its Youanmi royalty interest.
Management indicated that a further $35 million in cash returns is planned, signaling a shift toward returning proceeds from asset monetization directly to investors rather than retaining cash for exploration.
This capital return strategy highlights the company's focus on liquidity and shareholder value after securing funds from its royalty divestment.
The scrip dividend structure allows Venus to distribute value without immediate cash outflow, while exposing shareholders to the performance of Rox Resources, a peer in the precious metals and battery minerals sector.