Ecora Resources PLC Announces Completion of Acquisition

Rhea-AI Summary

Ecora Resources, a critical minerals focused royalty company, has completed the acquisition of a copper stream related to production at the Mimbula copper mine, owned by Moxico Resources PLC. The transaction, announced on February 27, 2025, was executed for a total cash consideration of US$50 million. The company confirmed that no material changes have occurred affecting the transaction since the initial announcement.

Positive

• US$50M copper stream acquisition expands mineral portfolio
• Strategic entry into copper production streaming

Negative

• Significant cash outlay of US$50M impacts liquidity

LONDON, UK / ACCESS Newswire / March 4, 2025 / Further to the announcement on 27 February 2025, Ecora (LSE:ECOR)(TSX:ECOR)(OTCQX:ECRAF) ("Ecora") a critical minerals focused royalty company, announces that it has completed the acquisition of a copper stream (the "Stream") with reference to production at the Mimbula copper mine owned by Moxico Resources PLC, for a total cash consideration of US$50m (the "Transaction").

There has been no material change affecting any matter relating to the Transaction contained in the announcement released by Ecora on 27 February 2025.

For further information

Ecora Resources PLC	+44 (0) 20 3435 7400
Geoff Callow - Head of Investor Relations
Website:	www.ecora-resources.com
FTI Consulting Sara Powell / Ben Brewerton / Nick Hennis /Lucy Wigney	+44(0) 20 3727 1000 ecoraresources@fticonsulting.com

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SOURCE: Ecora Resources PLC

View the original press release on ACCESS Newswire

FAQ

How much did ECRAF pay for the Mimbula copper mine stream acquisition?

Ecora Resources (ECRAF) paid US$50 million in cash for the copper stream acquisition from the Mimbula copper mine.

When did ECRAF complete the Mimbula copper stream acquisition?

Ecora Resources completed the Mimbula copper stream acquisition on March 4, 2025.

What type of asset did ECRAF acquire from the Mimbula mine?

ECRAF acquired a copper stream, which is a right to purchase copper production from the Mimbula mine owned by Moxico Resources PLC.

Has there been any material change to ECRAF's Mimbula stream acquisition since its February announcement?

No, there have been no material changes affecting the transaction since the initial announcement on February 27, 2025.