Ecora Resources PLC Announces Santo Domingo Update: Joint Venture Partnership

Rhea-AI Summary

Ecora Resources (OTCQX:ECRAF / LSE:ECOR) noted Capstone Copper's announcement that Orion Resource Partners agreed to acquire a 25% interest in the Santo Domingo and Sierra Norte projects for up to $360 million. Capstone is advancing remaining workstreams toward a final investment decision (FID) on Santo Domingo expected in H2 2026. Ecora holds a 2.0% Net Smelter Return (NSR) over certain Santo Domingo tenements, including the highest-copper-grade area planned to be mined first.

Ecora expects the royalty to generate an average annual entitlement of $30–35 million over the first seven years at planned production rates and spot prices. The announcement includes joint venture presentation materials and directs investors to contact Ecora investor relations for further information.

Positive

• 2.0% NSR covering highest-copper-grade tenements
• Royalty expected to deliver $30–35M annual entitlement (first seven years)
• Orion acquiring 25% stake for up to $360M (funding for project)

Negative

• Final investment decision targeted H2 2026 (project timeline dependency)
• Royalty exposure concentrated on specified Santo Domingo tenements including the highest-grade area

LONDON, UK, AL / ACCESS Newswire / October 14, 2025 / Ecora (LSE:ECOR)(TSX:ECOR)(OTCQX:ECRAF) a critical minerals focused royalty company, notes the press release issued on 13 October 2025 by Capstone Copper Corp. ("Capstone") announcing that fund entities managed by Orion Resource Partners LP (collectively, "Orion") have agreed to acquire a 25% ownership interest in the Santo Domingo Project ("Santo Domingo") and the Sierra Norte Project for total cash consideration of up to $360 million.

Capstone also stated that it is continuing to advance the remaining workstreams towards a final investment decision on Santo Domingo expected in H2 2026.

Ecora holds a 2.0% Net Smelter Return royalty over certain Santo Domingo project tenements, including the highest copper grade portion of the deposit which is the first area to be mined according to the Updated Santo Domingo Feasibility Study announced in July 2024. Over the first seven years, the Ecora royalty entitlement is expected to generate an average annual royalty entitlement of $30-35 million at planned production rates and spot commodity prices.

The full announcement from Capstone can be viewed here, along with the Santo Domingo Joint Venture Partnership Presentation.

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	+44(0) 20 3727 1000 ecoraresources@fticonsulting.com

About Ecora Resources

Ecora is a leading critical minerals focused royalty company.

Our vision is to be globally recognised as the royalty company of choice synonymous with commodities that support trends of electrification by continuing to grow and diversify our royalty portfolio in line with our strategy. We will achieve this through building a diversified portfolio of scale over high quality assets that drives low volatility earnings growth and shareholder returns.

The mining sector has an essential role to play in the energy transition, with commodities such as copper, nickel and cobalt - key materials for manufacturing batteries and electric vehicles. Copper also plays a critical role in our electricity grids. All these commodities are mined and there are not enough mines in operation today to supply expected future demand growth.

Our strategy is to acquire royalties and streams over low-cost operations and projects with strong management teams, in well-established mining jurisdictions. Our portfolio has been reweighted to provide material exposure to this commodity basket and we have successfully transitioned from a coal orientated royalty business in 2014 to one that by 2026 will be materially coal free and comprised of over 90% exposure to commodities that support a sustainable future. The fundamental demand outlook for these commodities over the next decade is very strong, which should significantly increase the value of our royalty portfolio.

Ecora's shares are listed on the London and Toronto Stock Exchanges (ECOR) and trade on the OTCQX Best Market (OTCQX: ECRAF).

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: Ecora Resources PLC

View the original press release on ACCESS Newswire

FAQ

What stake did Orion agree to buy in Santo Domingo and for how much (ECRAF update October 14, 2025)?

Orion agreed to acquire a 25% interest in Santo Domingo and Sierra Norte for up to $360 million in cash.

How much of a royalty does Ecora (ECRAF) hold on Santo Domingo?

Ecora holds a 2.0% Net Smelter Return (NSR) over certain Santo Domingo tenements.

What royalty income does Ecora (ECRAF) expect from Santo Domingo and over what period?

Ecora expects an average annual royalty entitlement of $30–35 million over the first seven years at planned production rates and spot prices.

When is Capstone targeting a final investment decision on Santo Domingo?

Capstone is targeting a final investment decision in H2 2026.

How might the Orion investment affect Santo Domingo project funding and timeline?

The $360M Orion cash consideration provides partner funding support while the project advances toward the H2 2026 FID.