Ecora Royalties PLC Announces Cañariaco Project Update

Rhea-AI Summary

Ecora Royalties (OTCQX:ECRAF) notes that Fortescue's Nascent Exploration completed its acquisition of Alta Copper on 9 March 2026, giving Fortescue 100% ownership of the Cañariaco Copper Project in Northern Peru. Ecora holds a 0.5% Net Smelter Return (NSR) royalty on Cañariaco.

Alta Copper's Optimised PEA (10 June 2024) estimated average first‑10‑year production of 158k tpa copper, 70k oz gold and 1.5M oz silver, with life‑of‑mine averages of 134k tpa copper, 61k oz gold and 1.2M oz silver.

Positive

• Ecora retains a 0.5% NSR on the Cañariaco Project
• PEA production estimate: 158k tpa copper (first 10 years) implying strong royalty revenue potential

Negative

• None.

LONDON, UK / ACCESS Newswire / March 10, 2026 / Ecora (LSE:ECOR)(TSX:ECOR)(OTCQX:ECRAF) a critical minerals focused royalty company, notes the press release issued on 9 March by Alta Copper Corp. announcing the successful completion of the previously announced plan of arrangement, pursuant to which Nascent Exploration Pty Ltd ("Nascent"), a wholly-owned subsidiary of Fortescue Ltd ("Fortescue") acquired all of the issued and outstanding common shares of Alta Copper, not already held by Nascent.

Alta Copper is the 100 per cent owner of the Cañariaco Copper Project ("Cañariaco Project") located in Northern Peru.

Alta Copper published an Optimised Preliminary Economic Assessment for the Cañariaco Project on 10 June 2024, which estimated annual average copper production of 158k tonnes, gold production of 70K oz and silver production of 1.5 million oz for the first ten years, and 134k tonnes per annum of copper, 61K oz per annum of gold and 1.2 million oz of silver across the life of the mine.

Ecora holds a 0.5% Net Smelter Return royalty on the Cañariaco Project.

The full announcement from Alta Copper can be viewed here: https://altacopper.com/news-releases/news-releases/2026/alta-copper-corp-and-nascent-exploration-pty-ltd-announce-completion-of-plan-of-arrangement/

For further information:

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

About Ecora

Ecora is a leading critical minerals focused royalty and streaming company.

Copper is at the core of our portfolio which also includes other commodities linked to the trend of electrification, energy transition, infrastructure renewal and urbanisation, digital infrastructure, robotics and energy security.

Our cash generative portfolio includes producing royalties and streams and has a strong organic growth profile driven by royalties and streams already acquired and expected to generate substantial additional cash flow within the next five years.

We take a disciplined approach to investments and acquisitions, focusing on high quality opportunities, in established mining jurisdictions and with experienced management teams. These investments have the potential to deliver enhanced returns through life of mine extension and commodity price out performance.

Our management team has a long and proven track record of originating, completing due diligence, innovatively structuring and completing accretive royalty and stream transactions in the critical minerals space.

We allocate capital prudently, with a focus on growth, maintaining a strong balance sheet and returns to shareholders.

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 Royalties PLC

View the original press release on ACCESS Newswire

FAQ

What did Ecora (OTCQX:ECRAF) announce about the Cañariaco Project on March 10, 2026?

Ecora confirmed Fortescue's Nascent completed its Alta Copper acquisition on March 9, 2026. According to the company, Ecora continues to hold a 0.5% NSR royalty on the Cañariaco Project in Northern Peru.

How much metal production did the Cañariaco Optimised PEA estimate for first ten years?

The Optimised PEA estimated average production of 158,000 tpa copper, 70,000 oz gold, and 1.5M oz silver for the first ten years. According to the company, these are the PEA's projected averages.

What is the long‑term life‑of‑mine production estimate for Cañariaco referenced by Ecora?

The PEA cited life‑of‑mine averages of 134,000 tpa copper, 61,000 oz gold, and 1.2M oz silver. According to the company, these figures reflect the project's full life‑of‑mine average production.

How does Ecora's 0.5% NSR on Cañariaco affect ECRAF shareholders?

The 0.5% NSR provides Ecora with ongoing revenue tied to Cañariaco production volumes and commodity prices. According to the company, this royalty remains in place after Fortescue's acquisition and could generate cash flow if the project advances.

Where can investors find more details about the Alta Copper transaction mentioned by Ecora (ECRAF)?

Investors can review Alta Copper's public announcement of the completed plan of arrangement dated March 9, 2026. According to the company, the Alta Copper release provides transaction completion details and related project information.