Ecora Resources PLC Stock Price, News & Analysis

Ecora Resources PLC announced that CEO Marc Bishop Lafleche acquired 100,000 shares at an average price of £0.6317 per share on October 24, 2024. The transactions were executed on the London Stock Exchange's Main Market. The share acquisition was reported in compliance with Article 19 of the UK Market Abuse Regulation, with the transaction details broken down into multiple trades at prices ranging from £0.63 to £0.633 per share.

Ecora Resources PLC has announced share awards under its Long Term Incentive Plan (LTIP) to two Directors. CEO Marc Bishop Lafleche received 141,165 shares and CFO Kevin Flynn received 100,329 shares at nil cost on October 23, 2024. The awards are based on a share price of £0.8341 and align with the Directors' Remuneration Policy approved by shareholders in May 2024. These shares will vest in October 2027, subject to performance conditions linked to shareholder return, portfolio contribution, and adjusted earnings per share. Following vesting, the shares will be subject to a two-year holding period until October 2029.

Ecora Resources reported Q3 2024 portfolio contribution of US$5.2 million, with core portfolio contribution (excluding Kestrel) of US$5.0 million. The company saw a 15% increase in portfolio contribution for the nine months ended September 30, 2024, reaching US$56.8 million. Underground operations at Voisey's Bay are ramping up, with H2 deliveries expected to at least double H1 numbers. The company received four cobalt deliveries during Q3 at an average price of $11.4/lb. Net debt stood at US$85.5 million as of September 30, 2024.

Ecora Resources PLC (LSE:ECOR)(TSX:ECOR) has announced an upcoming investor presentation on September 11, 2024, at 3:00 PM BST. CEO Marc Bishop Lafleche and CFO Kevin Flynn will lead the presentation, which will focus on the company's HY24 Results. The event will be hosted on the Investor Meet Company platform, allowing both existing and potential shareholders to participate.

Investors can submit questions before the event until 9:00 AM on September 10, or during the live presentation. To join, interested parties can sign up for free on the Investor Meet Company website. Those who already follow Ecora on the platform will receive an automatic invitation.

Ecora Resources PLC (LSE:ECOR)(TSX:ECOR) has announced an update on the Santo Domingo project, over which it holds a 2% Net Smelter Return royalty. Capstone Copper Corp has released an updated Feasibility Study (FS) for the project, highlighting:

- After-tax NPV of $1.7 billion at an 8% discount rate and IRR of 24.1%
- Average production of 106,000 tonnes of copper and 3.7 million tonnes of iron concentrate in the first seven years
- 19-year mine life with average production of 68,000 tonnes of copper and 3.6 million tonnes of iron concentrate
- Total initial capital cost of $2.3 billion
- Increased Mineral Reserve estimate of 436 million tonnes at 0.33% copper grade

Ecora's royalty area includes the highest copper grade portion of the deposit, expected to be mined during the initial 6 to 7 years of production.

Ecora Resources PLC (LSE:ECOR)(TSX:ECOR) has reported significant insider share acquisitions by two of its top executives. On July 26, 2024, Chief Financial Officer Kevin Flynn purchased 20,000 ordinary shares at an average price of £0.6477 per share. Following this, on July 29, 2024, Chief Executive Officer Marc Bishop Lafleche acquired 75,000 shares at an average price of £0.6390 per share. Both transactions took place on the London Stock Exchange. These insider purchases may signal confidence in the company's future prospects and potentially align management interests more closely with shareholders.

Ecora Resources PLC announced that its Kestrel Q2 income exceeded expectations, driven by higher-than-anticipated saleable volumes. The Kestrel royalty income reached $26.6 million for Q2 2024, bringing the H1 total to $40.8 million. Saleable production volumes in H1 topped expectations at 2.0Mt, nearing the upper end of the full-year 2024 guidance, which projected a 15-25% increase over the 1.6Mt in 2023. Ecora does not plan to update its full-year volume guidance and expects minimal volumes in H2. This performance highlights the company's strong portfolio and effective management, reinforcing its strategy to support sustainable commodities.

Ecora Resources PLC has announced a $8.5 million acquisition of a 0.85% Gross Revenue Royalty (GRR) over the Phalaborwa Rare Earths Project in South Africa. Additionally, Ecora invested $1.5 million for 10,442,427 shares in Rainbow Rare Earths , the project's majority owner. This marks Ecora’s first venture into rare earths, aligning with its strategy to diversify its royalty portfolio. The Phalaborwa project is estimated to have a 16-year mine life, focusing on rare earth elements essential for renewable energy and electric vehicles. Key highlights include no primary mining costs, a strong long-term demand outlook, and a projected first production in 2027. The project's Preliminary Economic Assessment shows a post-tax NPV of $627 million and an IRR of 40%. The financing will combine cash on hand and a revolving credit facility. The deal awaits approval from South African authorities.

Ecora Resources PLC has announced that its CEO, Marc Bishop Lafleche, has acquired 60,000 ordinary shares of the company. The transaction occurred on June 19, 2024, at an average price of £0.7496 per share on the London Stock Exchange. This notification complies with Article 19 of the UK Market Abuse Regulation.