Welcome to our dedicated page for Ecora Royalties news (Ticker: ECRAF), a resource for investors and traders seeking the latest updates and insights on Ecora Royalties stock.
Ecora Royalties PLC reports developments from a critical-minerals royalty and streaming portfolio focused on copper and other commodities tied to electrification, infrastructure renewal, digital infrastructure, robotics and energy security. The company’s shares are listed in London and Toronto under ECOR and trade on the OTCQX market as ECRAF.
Recurring updates include portfolio contribution from producing royalties and streams, cobalt and copper deliveries, commodity-price effects, and project-level developments across assets such as Voisey’s Bay, Mimbula, Cañariaco, Four Mile, Kestrel and Phalaborwa. Company announcements also cover annual results, investor presentations, annual general meeting materials, director transactions, treasury share transfers, long-term incentive plan awards and total voting rights.
Ecora Resources PLC announced several key portfolio updates. The company will be included in the FTSE UK SmallCap Index and FTSE UK All-Share Index effective December 23, 2024. Vale completed the Voisey's Bay Mine Expansion Project, where Ecora holds a 22.82% cobalt stream. The company expects to receive 280-392 tonnes of cobalt in 2025.
At Mantos Blancos, where Ecora holds a 1.525% NSR royalty, operations achieved 18,062 tpd throughput with plans for potential expansion to 27,000 tpd. The company also reported updates on development royalties, including Brazilian Nickel's potential US$550 million loan facility for the Piauí Project, and Cyprium's PFS for Nifty Copper Mine Complex projecting 6kt annual copper production over 4 years.
Ecora Resources announces the completion of Vale Base Metals' Voisey's Bay Mine Expansion Project, transitioning from open pit to underground mining. The expansion includes two underground mines - Reid Brook and Eastern Deeps - which will supply concentrate to the Long Harbour Processing Plant.
The project is expected to produce 2.6 Ktpa of cobalt on average over the mine's life, with full ramp-up anticipated by second half of 2026. Ecora holds a stream agreement entitling it to 22.82% of all cobalt production from Voisey's Bay until 7,600 tonnes of finished cobalt are delivered, after which the entitlement reduces to 11.41%.
Ecora Resources has announced that Graeme Dacomb, an independent Non-Executive Director, will be appointed as an independent Non-Executive Director of Capital , a London Stock Exchange-listed company, effective December 1, 2024. This announcement fulfills the company's obligations under UK Listing Rule 6.4.9(2).
Ecora Resources announces FCA approval to transfer its listing from the Equity Shares (Transition) Category to the Equity Shares (Commercial Companies) Category of the Official List. The transfer is effective October 30, 2024, at 8:00 a.m. The company's existing listings on the Toronto Stock Exchange (ECOR) and OTCQX Best Market (ECRAF) remain unaffected by this change. Ecora is a royalty company focused on commodities essential for sustainable future, with plans to be materially coal-free by 2026 and have over 90% exposure to sustainability-supporting commodities.
Ecora Resources has announced an update regarding Largo's Maracás Menchen vanadium-titanium operation in Brazil, where Ecora holds a 2% Net Smelter Return royalty. The updated Life of Mine Plan and Pre-Feasibility Study revealed significant improvements, including a thirteen-year extension to the reserve-based mine life (now extending to 2054) and a 67% increase in Mineral Reserves. The project demonstrates substantial growth potential with an estimated US$1.1 Billion NPV7.
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.