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 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.
Ecora Resources PLC (LSE:ECOR)(TSX:ECOR) has concluded its $10 million share buyback programme, acquiring a total of 9,491,317 ordinary shares at an average price of 83.77 pence per share. Initiated on March 27, 2024, and completed on May 30, 2024, the shares were purchased on the London Stock Exchange through Peel Hunt LLP. The repurchased shares are held in treasury, bringing the total number of treasury shares to 13,320,469 out of 261,732,553 issued shares. Consequently, 248,412,084 shares carry voting rights. Shareholders can use this figure for calculations required by FCA's Disclosure Guidance and Transparency Rules.
On May 30, 2024, Ecora Resources PLC (LSE:ECOR, TSX:ECOR) repurchased 91,503 of its ordinary shares on the London Stock Exchange as part of its share buyback program initiated on March 27, 2024. The shares were bought at prices ranging from 82.50 to 82.80 pence, with a volume-weighted average price of 82.79 pence per share. Post-purchase, Ecora now has 261,732,553 ordinary shares in issue, with 13,320,469 shares held in treasury, leaving 248,412,084 shares carrying voting rights. This figure will be used for regulatory calculations under the FCA's Disclosure Guidance and Transparency Rules.
Ecora Resources PLC announced a transaction in its own shares, purchasing 100,000 ordinary shares on the London Stock Exchange as part of its share buyback program. The company will now have 261,732,553 ordinary shares in issue, with 10,925,656 held in treasury, totaling 250,806,897 shares carrying voting rights. Shareholders can use this figure to determine disclosure requirements under FCA rules.
Ecora Resources PLC announced the purchase of 100,000 ordinary shares on the London Stock Exchange as part of its share buyback program. The company now holds 10,600,656 shares in treasury, with a total of 251,131,897 shares carrying voting rights. Shareholders can use this figure for disclosure purposes under the FCA's rules.
Ecora Resources PLC announced the successful passing of all resolutions at the AGM 2024. A total of 261,732,553 ordinary shares were held, with 251,831,897 voting rights. The voting results showed overwhelming support for all resolutions.
Ecora Resources PLC announced the purchase of 100,000 ordinary shares on the London Stock Exchange as part of its share buyback program. The company now holds 261,732,553 ordinary shares, with 10,250,656 in treasury. Shareholders can use the figure of 251,481,897 to determine their interests. The Market Abuse Regulation details the trades made by Peel Hunt LLP.
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