APF - Ecora Resources adds to sector-leading growth pipeline with new royalty
(NewsDirect)
Ecora Resources PLC (LSE:ECOR, TSX:ECOR,OTCQX:ECRAF) CEO Marc Bishop Lafleche speaks to Thomas Warner fromProactive after announcing that the commodity royalty company hasacquired a 0.25% net smelter return royalty over all metal productionfrom the open pit of the Vizcachitas copper project in Chile.
Lafleche describes the acquired asset as alow-cost, long-life copper development project, and one of the largestundeveloped copper deposits globally. He suggests that he expects thecompany's exposure to copper to be a sector-leading growthpipeline extending well into the next decade. He makes it clear thatwhile copper remains a core focus, the company is also open toexploring other investable commodity opportunities to achieve theirgoal of building a comprehensive one-stop-shop for investors seekingexposure to commodities necessary for the energy transition.
Healso notes that Ecora's existing assets from South 32 have madegood progress, with flagship projects such as West Musgraves and SantoDomingo advancing smoothly.
ContactDetails
Proactive UK Ltd
+44 20 7989 0813
Copyright (c) 2023 TheNewswire - All rights reserved.