Ecora Resources adds to "sector-leading" growth pipeline with new royalty
London, UK
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July 25, 2023 07:15 AM Eastern Daylight Time
Ecora Resources PLC (LSE:ECOR, TSX:ECOR, OTCQX:ECRAF) CEO Marc Bishop Lafleche speaks to Thomas Warner from Proactive after announcing that the commodity royalty company has acquired a 0.25% net smelter return royalty over all metal production from the open pit of the Vizcachitas copper project in Chile.
Lafleche describes the acquired asset as a low-cost, long-life copper development project, and one of the largest undeveloped copper deposits globally. He suggests that he expects the company's exposure to copper to be a sector-leading growth pipeline extending well into the next decade. He makes it clear that while copper remains a core focus, the company is also open to exploring other investable commodity opportunities to achieve their goal of building a comprehensive one-stop-shop for investors seeking exposure to commodities necessary for the energy transition.
He also notes that Ecora's existing assets from South 32 have made good progress, with flagship projects such as West Musgraves and Santo Domingo advancing smoothly.
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