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Ecora Resources completes sale of subsidiary to Elemental Altus Royalties
Yahoo Financeยท 2025-09-12 11:32
Ecora Resources, a critical mineral-focused royalty company, has finalised the sale of a wholly owned subsidiary, which holds a 2% net smelter return (NSR) royalty on the Dugbe Gold Project in Liberia, to Elemental Altus Royalties. The sale agreement is valued at up to $20m, with $16.5m received upon completion. It also includes up to $3.5m in contingent payments. These payments are structured around project milestones, with $700,000 due at the commencement of construction and $2.8m payable upon the init ...