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Ecora Resources PLC Announces Cañariaco Project Update
Accessnewswire· 2025-12-15 15:25
LONDON, UK / ACCESS Newswire / December 15, 2025 / Ecora (LSE/TSX: ECOR, OTCQX: ECRAF) a critical minerals focused royalty company, notes the press releases issued today by Fortescue Ltd ("Fortescue") and Alta Copper Corp. ("Alta Copper") announcing that they have entered into a binding agreement under which Fortescue proposes to acquire the remaining 64 per cent of Alta Copper's issued and outstanding common shares not already owned by Fortescue ("Transaction"). Alta Copper is the 100 per cent owner of the ...
Oracle Commodity Holding Adds New Illinois Fluorspar Properties to Existing Royalty Agreement With CleanTech
Newsfile· 2025-11-17 15:28
Core Viewpoint - Oracle Commodity Holding Corp. has expanded its royalty agreement with CleanTech Vanadium Mining Corp. to include new fluorspar properties in Illinois, enhancing its portfolio in the critical minerals sector [1][2]. Group 1: Royalty Agreement Details - The Third Amending Agreement adds 37 mineral-rights parcels totaling 1,605 acres in Pope and Hardin Counties, Illinois, to the existing Royalty Agreement [2]. - Under the amended Royalty Agreement, Oracle is entitled to a 2% net smelter return royalty on minerals produced and sold from the properties, with a minimum of US$6 per tonne of minerals sold [3]. - Oracle will pay USF 20% of US$68,700 to acquire the royalty on the new Illinois fluorspar properties, contingent upon TSX Venture Exchange approval [5]. Group 2: Financial Considerations - Oracle Commodity Holding will make non-refundable cash payments equal to 20% of the cash consideration that USF has paid to acquire the properties, known as Matching Payments [4]. - Matching Payments are only required once USF has made actual cash payments to the vendors [4]. Group 3: Corporate Relationships - Oracle Commodity Holding is a control person of CleanTech, holding 42,799,502 common shares, establishing them as related parties under Multilateral Instrument 61-101 [6].
Altius Reports Q3 2025 Attributable Royalty Revenue of $21.4M and Adjusted Earnings(1) of $7.7M
Businesswire· 2025-11-11 22:05
ST. JOHN'S, Newfoundland and Labrador--(BUSINESS WIRE)---- $ALS.TO--Altius Minerals Corporation (TSX: ALS; OTCQX: ATUSF) ("Altius†or the "Corporation†) reports its Q3 2025 revenue of $17.2 million compared to $13.0 million in Q3 2024. Attributable royalty revenue(1) of $21.4 million ($0.46 per share(1)) compares to $14.7 million ($0.32 per share) reported in Q3 2024. The current quarter reflects higher attributable potash volumes and copper stream deliveries at Chapada as well as higher interest and inves ...
Ecora Resources completes sale of subsidiary to Elemental Altus Royalties
Yahoo Finance· 2025-09-12 11:32
Core Insights - Ecora Resources has finalized the sale of a wholly owned subsidiary holding a 2% net smelter return (NSR) royalty on the Dugbe Gold Project in Liberia to Elemental Altus Royalties for up to $20 million, with $16.5 million received upon completion and up to $3.5 million in contingent payments [1][2] Transaction Details - The sale agreement includes contingent payments structured around project milestones, with $700,000 due at the start of construction and $2.8 million payable upon the start of commercial production [2] - If the project scope is reduced from the feasibility study, the entire contingent payment of $3.5 million will be payable once production reaches 150,000 ounces of gold [2] - As of December 2024, the carrying value of the Dugbe NSR royalty was $5.9 million, which Ecora acquired in 2012 [2] Operational Updates - Ecora, in partnership with Vale Base Metals, reported successful cobalt processing tests at the Voisey's Bay mine, achieving an average throughput rate of 93.7% over 90 days [3] - The company holds a 70% interest in the cobalt stream from the Voisey's Bay mine, with entitlements to 22.82% of cobalt production until specific delivery thresholds are met [3] - In February, Ecora expanded its copper interests by securing a $50 million agreement with Moxico Resources for the Mimbula copper mine in Zambia [3] Strategic Implications - The transaction supports Ecora's strategy to enhance its copper growth profile and drive earnings across various time frames, covering an estimated reserve-based life of mine of 11 years, with potential for extension [4]