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Ecora Resources PLC - $ECRAF STOCK NEWS

Welcome to our dedicated page for Ecora Resources PLC news (Ticker: $ECRAF), a resource for investors and traders seeking the latest updates and insights on Ecora Resources PLC stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Ecora Resources PLC's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Ecora Resources PLC's position in the market.

Rhea-AI Summary
Ecora Resources PLC announces an amendment and extension of its $150 million revolving credit facility agreement with an existing syndicate of Scotiabank, CIBC, and RBC. The agreement includes an uncommitted accordion feature of up to $75 million to fund royalty acquisitions, potentially increasing the borrowing capacity to $225 million. The facility has a maturity date of January 2027 with the potential to extend the tenor twice by up to 12 months on each occasion. The CFO, Kevin Flynn, emphasized the continued and enhanced support from lenders as a strong endorsement of the business and strategy, providing additional capacity to build a leading portfolio of royalties over commodities essential to a more sustainable future.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.51%
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Rhea-AI Summary
Ecora Resources PLC (LSE:ECOR)(TSX:ECOR)(OTCQX:ECRAF) announces that the Supreme Court of Western Australia, Court of Appeal has upheld the original judgment in Ecora's legal dispute with Quasar Resources Pty Ltd. The Group received a settlement payment of approximately A$6 million plus interest, which will be released to the income statement in Q4 2023. The Group expects to release approximately A$2.3 million of accrued income in Q4 2023, with a total of approximately A$9.3 million, including interest, to be released to the income statement in Q4 2023. The Group has also been awarded its legal costs of both the trial and of the appeal.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.51%
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Rhea-AI Summary
Ecora Resources PLC issues Q3 2023 trading update with a portfolio contribution of $5.8 million. Commodity prices remain stable. Production expected to increase in H1 2024. Agreement reached with Orovalle regarding royalty payments. Acquisition of royalty over Vizcachitas copper project. Net debt of $68 million.
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Ecora Resources PLC announces Director Share Dealings
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Rhea-AI Sentiment
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-3.23%
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Rhea-AI Summary
Ecora Resources PLC announces Q2 2023 interim dividend.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.13%
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dividends earnings
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Rhea-AI Summary
Director Share Dealings in Ecora Resources PLC
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Rhea-AI Sentiment
End-of-Day
-0.78%
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Rhea-AI Summary
Ecora Resources PLC announces a standard form for the notification of major holdings. Canaccord Genuity Group Inc. has acquired 4.9939% of voting rights in the company. The total number of voting rights held by Canaccord Genuity Group Inc. is 12,876,968.
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Rhea-AI Summary
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5%
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5%
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Rhea-AI Summary
Ecora Resources PLC (ECOR) Q2 2023 Trading Update. The update highlights a $14.7 million portfolio contribution in Q2 2023, lower than Q1 2023, mainly due to decreased royalty income from Kestrel. The H1 2023 portfolio contribution was $44.3 million, down from $92.8 million in H1 2022. Q2 saleable production volumes within Kestrel royalty areas decreased to 0.5mt. The Voisey's Bay cobalt stream deliveries totaled 42 tonnes, with guidance for 4-5 deliveries in H2 2023. Commodity prices softened, net debt at $43 million, and the acquisition of a 0.25% Net Smelter Royalty over the Vizcachitas copper project in Chile for $20 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.9%
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Ecora Resources PLC

OTC:ECRAF

ECRAF Rankings

ECRAF Stock Data

278.04M
210.52M
18.98%
38.04%
Bituminous Coal and Lignite Surface Mining
Mining, Quarrying, and Oil and Gas Extraction
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United States of America
1 Savile Row