ECORA RESOURCES PLC - ECRAF STOCK NEWS

Ecora Resources PLC (LSE:ECOR)(TSX:ECOR) has reported significant insider share acquisitions by two of its top executives. On July 26, 2024, Chief Financial Officer Kevin Flynn purchased 20,000 ordinary shares at an average price of £0.6477 per share. Following this, on July 29, 2024, Chief Executive Officer Marc Bishop Lafleche acquired 75,000 shares at an average price of £0.6390 per share. Both transactions took place on the London Stock Exchange. These insider purchases may signal confidence in the company's future prospects and potentially align management interests more closely with shareholders.

Ecora Resources PLC announced that its Kestrel Q2 income exceeded expectations, driven by higher-than-anticipated saleable volumes. The Kestrel royalty income reached $26.6 million for Q2 2024, bringing the H1 total to $40.8 million. Saleable production volumes in H1 topped expectations at 2.0Mt, nearing the upper end of the full-year 2024 guidance, which projected a 15-25% increase over the 1.6Mt in 2023. Ecora does not plan to update its full-year volume guidance and expects minimal volumes in H2. This performance highlights the company's strong portfolio and effective management, reinforcing its strategy to support sustainable commodities.

Ecora Resources PLC has announced a $8.5 million acquisition of a 0.85% Gross Revenue Royalty (GRR) over the Phalaborwa Rare Earths Project in South Africa. Additionally, Ecora invested $1.5 million for 10,442,427 shares in Rainbow Rare Earths , the project's majority owner. This marks Ecora’s first venture into rare earths, aligning with its strategy to diversify its royalty portfolio. The Phalaborwa project is estimated to have a 16-year mine life, focusing on rare earth elements essential for renewable energy and electric vehicles. Key highlights include no primary mining costs, a strong long-term demand outlook, and a projected first production in 2027. The project's Preliminary Economic Assessment shows a post-tax NPV of $627 million and an IRR of 40%. The financing will combine cash on hand and a revolving credit facility. The deal awaits approval from South African authorities.

Ecora Resources PLC has announced that its CEO, Marc Bishop Lafleche, has acquired 60,000 ordinary shares of the company. The transaction occurred on June 19, 2024, at an average price of £0.7496 per share on the London Stock Exchange. This notification complies with Article 19 of the UK Market Abuse Regulation.

Ecora Resources PLC (LSE:ECOR)(TSX:ECOR) has concluded its $10 million share buyback programme, acquiring a total of 9,491,317 ordinary shares at an average price of 83.77 pence per share. Initiated on March 27, 2024, and completed on May 30, 2024, the shares were purchased on the London Stock Exchange through Peel Hunt LLP. The repurchased shares are held in treasury, bringing the total number of treasury shares to 13,320,469 out of 261,732,553 issued shares. Consequently, 248,412,084 shares carry voting rights. Shareholders can use this figure for calculations required by FCA's Disclosure Guidance and Transparency Rules.

On May 30, 2024, Ecora Resources PLC (LSE:ECOR, TSX:ECOR) repurchased 91,503 of its ordinary shares on the London Stock Exchange as part of its share buyback program initiated on March 27, 2024. The shares were bought at prices ranging from 82.50 to 82.80 pence, with a volume-weighted average price of 82.79 pence per share. Post-purchase, Ecora now has 261,732,553 ordinary shares in issue, with 13,320,469 shares held in treasury, leaving 248,412,084 shares carrying voting rights. This figure will be used for regulatory calculations under the FCA's Disclosure Guidance and Transparency Rules.

Ecora Resources PLC announced a transaction in its own shares, purchasing 100,000 ordinary shares on the London Stock Exchange as part of its share buyback program. The company will now have 261,732,553 ordinary shares in issue, with 10,925,656 held in treasury, totaling 250,806,897 shares carrying voting rights. Shareholders can use this figure to determine disclosure requirements under FCA rules.

Ecora Resources PLC announced the purchase of 100,000 ordinary shares on the London Stock Exchange as part of its share buyback program. The company now holds 10,600,656 shares in treasury, with a total of 251,131,897 shares carrying voting rights. Shareholders can use this figure for disclosure purposes under the FCA's rules.

Ecora Resources PLC announced the successful passing of all resolutions at the AGM 2024. A total of 261,732,553 ordinary shares were held, with 251,831,897 voting rights. The voting results showed overwhelming support for all resolutions.