ECORA RESOURCES PLC - ECRAF STOCK NEWS

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.

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.

Ecora announces acquisition of a 0.25% NSR royalty over the Vizcachitas copper project in Chile for $20 million. The project has a 26-year mine life and estimated average annual copper production of 183 kt in the first 8 years. The transaction is funded through cash and credit facility.

Ecora Resources has published its Notice of Annual General Meeting (AGM) and Form of Proxy on its website as of April 12, 2023. The AGM is scheduled for May 10, 2023, at The Royal Institution of Great Britain in London at 11:00am. Shareholders opting for paper communications will receive the AGM Notice and Form of Proxy on April 13, 2023. Others will be notified via email or post about the document's availability online.

Moreover, the AGM Notice will be submitted to the UK National Storage Mechanism under LR 9.6.1R and will be accessible for inspection. For more information, shareholders can contact the Company Secretary, Jason Gray, or visit the Company’s website.