Ecora Resources Completes $50 Million Copper Stream Acquisition

The latest update is out from Ecora Resources ( (GB:ECOR) ).

Ecora Resources PLC has completed the acquisition of a copper stream from the Mimbula copper mine, owned by Moxico Resources PLC, for $50 million. This acquisition aligns with Ecora’s focus on critical minerals and strengthens its portfolio in the copper sector, potentially enhancing its market position and offering new opportunities for stakeholders.

More about Ecora Resources

Ecora Resources PLC is a royalty company focused on critical minerals, with a particular emphasis on copper. The company operates in the mining industry, providing financial backing in exchange for a percentage of revenue from mineral production, which positions it strategically within the market for essential resources.

YTD Price Performance: -5.48%

Average Trading Volume: 544,188

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £146.8M

See more data about ECOR stock on TipRanks’ Stock Analysis page.