Workflow
Ecora Resources completes sale of subsidiary to Elemental Altus Royalties
Yahoo Finance·2025-09-12 19:32

Ecora Resources, a critical mineral-focused royalty company, has finalised the sale of a wholly owned subsidiary, which holds a 2% net smelter return (NSR) royalty on the Dugbe Gold Project in Liberia, to Elemental Altus Royalties. The sale agreement is valued at up to 20m,with20m, with 16.5m received upon completion. It also includes up to 3.5mincontingentpayments.Thesepaymentsarestructuredaroundprojectmilestones,with3.5m in contingent payments. These payments are structured around project milestones, with 700,000 due at the commencement of construction and $2.8m payable upon the init ...