Ecora Resources (GB:ECOR) has released an update.
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Ecora Resources PLC, a leading royalty company in sustainable commodities, is affected by BHP’s decision to temporarily suspend operations at the West Musgrave project in Western Australia, a site over which Ecora holds a 2% Net Smelter Return royalty. This suspension, starting from October 2024, is set for review in February 2027, potentially impacting Ecora’s interests in nickel, a key component for manufacturing batteries and electric vehicles. Ecora aims to transition to a portfolio with significant exposure to commodities essential for a sustainable future by 2026.
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