Ecora Resources (GB:ECOR) has released an update.
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Ecora Resources PLC has successfully completed the acquisition of a 0.85% Gross Revenue Royalty in the Phalaborwa Rare Earths Project, South Africa, positioning the company to capitalize on the growing demand for rare earth elements used in renewable energy technologies. Ecora, a prominent player in the royalty sector, is strategically pivoting towards commodities essential for a sustainable future, moving away from coal to focus on metals crucial for batteries, electric vehicles, and energy infrastructure. This move aligns with their vision to support the energy transition through a diversified, high-quality asset portfolio.
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