Ecora Resources (GB:ECOR) has released an update.
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Ecora Resources PLC is set to benefit from the completion of the Voisey’s Bay Mine Expansion Project, which has transitioned to underground mining and is expected to produce 2.6 Ktpa of cobalt on average. With a stream agreement in place, Ecora will receive a significant portion of the cobalt production, aligning with its strategy to focus on commodities essential for a sustainable future. The expansion is anticipated to enhance Ecora’s portfolio and shareholder returns as full ramp up is expected by 2026.
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