Ecora CEO on strong H1 performance as critical minerals drive momentum

Proactive - Interviews for investors

Ecora Resources PLC (LSE:ECOR, TSX:ECOR, OTCQX:ECRAF) CEO Marc Bishop Lafleche talked with Proactive's Stephen Gunnion about the company’s half-year results and the outlook for the rest of 2025. Lafleche said the results build on strong momentum carried into the year, highlighting that producing assets are increasingly demonstrating free cash flow potential. He noted that Kestrel volumes will be weighted towards the second half, the opposite of last year. Base metals were a key driver, with portfolio revenue up 81% year-on-year to just under $10 million. On the company’s cobalt exposure, Lafleche pointed to strong progress at Voisey’s Bay, where Ecora upgraded its 2025 entitlement guidance to 365–390 tonnes. He said: “In the first half of the year, we received 140 tonnes of cobalt, compared to 56 tonnes last year.” Prices have also improved, rising to around $18–20 per pound following the DRC export ban. Copper assets also performed well, with Mantos Blancos delivering record quarters and a feasibility study underway for a second-phase expansion. The recently acquired Mimbula copper stream provided maiden income in Q2 and is expected to contribute further in H2. Lafleche also discussed progress at the Phalaborwa rare earths project in South Africa, positive US government actions to secure critical mineral supply chains, and the sale of the Dugbe gold royalty for up to $20 million. For more videos, visit Proactive’s YouTube channel. Don’t forget to give this video a like, subscribe to the channel, and enable notifications for future updates. #EcoraResources #BaseMetals #Cobalt #Copper #RareEarths #MiningStocks #CriticalMinerals #CommodityInvesting #Kestrel #ProactiveInvestors