("Ecora" or the "Group") Santo Domingo Update: Joint Venture Partnership Ecora (LSE/TSX: ECOR, OTCQX: ECRAF) a critical minerals focused royalty company, notes the press
14 October 2025
Ecora Resources PLC
("Ecora" or the "Group")
Santo Domingo Update: Joint Venture Partnership
Ecora (LSE/TSX: ECOR, OTCQX: ECRAF) a critical minerals focused royalty company, notes the press
release issued on 13 October 2025 by Capstone Copper Corp. ("Capstone") announcing that fund
entities managed by Orion Resource Partners LP (collectively, "Ori on") have agreed to acquire a
25% ownership interest in the Santo Domingo Project ("Santo Domingo") and the Sierra Norte
Project for total cash consideration of up to $360 million.
Capstone also stated that it is continuing to advance the remaining workstreams towards a final
investment decision on Santo Domingo expected in H2 2026.
Ecora holds a 2.0% Net Smelter Return royalty over certain Santo Domingo project tenements,
including the highest copper grade portion of the deposit which is the first area to be mined
according to the Updated Santo Domingo Feasibility Study announced in July 2024. Over the first
seven years, the Ecora royalty entitlement is expected to generate an average annual royalty
entitlement of $30-35 million at planned production rates and spot commodity prices.
The full announcement from Capstone can be viewed here, along with the Santo Domingo Joint
Venture Partnership Presentation.
For further information
Ecora Resources PLC +44 (0) 20 3435 7400
Geoff Callow - Head of Investor Relations
Website: www.ecora-resources.com
FTI Consulting
Sara Powell / Ben Brewerton / Nick Hennis
+44(0) 20 3727 1000
About Ecora Resources
Ecora is a leading critical minerals focused royalty company.
Our vision is to be globally recognised as the royalty company of choice synonymous with
commodities that support trends of electrification by continuing to grow and diversify our royalty
portfolio in line with our strategy. We will achieve this through bu ilding a diversified portfolio of
scale over high quality assets that drives low volatility earnings growth and shareholder returns.
The mining sector has an essential role to play in the energy transition, with commodities such as
copper, nickel and cobalt - key materials for manufacturing batteries and electric vehicles. Copper
also plays a critical role in our electricity grids. All these commodities are mined and there are not
enough mines in operation today to supply expected future demand growth.
Our strategy is to acquire royalties and streams over low-cost operations and projects with strong
management teams, in well -established mining jurisdictions. Our portfolio has been reweighted
to provide material exposure to this commodity basket and we have successfully transitioned from
a coal orientated royalty business in 2014 to one that by 2026 will be materially coal free and
comprised of over 90% exposure to commodities that support a sustainable future. The
fundamental demand outlook for these comm odities over the next decade is very strong, which
should significantly increase the value of our royalty portfolio.
Ecora's shares are listed on the London and Toronto Stock Exchanges (ECOR) and trade on the
OTCQX Best Market (OTCQX: ECRAF).