("Ecora" or the "Group") Vale Base Metals announces successful completion of cobalt throughput test at Voisey's Bay Ecora (LSE/TSX: ECOR, OTCQX: ECRAF) notes the announcement on 4 September by Vale Base Metals that it has successfully completed the cobalt throughput test at its Voisey's Bay mine. Th
4 September 2025
Ecora Resources PLC
("Ecora" or the "Group")
Vale Base Metals announces successful completion
of cobalt throughput test at Voisey's Bay
Ecora (LSE/TSX: ECOR, OTCQX: ECRAF) notes the announcement on 4 September by Vale Base
Metals that it has successfully completed the cobalt throughput test at its Voisey's Bay mine. The
test achieved an average throughput rate of 93.7% over a 90-day period.
Ecora holds a 70% net interest in a cobalt stream over the Voisey's Bay mine and is entitled to
receive 22.82% of all cobalt production from Voisey's Bay up until 7.6kt of finished cobalt have
been delivered, and 11.41% entitlement thereafter.
The full press release can be read here: https://valebasemetals.com/news/vale-base-metals-
announces-successful-completion-of-cobalt-throughput-test-at-voiseys-bay/
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 the volume required to achieve the energy transition.
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).