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ECOR.TO ·

Phalaborwa Rare Earths Project Update Ecora (LSE/TSX: ECOR, OTCQX: ECRAF) a critical minerals focused royalty company, notes the press release issued today by Rainbow Rare Earths Limited ("Rainbow") announcing further successful

Royalties & Streams Company Commentary

22 September 2025

Ecora Resources PLC

("Ecora")

Phalaborwa Rare Earths Project Update

Ecora (LSE/TSX: ECOR, OTCQX: ECRAF) a critical minerals focused royalty company, notes the press

release issued today by Rainbow Rare Earths Limited ("Rainbow") announcing further successful

results from the ongoing test work for the Phalaborwa rare earths project in South Africa.

Ecora holds a 0.85% Gross Revenue Royalty on the Phalaborwa project.

The full announcement from Rainbow can be viewed

here: https://tools.eurolandir.com/tools/Pressreleases/GetPressRelease/?ID=7806447&lang=en -

GB&companycode=uk-rbw&v=r2022

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

[email protected]