REG - Ecora Resources PLC - Directorate change

Ecora ResourcesAnnouncement

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RNS Number : 0056Y  Ecora Resources PLC  04 September 2025

4 September 2025

 

 

Ecora Resources PLC

("Ecora" or the "Company")

 

Directorate Change

 

Ecora Resources PLC (LSE/TSX: ECOR) announces that, in accordance with the
terms of the relationship agreement between the Company and a wholly-owned
subsidiary of South32 Limited ("South32") (the "Relationship Agreement"),
Michael Falconer has been appointed to the Board of the Company as a
non-executive director with effect from 9 September 2025.

 

Michael has been nominated by South32 pursuant to its right under the
Relationship Agreement to appoint a director to the Board for so long as it
holds not less than 10% of the Company's issued share capital.

 

Michael has over 20 years' experience in the mining sector, having held senior
commercial and business development roles at Lonmin, BHP and most recently as
the Vice President Business Development at South32 where he led the divestment
of South32's thermal coal operations in South Africa and oversaw the sale of
the South32 royalty portfolio acquired by Ecora in 2022.

 

Andrew Webb, Chairman of Ecora, commented:

"We welcome South32's nomination of Michael to the Board. His familiarity with
the operations underlying the portfolio of royalties the Group acquired from
South32 in 2022, together with his business development background in the
mining sector complement our existing Board skillset. We look forward to
Michael's contribution and the ongoing support of South32 as Ecora continues
to grow its portfolio of critical mineral focused royalties."

 

This announcement satisfies Ecora's disclosure obligations in accordance with
UK Listing Rule 6.4.8.

 

For further information:

 

 Ecora Resources PLC                         +44 (0) 20 3435 7400
 Jason Gray - Company Secretary

 Website:                                    www.e (http://www.ecora-resources.com) cora-resources.
                                             (http://www.ecora-resources.com) com (http://www.ecora-resources.com)

 FTI Consulting                              +44 (0) 20 3727 1000

 Sara Powell / Ben Brewerton / Nick Hennis   ecoraresources@fticonsulting.com (mailto:ecoraresources@fticonsulting.com)

 

 

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 building 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 commodities 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).

 

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