Phalaborwa Rare Earths Project Update
Ecora Resources PLC has announced an update regarding the Phalaborwa Rare Earths Project, noting that the inclusion of yttrium in the project's SEG+ mixed rare earth product could potentially add over US$30 million to its estimated EBITDA. Ecora holds a 0.85% Gross Revenue Royalty on this project, which is a significant development for the critical minerals focused royalty company.
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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 that the inclusion of yttrium in the Phalaborwa project's SEG+ mixed rare earth product could add +US$30 million to the project's estimated EBITDA.
Ecora holds a 0.85% Gross Revenue Royalty on the Phalaborwa project.
The full announcement from Rainbow can be viewed here: https://irtools.co.uk/112/story/0abd60cd-c345-4013-9a9f-bf19c270f8ef
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.