Ecora Resources to get cobalt royalty boost from Voisey's Bay expansion
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Ecora Resources will benefit from the completion of the Voisey's Bay Mine Expansion Project by Vale, as it has a stream agreement for a significant portion of cobalt production from the mine.
December 04, 2024 | 8:30 am
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Ecora Resources will see a boost in its cobalt royalty income due to the completion of the Voisey's Bay Mine Expansion Project by Vale, which increases cobalt production.
The completion of the Voisey's Bay Mine Expansion Project by Vale means increased cobalt production, directly benefiting Ecora Resources through its stream agreement. This is likely to enhance Ecora's revenue from cobalt royalties, positively impacting its stock price.
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