Recorded on July 7 2026 live at the 2026 Rick Rule Symposium
London Stock Exchange: ECOR
Toronto Stock Exchange: ECOR
OTCQX Best Market: ECRAF
Ecora Royalties Chief Executive Officer Marc Bishop Lafleche joins Andy Millette to explain why Ecora believes its transformation into a critical minerals focused royalty company is still not fully reflected in its market valuation. He discusses Ecora’s copper centered strategy, the ramp up in critical minerals cash flow, and the organic growth pipeline across producing and non producing royalties. Marc also explains why a royalty company can scale revenue with a small operating footprint and may capture commodity price gains without assuming a mine operator’s full capital and operating cost structure. The conversation covers management’s view of the current entry point, the stronger copper price environment, portfolio layering, and potential margin expansion. #Millettian
Key topics
• Ecora’s critical minerals and copper strategy
• Growth across producing and future royalties
• Portfolio valuation and the investor entry point
• Royalty economics during inflation
• Revenue scalability and margin expansion
Ecora Royalties
Website https://www.ecoraroyalties.com/
Investor relations https://www.ecoraroyalties.com/investor-relations/
Portfolio https://www.ecoraroyalties.com/our-portfolio/our-portfolio/
Host Andy Millette Natural Resource Stocks
Website https://www.NaturalResourceStocks.net
YouTube Main https://www.youtube.com/@naturalresourcestocks
YouTube World https://www.youtube.com/@NaturalResoureStocksWorld
YouTube Clips https://www.youtube.com/@NaturalResoureStocksClips
X https://x.com/theandymillette
LinkedIn https://www.linkedin.com/in/andymillette/
NRS LinkedIn https://www.linkedin.com/company/naturalresourcestocks-net/
NRS Facebook https://www.facebook.com/people/Natural-Resource-Stocks/100090526686713/
NRS TikTok https://www.tiktok.com/@natural.resource.stocks
NRS Instagram https://www.instagram.com/naturalresourcestocks/
Chapters
This communication is for information purposes only and is not intended to, and does not constitute, or form part of, any offer to sell or issue or any solicitation of an offer to purchase, subscribe for, or otherwise acquire, any securities or a solicitation of any vote or approval in any jurisdiction. It should not be construed as the giving of advice or the making of a recommendation and should not be relied on as the basis for any decision or action. The communication does not constitute an invitation or inducement to engage in any investment activity.
This communication contains or may contain certain forward-looking statements with respect to certain of Ecora Royalties PLC’s, the Company, current expectations and projections about future events. These statements, which sometimes use words such as aim, anticipate, believe, intend, plan, estimate, expect and words of similar meaning, reflect the directors’ beliefs and expectations and involve a number of risks, uncertainties and assumptions which could cause actual results and performance to differ materially from any expected future results or performance expressed or implied by the forward-looking statement, opinion or expectation expressed in this communication. Statements contained in this communication regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future. The information contained in this communication is subject to change without notice and, except as required by applicable law, the Company does not assume any responsibility or obligation to update publicly or review any of the forward-looking statements contained in it and nor do they intend to. No statement in this communication is or is intended to be a profit forecast or profit estimate or to imply that the earning of the Company for the current or future financial years will necessarily match or exceed the historical or published earnings of the Company. Past performance cannot be relied upon as a guide to future performance. As a result of these risks, uncertainties and assumptions, the recipient should not place undue reliance on these forward-looking statements as a prediction of actual results or otherwise. While the Company has taken reasonable care to ensure that the information is accurate at the time of creation of the communication, the Company accepts no liability for the accuracy or completeness or use of, nor any liability to update, the communication.
00:00 Cold open 01:02 Andy introduces Marc Bishop Lafleche 01:25 Critical minerals and investor demand 02:38 Why Ecora is different 03:42 Portfolio layers and growth 06:17 Valuation and investor entry point 07:41 Copper price environment 08:32 Royalty model and small team 10:13 Inflation and margin expansion 11:13 Listings and investor information 12:12 Closing outlook
