Recorded on May 7 2026
Ecora Royalties PLC
LSE ECOR
TSX ECOR
OTCQX ECRAF
Ecora Royalties PLC CEO Marc Bishop Lafleche joins Andy Millette to discuss Ecora’s Q1 2026 performance, base metals growth, and transition into a critical minerals royalty company. Marc explains why Ecora believes the market’s key question has been answered: critical minerals royalty platform or legacy steelmaking coal royalty story. They cover layered growth from producing assets, expansions, restarts, development assets, uranium upside, copper, cobalt, AI power demand, electrification, batteries, volatility, and the royalty model. #Millettian
Key topics
Ecora Royalties Q1 2026 performance
LSE ECOR, TSX ECOR, OTCQX ECRAF
Critical minerals royalty strategy
Base metals growth
Voisey’s Bay, Mantos Blancos, Nifty, Santo Domingo, Patterson Corridor East
Copper, cobalt, uranium, AI, EVs, electricity demand
Royalty model advantages
Ecora Royalties
https://www.ecoraroyalties.com/
Investor contact
ir@ecoraroyalties.com
Host Andy Millette Natural Resource Stocks
Website https://www.NaturalResourceStocks.net
YouTube Main https://www.youtube.com/@naturalresourcestocks
YouTube Clips https://www.youtube.com/@NaturalResoureStocksClips
X https://x.com/theandymillette
LinkedIn https://www.linkedin.com/in/andymillette/
Natural Resource Stocks LinkedIn https://www.linkedin.com/company/naturalresourcestocks-net/
Natural Resource Stocks Facebook https://www.facebook.com/people/Natural-Resource-Stocks/100090526686713/
Natural Resource Stocks TikTok https://www.tiktok.com/@natural.resource.stocks
Natural Resource Stocks Instagram https://www.instagram.com/naturalresourcestocks/
Chapters
00:00 Critical minerals question answered
01:00 Andy opens with Marc Bishop Lafleche
01:33 Q1 and base metals growth
03:08 What separates Ecora
04:06 Portfolio transition
05:09 Multiple decade revenue profile
06:05 Layered growth
08:10 Santo Domingo and Patterson Corridor East
09:55 Selling non-core royalties
11:55 Market volatility
13:27 AI, electricity, and supply shortages
15:13 EVs, batteries, and robotics
17:06 Why royalties matter
19:43 Website, contact, and tickers
21:17 Ecora question answered
22:21 Andy’s final takeaway
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.
