LSE ECOR | TSX ECOR | OTCQX ECRAF
Recorded on November 3, 2025
Natural Resource Stocks host Andy Millette sits down with Marc Bishop Lafleche, Chief Executive Officer of Ecora Resources PLC, to discuss the company’s record Q3 2025 performance and expanding exposure to critical minerals—from copper and cobalt to uranium and rare earths.
Ecora delivered US $25 million in total portfolio contribution for the quarter, a 112 percent increase quarter-over-quarter, driven by strong base-metal streams and the return of mining in Ecora’s private royalty area at Kestrel. The company also continued to strengthen its balance sheet, with net debt down roughly 30 percent since the US $50 million Mimbula Copper Stream completed in Q1 2025.
Key Highlights Covered in This Interview
- Voisey’s Bay Cobalt Ramp Up — Ecora increased 2025 cobalt guidance to 434–448 tonnes and reaffirmed 2026 targets of 500–560 tonnes as Voisey’s Bay approaches steady-state production.
- Mantos Blancos and Mimbula — Mantos Blancos delivered a record quarter, and Mimbula is projected to contribute ≈ US $1.3 million in Q4 portfolio contribution.
- Pipeline De-Risking — Capstone Copper signed a binding agreement with Orion Resource Partners for a 25 percent interest in Santo Domingo, advancing the project toward FID and new copper-royalty cash flow.
- Diversified Exposure — Ecora’s royalty and streaming portfolio spans copper, cobalt, nickel, uranium, vanadium, and rare earths—positioning the company as a key royalty platform for the global energy transition.
- Clean Capital Structure — Approximately 249 million shares outstanding, with no warrants or convertible debt as of Q4 2025.
Company Links
🌐 Website — https://www.ecora-resources.com
📈 Investor Centre — https://www.ecora-resources.com/investors/
📰 Latest News — https://www.ecora-resources.com/media/news
Guest
Marc Bishop Lafleche — Chief Executive Officer
Host and Channel Links
Natural Resource Stocks — Official Channel
🌐 Website — https://www.NaturalResourceStocks.net
📺 YouTube — https://www.youtube.com/@NaturalResourceStocks
🐦 X (Twitter) — https://twitter.com/NRS_Stocks
💼 LinkedIn — https://www.linkedin.com/company/natural-resource-stocks
Host Andy Millette
🐦 X (Twitter) — https://twitter.com/AndyMillette
💼 LinkedIn — https://www.linkedin.com/in/andymillette
Co-Host Steve Yang
🐦 X (Twitter) — https://twitter.com/SteveYang_Market
💼 LinkedIn — https://www.linkedin.com/in/steveyang88
Chapters
00 00 Intro and disclaimer
02 12 Record Q3 and debt reduction
05 20 Voisey’s Bay cobalt update
08 28 Mantos Blancos and Mimbula performance
10 28 Santo Domingo de-risking with Orion
16 19 Uranium streams and royalties
24 51 Jurisdictions and portfolio resilience
25 38 Share structure and insider ownership
27 12 Catalysts heading into H1 2026
Full NRS / Galt Consulting Standard Financial Disclaimer
Disclaimer:
The information presented in this video and description is for informational purposes only and does not constitute financial advice, investment advice, trading advice, or any other advice. Natural Resource Stocks and Galt Consulting Group do not recommend that any financial instrument be bought, sold, or held. Viewers should do their own research and consult a qualified financial advisor before making any investment decisions.
Natural Resource Stocks and its affiliates may receive compensation for producing sponsored content or may hold securities mentioned in this video. Such content will always be clearly disclosed as sponsored. Forward-looking statements discussed in this interview involve known and unknown risks and uncertainties that could cause actual results to differ materially from those anticipated. No guarantees are made as to the accuracy or completeness of any statements or data provided.
The views expressed by guests are their own and do not necessarily reflect those of Natural Resource Stocks or Galt Consulting Group. By watching this video, you acknowledge that you understand these terms and agree to hold Natural Resource Stocks, Galt Consulting Group, and their representatives harmless from any losses arising from the use of this content.
