Ecora Resources Announces Completion of Voisey’s Bay Cobalt Throughput Test

Ecora (LSE:ECOR)(TSX:ECOR)(OTCQX:ECRAF) notes the announcement on 4 September by Vale Base Metals that it has successfully completed the cobalt throughput test at its Voisey’s Bay mine. The test achieved an average throughput rate of 93.7% over a 90-day period.

Ecora holds a 70% net interest in a cobalt stream over the Voisey’s Bay mine and is entitled to receive 22.82% of all cobalt production from Voisey’s Bay up until 7.6kt of finished cobalt have been delivered, and 11.41% entitlement thereafter.

The throughput test, a requirement under the Voisey’s Bay streaming agreement with Wheaton Precious Metals Corp. and Ecora Resources PLC, required Voisey’s Bay to maintain an average throughput rate of at least 85% of capacity over 90 consecutive days.

This is a meaningful achievement for Voisey’s Bay. It puts an exclamation point on the operation’s successful transition to underground mining, showing that Voisey’s Bay is not only meeting its planned production rate, but is exceeding it.

I want to acknowledge and thank Roberto Damasceno, Pieter Loock, and the entire Voisey’s Bay team for their hard work and dedication in getting us to this important milestone. This is another example of how Vale Base Metals is transforming into a safe, reliable, cost competitive operator that delivers on its targets and commitments. Shaun Usmar, CEO, Vale Base Metals

Voisey’s Bay entered production in 2005 as an open pit mine. In late 2024, it completed a multi-year expansion that transitioned the operation to underground mining, ensuring Voisey’s Bay will continue to serve as an important engine of economic growth in Newfoundland & Labrador and provider of low-carbon, high-quality nickel, copper, and cobalt for many years to come.

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Duane Hope

Duane Hope is a Partner at Capital 10X, he brings over 15 years of communications and research experience to the firm. His research and writing have appeared in publications for North American, European and Asian audiences.