Ecora Resources PLC Announces Phalaborwa Rare Earths Project Update

Executive Summary

• Rainbow Rare Earths announced that adding yttrium to the Phalaborwa project's SEG+ mixed rare earth product could increase the project’s estimated EBITDA by approximately US$30 million.
• Ecora Resources holds a 0.85% gross revenue royalty on the Phalaborwa project, meaning this uplift directly benefits Ecora’s earnings outlook.
• The announcement underscores the material economic upside of Ecora’s royalty portfolio in critical minerals and supports a positive forward‑looking view for the company.

Key Details

• Rainbow Rare Earths Limited disclosed that inclusion of yttrium in the Phalaborwa SEG+ product line adds ~US$30 million to the project’s projected EBITDA.
• Ecora Resources PLC holds a 0.85% gross revenue royalty on the Phalaborwa project, entitling it to a proportional share of the additional EBITDA uplift.
• The press release was issued on 24 November 2025 and is referenced via an external link to Rainbow’s full announcement.
• No other operational or financial metrics were provided beyond the EBITDA impact estimate.

Notable Quotes

(No direct quotes from Ecora’s management were included in the release.)