Ecora Royalties PLC Announces Canariaco Project Update

Executive Summary

• Ecora Royalties PLC reports that Alta Copper Corp. announced the successful completion of its plan of arrangement, whereby Nascent Exploration Pty Ltd (a wholly‑owned subsidiary of Fortescue Ltd) acquired all remaining outstanding common shares of Alta Copper.
• The acquisition gives Nascent 100 % ownership of the Cañariaco Copper Project in northern Peru, on which Ecora holds a 0.5 % Net Smelter Return royalty.
• The transaction is material to Ecura as it secures full control of a high‑grade copper‑gold‑silver project that underpins future cash flow from its royalty interest.

Key Details

• Transaction Structure: Completion of previously announced plan of arrangement; Nascent Exploration Pty Ltd (Fortescue) acquired 100 % of Alta Copper’s outstanding common shares.
• Ownership Impact: Ecora continues to hold a 0.5 % NSR royalty on the Cañariaco Project now wholly owned by Nascent/ Fortescue.
• Project Overview: Cañariaco Copper Project – located in northern Peru; Optimised PEA (June 2024) estimated:
• First‑10‑year average annual production: 158,000 t Cu, 70,000 oz Au, 1.5 M oz Ag.
• Life‑of‑mine average annual production: 134,000 t Cu, 61,000 oz Au, 1.2 M oz Ag.
• Financial Implications for Ecora: The royalty is expected to generate substantial cash flow over the next five years as the project moves toward development and production.
• Source Link: Full Alta Copper announcement – https://altacopper.com/news-releases/news-releases/2026/alta-copper-corp-and-nascent-exploration-pty-ltd-announce-completion-of-plan-of-arrangement/

Notable Quotes

(No direct quotes were provided in the release.)