Uranium · Mid-Tier · Royalty · Canada · Chile · Australia
Last updated 21 June 2026
Data compiled from public filings — information only, not investment advice. AI‑assisted; see methodology.
Stream Operating · 2 projects
Voisey's Bay
Asset · Stream · Operating
Project information
As at 31 December 2025
Description
As at 31 December 2025
Ecora holds a cobalt stream on the Voisey's Bay mine in Canada operated by Vale. Expected to deliver 500-560t of attributable cobalt in 2026 as the underground mine reaches steady state production. Successful exploration and resource conversion are expected to extend the life of mine by another four years to 2044.
Stream interests
As at 31 December 2025
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Royalties & streams
All royalty and stream interests in the database that refer to this asset by name.
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Mimbula
Asset · Stream · Operating
Project information
As at 31 December 2025
Description
As at 31 December 2025
Ecora holds a copper stream on the producing Mimbula copper mine in Zambia operated by Moxico Resources. Expected to deliver 1,080-1,130t of attributable copper in 2026. The operation is currently undergoing a brownfield expansion to increase production capacity to 56ktpa.
Stream interests
As at 31 December 2025
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Royalties & streams
All royalty and stream interests in the database that refer to this asset by name.
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Royalty Operating · 8 projects
McClean Lake Mill
Asset · Royalty · Operating
Project information
As at 31 December 2025
Description
As at 31 December 2025
Ecora 22.5% toll milling revenue interest over the McClean Lake Mill in Canada operated by Orano. The mill processes feedstock from Cameco's Cigar Lake uranium mine.
Royalty interests
As at 31 December 2025
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LIORC
Asset · Royalty · Operating
Project information
Description
Ecora indirect 7.0% GRR royalty over the Iron Ore Company of Canada (IOC) mine via an equity investment in Labrador Iron Ore Royalty Corporation (LIORC).
Royalty interests
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Royalties & streams
All royalty and stream interests in the database that refer to this asset by name.
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Carlota
Asset · Royalty · Operating
Project information
As at 31 December 2025
Description
As at 31 December 2025
Ecora 5.0% NSR royalty over the Carlota copper mine in the US operated by KGHM. Expected volumes to decrease by ~15% in 2026 as operations progress towards depletion in 2029.
Royalty interests
As at 31 December 2025
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Maracás Menchen
Asset · Royalty · Operating
Project information
As at 31 December 2025
Description
As at 31 December 2025
Ecora 2.0% NSR royalty over the Maracás Menchen vanadium mine in Brazil operated by Largo.
Royalty interests
As at 31 December 2025
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Mantos Blancos
Asset · Royalty · Operating
Project information
As at 31 December 2025
Description
As at 31 December 2025
Ecora holds a 1.525% NSR royalty over the Mantos Blancos copper mine in Chile operated by Capstone Copper. Capstone is working towards the completion of the Mantos Blancos Phase II study, expected by mid-2026, which could add 35ktpa of copper over at least ten years.
Royalty interests
As at 31 December 2025
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Four Mile
Asset · Royalty · Operating
Project information
As at 31 December 2025
Description
As at 31 December 2025
Ecora 1.0% NSR royalty over the Four Mile uranium mine in Australia operated by Quasar Resources.
Royalty interests
As at 31 December 2025
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EVBC
Asset · Royalty · Operating
Project information
As at 31 December 2025
Description
As at 31 December 2025
Ecora sliding-scale NSR royalty over the EVBC gold, silver, and copper mine in Spain operated by Orvana Minerals. Life of mine extended by two years to 2030, though operations remain reliant on the availability of sufficient tailings storage capacity.
Royalty interests
As at 31 December 2025
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Kestrel
Asset · Royalty · Operating
Project information
As at 31 December 2025
Description
As at 31 December 2025
Ecora holds a GRR royalty over the Kestrel steelmaking coal mine in Australia. During 2026, Kestrel mining operations within the Group's royalty area are expected to primarily occur during the second half of the year and produce between 1.0 and 1.2mt of saleable production.
Royalty interests
As at 31 December 2025
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Royalty Development · 9 projects
Santo Domingo
Asset · Royalty · Development
Project information
Description
Ecora 2.0% NSR royalty over the Santo Domingo copper and iron ore project in Chile operated by Capstone Copper. Capstone sold a 25% interest to Orion Resource Partners in 2025, targeting FID in H2 2026. Expected to generate upwards of US$35M per annum at current spot prices.
Royalty interests
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West Musgrave
Asset · Royalty · Development
Project information
Description
Ecora 2.0% NSR royalty over the West Musgrave nickel and copper project in Australia operated by BHP. Construction remains suspended pending a review by BHP by February 2027, with potential divestment considered.
Royalty interests
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Piauí
Asset · Royalty · Development
Project information
Description
Ecora 1.60% GRR royalty over the Piauí nickel-cobalt project in Brazil operated by Brazilian Nickel. Brazilian Nickel remains in discussions with potential financing partners ahead of a potential Final Investment Decision.
Royalty interests
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Nifty
Asset · Royalty · Development
Project information
Description
Ecora 1.5% GRR royalty over the Nifty copper complex in Australia operated by Cyprium Metals. Cyprium approved the Cathode Project restart plan with first production of copper cathode expected in mid-2026.
Royalty interests
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Incoa
Asset · Royalty · Development
Project information
Description
Ecora ~1.23% GRR royalty over the Incoa calcium carbonate project in the Dominican Republic and US operated by Incoa.
Royalty interests
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Amapá
Asset · Royalty · Development
Project information
Description
Ecora 1% GRR royalty over the Amapá iron ore project in Brazil operated by Cadence Minerals plc.
Royalty interests
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Salamanca
Asset · Royalty · Development
Project information
Description
Ecora 1.0% NSR royalty over the Salamanca uranium project in Spain operated by Berkeley Energia.
Royalty interests
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Royalties & streams
All royalty and stream interests in the database that refer to this asset by name.
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Phalaborwa
Asset · Royalty · Development
Project information
Description
Ecora 0.85% GRR royalty over the Phalaborwa rare earths project in South Africa operated by Rainbow Rare Earths. Rainbow is targeting the publication of a definitive feasibility study in 2026 with production expected from as early as 2028.
Royalty interests
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Vizcachitas
Asset · Royalty · Development
Project information
Description
Ecora 0.25% NSR royalty over the Vizcachitas copper project in Chile operated by Los Andes Copper.
Royalty interests
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Royalties & streams
All royalty and stream interests in the database that refer to this asset by name.
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Royalty Exploration · 4 projects
Patterson Corridor East
Asset · Royalty · Exploration
Project information
Description
Ecora 2.0% NSR royalty over the Patterson Corridor East uranium discovery in Canada operated by NexGen Energy.
Royalty interests
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Pilbara
Asset · Royalty · Exploration
Project information
Description
Ecora 1.5% GRR royalty over the Pilbara iron ore project in Australia operated by BHP.
Royalty interests
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Ring of Fire
Asset · Royalty · Exploration
Project information
Description
Ecora 1.0% NSR royalty over the Ring of Fire chromite project in Canada operated by Wyloo Metals.
Royalty interests
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Royalties & streams
All royalty and stream interests in the database that refer to this asset by name.
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Cañariaco
Asset · Royalty · Exploration
Project information
Description
Ecora 0.5% NSR royalty over the Cañariaco copper and gold project in Peru operated by Alta Copper (acquired by Fortescue).
Royalty interests
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Royalties & streams
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Assumptions
- The projects listed here reflect the information captured in this workspace and are not necessarily a complete picture of the company's portfolio. For authoritative figures, refer to the company's official filings.
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How to read this tab
- MetalPilot stores contained metal or product in the codes below; grade and tonnage use separate fields. In side-by-side comparison views (stock page Portfolio tab, watchlist By sector), heterogeneous source units are converted to each commodity's preferred display unit (for example Moz Au, kt Cu, MMbbl oil) before summing; the same canonical codes appear in project data.
What the Portfolio tab shows
- The Portfolio tab presents a project-level view of the company's reported assets, built from publicly disclosed information (technical reports, annual filings, MD&A, investor presentations, MRMR / R&R statements, NI 43-101 / NI 51-101 / SEC S-K 1300 / SEC S-K 1200 / JORC / SAMREC / PERC / PRMS / COGEH filings, and similar primary sources).
- Figures are grouped by project type (mining, oil & gas, royalty, stream, processing facility, development, portfolio aggregate) and are shown alongside the headline reserve base, headline production, headline grade / quality, cost benchmarks, estimated lifetime, commercial terms (for royalties / streams), operational capacity (for processing) and a single-figure rating where the underlying data supports one.
- Each data table on the Portfolio tab is followed by ONE Assumptions footnote describing the modelling choices for that table; KPI stat-card assumptions appear in the bottom block instead. All legal and section disclaimers are merged into a single disclaimer list at the bottom of the Portfolio tab.
Concepts in your sector — Royalties & streaming
- A royalty is a contractual share of value extracted (NSR, GRR, NPI, sliding-scale, …). A stream delivers a fixed % of production at an agreed (often discounted) price in exchange for upfront capital.
- Portfolio shows operator reserves restated on royalty/stream economics (volume × rate). Operator classification (NI 43-101, JORC, NI 51-101, SEC) carries through.
- Common terms: Cap (maximum payable); Buy-back (operator repurchase right); AOI (area of interest); Sliding-scale (rate vs commodity price).
Portfolio tab — table guide
- Portfolio KPIs — company-level headline numbers aggregated from the featured projects (project counts, attributable annual production by commodity, attributable resource base by commodity, last filing date, operator share). USD value lines multiply attributable volumes by the resolved snapshot price.
- Portfolio snapshot — one-screen summary of the portfolio: counts by type and status, country mix, reporting standards used, operator share, primary commodity, attributable annual production summary and attributable resource base summary.
- Mining — one row per mining project, with columns for project name, location, status, primary commodities, production (with rating), reserves & resources (with rating), grade (with rating), costs and estimated lifetime. Multi-commodity projects emit one summary row per commodity.
- Oil & Gas — one row per O&G project (typically a field, licence, play or basin asset), with columns for location, status, primary hydrocarbons, production (with rating), reserves & resources (with rating), costs and estimated lifetime.
- Royalty — one row per royalty interest held by the company. Columns cover the underlying project, operator, commodity, commercial terms (rate, type, cap, area-of-interest), attributable production, attributable reserves and estimated lifetime.
- Stream — one row per metal stream held by the company. Each row shows the underlying project, the streamed commodity, the headline stream percentage, the ongoing per-ounce / per-tonne payment, and attributable production / reserves.
- Processing facilities — one row per midstream / processing facility (pipeline, fractionator, LNG train, storage cavern, refinery, smelter, mill, heap-leach pad, CPP, etc.). Columns include nameplate capacity, contracted capacity, feedstock commodities and operational footprint.
- Development — projects in development status or in a pre-production lifecycle phase. The production column is re-labelled 'Targeted production (rating)' to highlight that the figures are plans, not actuals.
- Portfolio Aggregate — a single company-level row used when the company itself publishes a portfolio rollup (e.g. company-wide 2P barrels across all properties).
- Reserves & resources — detail — a leaf-category pivot showing every reserve and resource category disclosed across the projects.
- Reserves walk — gross (disclosed) — year-by-year reconciliation of the opening balance to the closing balance, broken into Extensions & discoveries, Revisions, Improved recovery, Purchases, Divestitures, Production and Conversion to developed.
- Reserves walk — net change by year — per-year summary of net additions and net deductions across the portfolio.
- NPV (grouped) — all NPV rows captured from the filings, grouped by commodity, resource category, development status and pricing case. Each NPV figure is shown with its discount rate, basis (before-tax / after-tax), currency and value scale.
Ownership / Working interest
- Ownership percentage means the company's working-interest share of the asset: its slice of the project before royalties and before government take. It is shown on a 0–100 scale.
- Mines, oil and gas fields, and processing facilities — this is how much of the asset belongs to the company under that working-interest idea. One hundred percent is fully owned; a lower number usually means partners share the rest.
- Royalties and streaming agreements — the percentage is often not the story; what matters economically is usually the royalty or stream rate, shown elsewhere alongside these figures.
- Oil and gas — read this as gross working interest only. Do not treat it as net production or net wells after royalties; when filings distinguish gross from net, that shows up in how the resource numbers themselves are labelled.
- Below 100% — the short summary for each project names other owners and their stakes when the source says who they are.
- NRI vs WI (O&G). Working interest (WI) is the obligation to pay a share of costs; net revenue interest (NRI) is the share of revenue after royalties and overriding-royalty interests. A 100% WI well rarely produces 100% NRI; typical onshore U.S. NRI is 75–87.5% of WI depending on the lease royalty.
- Operator vs non-operator. The operator runs day-to-day operations; non-operating partners pay their WI share of costs but do not run the asset. Some Portfolio rows show operator share where disclosed.
- Consolidation method — how the issuer accounts for the asset. Separate from how much the company owns (ownership %) and who operates it, this accounting treatment decides whether an asset's figures sit inside the company's reported group totals or are stripped out to a single net line. It applies to operating assets (mines, oil & gas fields, processing facilities) and is left blank for royalties, streams, and company-level portfolio rollups.
- Consolidated — the company controls the asset and includes 100% of its figures in the group total; the portion it does not own is carried as a non-controlling interest (NCI). Control is not the same as a majority, so a company can consolidate an asset it holds less than half of. Where ownership is below 100%, the Portfolio shows the NCI percentage (100 minus the company's stake).
- Proportionate — a jointly-operated asset the company includes at its own share, line by line; the share is inside the group total.
- Equity method — an associate or joint venture shown on a single net line, with its revenue excluded from the group total. This is the usual reason a company's reported total is smaller than the sum of its individual assets; the Portfolio flags the share of a commodity total that is equity-accounted.
- Cost / other — a passive or fair-value holding, excluded from the group total.
Unit codes, conversion cheat sheets, cost benchmarks (AISC, C1–C3), reporting standards (NI 43-101, JORC, SEC S-K 1300) and resource/reserve category definitions live in the full terminology & units reference.
Each table lists the numeric band for scores 1–5 (production and resource base; grade where applicable for mining commodities) using the same thresholds as project rating stat cards. Only commodities that appear on featured projects for this document are listed.
Gold
Copper
Nickel
Cobalt
Iron
Uranium
Coal
Copper uses kt Cu bands; lb-scale copper resources are converted to kt. Lithium grade uses hard-rock % Li₂O bands unless brine-style extraction or brine units appear on featured projects.
Assumptions
- Presented values are denominated in currency of the country where the company is headquartered. Values like market capitalization might differ from the values visible in other parts of the page, where the currency is always USD.
This company
Commodity guides
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