Ecora Resources acquires Vizcachitas copper project in Chile, from Los Andes Copper Ltd. for US$20M
Date Closed
August 2, 2023
Lead Office
Vancouver
Value
20.00 Million USD
On August 2, 2023, Ecora Resources PLC ("Ecora") and Los Andes Copper Ltd. ("Los Andes") entered into a royalty agreement ("Royalty") for a total cash consideration of US$20 million. The Royalty was calculated over the sale of all minerals produced from Los Andes’ Vizcachitas Project in Chile (“Project”). Ecora will receive royalty payments calculated as 0.25% Net Smelter Royalty (“NSR”) on minerals sold on open pit operations and 0.125% NSR on underground operations. The Royalty agreement is in addition to the existing NSRs in place on the Project, consisting of a 2% NSR for open pit operations and a 1% NSR on underground operations.
Ecora is a leading royalty company focused on supporting the supply of commodities essential to creating a sustainable future.
McCarthy Tétrault assisted Ecora with a team led by Shawn Doyle that included Adam Wanke, Xinya Wang and Pedram Gholipour (Business).
