Investor relations

Creating long-term value for our stakeholders

Our vision is to be globally recognised as the royalty company of choice synonymous with commodities that support a sustainable future by continuing to grow and diversify our royalty portfolio in line with our strategy. We will achieve this through building a diversified portfolio of scale over high quality assets that drives low volatility earnings growth and shareholder returns.

Investment case

Attractive growth profile

Our portfolio of royalties in future facing commodities has the potential to grow from generating $27m of portfolio contribution in 2023 to generating over $100m of annual portfolio contribution in the medium term.

Compelling commodity mix

We provide investors with access to a commodity mix that contains minerals and metals such as copper, cobalt and nickel that will be needed in increased quantity if the supply is to meet expected demand growth driven by the energy transition.

High quality partners

We invest the majority of capital into low cost mines primarily located in OECD jurisdictions that are operated by companies including Vale, Capstone Copper, BHP and Rio Tinto.

Operators

Balance sheet flexibility

We refinanced our debt facility in early 2024, increase the potential borrowing capacity to $225m. Furthermore, we have announced a capital allocation framework that appropriately balances deleveraging, growth and shareholder returns.

$225m

Size of Revolving Credit Facilty ($150m) and Accordion ($75m)

$75m

Net debt at end of 2023

Strong sustainability framework

All potential investments are screened against our extensive sustainability criteria before we commit to the transaction. We conduct ongoing monitoring of all of our portfolio investments to make sure the operations continue to meet our ESG standards. Where operators don’t make public disclosure of ESG data then we engage with them and encourage them to adopt best practice.

12.3

Sustainalytics score (low risk)

Proven track record

The current management team has worked together since 2014 and consistently proven its ability to deliver high quality transactions and grow the Company.

Over $400m invested in growth focused future facing commodity assets over past four years.

>$400m

deployed over past four years

The construction of a wind turbine to showcase Ecora's commitment to investing in sustainability

A more sustainable future

We systematically integrate sustainability into our investment decisions and provide capital to the mining sector required to supply the commodities central to a sustainable future. We have a high quality royalty portfolio with exposure predominantly to low cost assets located in OECD jurisdictions, with established mining operators and robust sustainability profiles.

View our sustainability