Ecora Resources PLC (LSE:ECOR, TSX:ECOR, OTCQX:ECRAF) confirmed in a statement the completion of its transaction to acquire a 0.25% Net Smelter Return royalty over all metal production from the open pit of the Vizcachitas copper project in Chile.
Vizcachitas is owned by Los Andes Copper, has an estimated 26-year life and is due to come online in 2029. The royalty was acquired for US$20 million.
Ecora last month described it as a rare opportunity to acquire a royalty over one of the world's largest undeveloped copper projects located in a well-established mining jurisdiction.