Ecora CEO discusses Voisey's Bay expansion and cobalt outlook

Proactive - Interviews for investors

Ecora Resources CEO Marc Bishop Lafleche spoke with Proactive's Stephen Gunnion about the company's cobalt stream investment at Voisey's Bay in Canada and the production ramp-up timeline. Following a trip by Ecora's team to Voisey's Bay, operated by Vale, Lafleche highlighted Ecora's entitlement to nearly 23% of the cobalt production from the mine, which initially started as an open-pit operation and is now transitioning underground with significant production increases expected by 2026. Lafleche shared that Ecora anticipates a substantial rise in cobalt deliveries from 11 in 2023 to 40 per year at full production—nearly a 400% increase. He mentioned that the Eastern Deeps underground ore body will see ramped-up production from Q4 2024, with full production targets by the end of 2026. Despite the cyclical lows in cobalt pricing, Lafleche expressed optimism, pointing to a market recovery and demand growth. He emphasised that even at low cobalt prices, the Voisey’s Bay stream could generate close to $20 million in annual revenue at full production. Lafleche also praised the professionalism and infrastructure at the mine, noting that the life of the mine could potentially extend beyond current reserves. Visit Proactive's YouTube channel for more videos, and don’t forget to give the video a like, subscribe to the channel, and enable notifications for future content. #EcoraResources #VoiseysBay #CobaltMarket #MiningInvestment #CobaltProduction #ValeMining #MarcBishopLafleche #ProactiveInvestors #MiningUpdates #CommodityPrices #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews