OTC Markets Group Welcomes Ecora Resources PLC to OTCQX
12 Oktober 2022 - 2:00PM
OTC Markets Group Inc. (OTCQX: OTCM),
operator of regulated markets for trading 12,000 U.S. and
international securities, today announces Ecora Resources PLC (LSE:
ECOR; TSX: ECOR; OTCQX: ECRAF), a leading royalty company focused
on supporting the supply of commodities essential to enabling a
sustainable future, has qualified to trade on the OTCQX® Best
Market. Ecora Resources PLC upgraded to OTCQX from the Pink®
market.
Ecora Resources PLC begins trading today on
OTCQX under the symbol “ECRAF.” U.S. investors can find current
financial disclosure and Real-Time Level 2 quotes for the company
on www.otcmarkets.com.
Upgrading to the OTCQX Market is an important
step for companies seeking to provide transparent trading for their
U.S. investors. For companies listed on a qualified international
exchange, streamlined market standards enable them to utilize their
home market reporting to make their information available in the
U.S. To qualify for OTCQX, companies must meet high financial
standards, follow best practice corporate governance and
demonstrate compliance with applicable securities laws.
B. Riley acted as the company’s OTCQX sponsor.
About Ecora Resources PLC
Ecora Resources is a leading royalty company
focused on supporting the supply of commodities essential to
creating a sustainable future.
Our vision is to be globally recognized 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. The mining sector has an essential role to
play in the energy transition, with commodities such as copper,
nickel and cobalt - key materials for manufacturing batteries and
electric vehicles Copper also plays a critical role in our
electricity grids . All these commodities are mined and there are
not enough mines in operation today to supply the volume required
to achieve the energy transition.
Our strategy is to acquire royalties and streams
over low-cost operations and projects with strong management teams,
in well-established mining jurisdictions. Our portfolio has been
reweighted to provide material exposure to this commodity basket
and we have successfully transitioned from a coal orientated
royalty business in 2014 to one that by 2026 will be coal free and
comprised of over 90% exposure to commodities that support a
sustainable future. The fundamental demand outlook for these
commodities over the next decade is very strong, which should
significantly increase the value of our royalty portfolio.
About OTC Markets Group Inc.OTC
Markets Group Inc. (OTCQX: OTCM) operates regulated markets for
trading 12,000 U.S. and international securities. Our data-driven
disclosure standards form the foundation of our three public
markets: OTCQX® Best Market, OTCQB® Venture Market and Pink® Open
Market.
Our OTC Link® Alternative Trading Systems
(ATSs) provide critical market infrastructure that broker-dealers
rely on to facilitate trading. Our innovative model offers
companies more efficient access to the U.S. financial markets.
OTC Link ATS, OTC Link ECN and OTC Link NQB are
each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and
SEC registered broker-dealer, member SIPC.
To learn more about how we create better
informed and more efficient markets, visit www.otcmarkets.com.
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Media Contact:OTC Markets Group Inc., +1 (212)
896-4428, media@otcmarkets.com
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