Episode Details

LSE: ECOR | TSX: ECOR | OTCQX: ECRAF Recorded: February 23, 2026 Ecora Royalties CEO Marc Bishop Lafleche joins Andy Millette to explain how Ecora has shifted from a legacy coal-heavy mix to a copper-led, critical-minerals royalty portfolio. Marc breaks down why copper is ~50% of portfolio value today (estimated NAV), what made 2025 a “landmark year” (including ~$57M portfolio contribution), and how the company thinks about “layering” growth through producing royalties/streams plus upcoming milestones. We also cover why royalties can benefit from top-line growth even as mine build costs inflate—and what operating leverage looks like in a lean royalty…