Incoa, Dominican Republic / Calcium carbonate
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The Incoa Project consists of a calcium carbonate mine and associated infrastructure in the Dominican Republic and a processing facility located in Mobile, Alabama.
Development
Calcium carbonate
Incoa
Dominican Republic/USA
Royalty rate and type
~1.23% GRR
Balance sheet classification
Royalty intangible
Together with Orion Mineral Royalty Fund, in 2020 Ecora entered into a financing agreement with Incoa Performance Minerals LLC. Under this agreement Ecora may contribute $20m to Incoa’s calcium carbonate mine in the Dominican Republic and processing facility in Alabama, US, following construction completion and a number of other conditions precedent, in exchange for ~1.23% of gross revenue from the project.
The operational conditions required to trigger Ecora’s $20m funding are not expected to be met in 2026.