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Elcora Advanced Materials Provides 2023 Update
HALIFAX, Nova Scotia, March 02, 2023 (GLOBE NEWSWIRE) -- ELCORA ADVANCED MATERIALS CORP. (TSX.V:ERA | Frankfurt:ELM | OTCQB – ECORF), (the "Company" or "Elcora"
About this update from Elcora Advanced Materials Corp.
[{"type":"text","content":" HALIFAX, Nova Scotia, March 02, 2023 (GLOBE NEWSWIRE) -- ELCORA ADVANCED MATERIALS CORP. (TSX.V:ERA | Frankfurt:ELM | OTCQB – ECORF), (the \"Company\" or \"Elcora\"), is pleased to share its year 2022 accomplishments and plans for the year 2023. Corporate Plans and Objectives Elcora Advanced Materials' goal is to be a globally competitive extractor and processor of battery-grade minerals and metals, focused on emerging opportunities in the global battery value chain. Elcora is well-positioned to establish itself as a leader in battery material with both known metal deposits and untapped mineral sites with great potential. The Company’s mandate is focused on the global battery value chain. More specifically, we plan on both extracting and processing battery-grade minerals and metals from current projects and apply them to proprietary energy storage applications. Elcora’s expertise and experience in Graphite, Graphene and Li-Ion battery applications developed over the last decade will be combined with additional battery metal opportunities. Battery technologies are integrated into complex and rapidly growing global industries that provide solutions for the electrification of transportation, consumer electronics, industrial automation and stationary energy storage for utility-scale, micro-grid, and behind-the-meter power applications. Battery adoption stretches across established and emerging sectors, from mining and transportation to renewable energy. During the second half of 2021, the Company began a search for a battery metals mining project to enhance both its mining and energy storage solutions by adding additional markets beyond its graphite-based li-ion technologies. At the end of 2021, Elcora acquired 100% of ERMAZON S.A.R.L (“ERMAZON”) which owns Vanadium, Copper and Manganese Research Permits / Concessions sites in Morocco. This strategic acquisition supports Elcora’s plan to enhance both its mining and energy storage solutions by adding additional metal markets related to battery technologies. As per the geological features of the country, Morocco is well known for hosting a large number of battery minerals and metals including Vanadium, Lead, Copper, Silver, Cobalt, Gold, Nickel and Manganese resources. The new Moroccan mining code allows for three steps of mining rights: 1) an Exploration Authorization...