Elcora's Subsidiary Ermazon Achieves Milestone: Debut of Manganese Ore Mining and Delivery, Secures Future Orders, and Expands Mining Operations
August 23 2023 - 8:00AM
ELCORA ADVANCED MATERIALS CORP. (TSX.V:ERA | Frankfurt:ELM
| OTCQB – ECORF), (the "Company" or
"Elcora"), proudly announces a significant achievement through
its wholly owned Moroccan subsidiary, Ermazon SARL. Ermazon has
successfully marked its debut in the mining and delivery of
manganese ore to esteemed clients, securing future orders, and
unveiling plans to expand its mining operations to new sites.
This accomplishment signifies a pivotal moment
in Elcora's strategic growth and operational excellence. The
successful initiation of manganese ore mining and delivery by
Ermazon SARL demonstrates the company's commitment to meeting the
increasing demands of the market while upholding the highest
industry standards. Elcora has started generating revenues during
Q2 of its current fiscal year.
"We are thrilled to announce Ermazon SARL's
successful entry into the manganese ore mining sector," said Troy
Grant, CEO of Elcora. "This achievement underscores our dedication
to delivering high-quality products to our clients and expanding
our presence in the global market."
Ermazon SARL's strong market entry is further
reinforced by the securing of future orders, indicating a promising
trajectory for the subsidiary's growth and profitability. This
achievement reflects the confidence and trust that clients have in
Elcora's commitment to excellence.
Looking ahead, Ermazon SARL is actively
advancing its operations by developing additional mining sites.
This strategic move underscores Elcora's long-term vision of
sustainable growth and its dedication to responsible resource
development.
"Expanding our mining operations to new sites is
a testament to our focus on innovation, operational efficiency, and
environmental stewardship," added Troy Grant. "We are committed to
harnessing the potential of these sites while adhering to the
highest environmental and social standards."
Elcora remains committed to leveraging its
expertise and resources to contribute positively to the global
industry and local communities. Through Ermazon SARL's
achievements, the company aims to solidify its position as a
leading player in the manganese ore sector while fostering economic
development and environmental sustainability.
About Elcora Advanced Materials Corp.
Elcora was founded in 2011 and has been
structured to become a vertically integrated battery material
company. Elcora can process, refine, and produce battery related
minerals and metals. As part of the vertical integration strategy
Elcora has developed a cost-effective process to purify
high-quality battery metals and minerals that are commercially
scalable. This combination means that Elcora has the tools and
resources for vertical integration of the battery minerals and
metals industry.
For further information please visit the
company's website at:
http://www.elcoracorp.com
For further information please contact: Troy
Grant, Director, President & CEO, Elcora Advanced Materials
Corp., T: +1 902 802-8847
CAUTIONARY STATEMENT:
The TSX Venture Exchange does not accept
responsibility for the adequacy or accuracy of this release.
Neither TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this
release. No stock Exchange, securities commission or other
regulatory authority has approved or disapproved the information
contained herein.
This News Release includes certain
“forward-looking statements”. All statements other than statements
of historical fact, included in this release, including, without
limitation, statements regarding potential mineralization and
reserves, exploration results, and future plans and objectives of
Elcora, are forward-looking statements that involve various risks
and uncertainties. There can be no assurance that such statements
will prove to be accurate and actual results and future events
could differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ
materially from Elcora’s expectations are exploration risks
detailed herein and from time to time in the filings made by Elcora
with securities regulators.
Investors are cautioned that, except as
disclosed in the filing statement prepared in connection with the
transaction, any information released or received with respect to
the transaction may not be accurate or complete and should not be
relied upon.
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