Elcora's Subsidiary Ermazon Expands Geological Vanadinite Survey with Spectral Analysis and a Newly Hired Team of Geologists
August 24 2023 - 8:00AM
ELCORA ADVANCED MATERIALS CORP. (TSX.V:ERA | Frankfurt:ELM
| OTCQB – ECORF), (the "Company" or "Elcora"), is
pleased to announce a significant expansion of its Vanadinite
survey operations. This expansion includes the implementation of
cutting-edge spectral analysis techniques and the addition of a
highly skilled team of geologists.
Vanadinite, a mineral rich in Vanadium and Lead,
is of increasing interest due to its applications in energy
storage, metallurgy, and other industrial processes. Ermazon SARL,
a wholly owned subsidiary of Elcora, recognizes the growing
importance of vanadium in the global economy and is committed to
providing comprehensive geological data and insights to support
sustainable resource development.
The key highlights of Ermazon's expansion are as
follows:
1. Spectral Analysis Technology:
Ermazon has invested in state-of-the-art
spectral analysis technology, enhancing its ability to identify and
assess Vanadinite deposits with unprecedented precision. This
advanced technology allows for remote sensing and detailed
mineralogical analysis, significantly improving the accuracy and
efficiency of their geological surveys over its 17 Vanadinite
Research Permits covering an area of 272 km2.
2. Expert Geology Team:
Ermazon is proud to welcome a team of seasoned
geologists with extensive experience in mineral exploration and
resource assessment. These professionals bring a wealth of
knowledge and expertise to the company, further strengthening
Ermazon's capabilities in geological surveying.
3. Sustainable Resource Development:
Ermazon is committed to sustainable resource
development practices. The company's expanded Vanadinite survey
operations will prioritize environmental stewardship, community
engagement, and adherence to ethical mining standards, ensuring
that vanadium resources are harnessed responsibly and for the
benefit of all stakeholders.
4. Future Growth Prospects:
With the expansion of its Vanadinite survey
operations, Ermazon is well-positioned to capitalize on the growing
demand for Vanadium and Lead in various industries, including
renewable energy and steel manufacturing. The company's commitment
to excellence and sustainability will drive its future growth and
success.
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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