Elcora Announces Revocation of Management Cease Trade Order
Elcora Advanced Materials announces that the Nova Scotia Securities Commission (NSSC) has lifted the Management Cease Trade Order (MCTO) previously granted on July 30, 2024. The removal comes after the company successfully completed all required filings for its Annual and Interim Financials on SEDAR+ on October 29, 2024. This action allows the company's CEO, CFO, and directors to resume trading Elcora's common shares. The company, founded in 2011, operates as a vertically integrated battery material company focused on processing, refining, and producing battery-related minerals and metals.
Elcora Advanced Materials annuncia che la Commissione dei Titoli della Nuova Scozia (NSSC) ha revocato l'Ordine di Divieto di Commercio della Direzione (MCTO) precedentemente concesso il 30 luglio 2024. La rimozione è avvenuta dopo che l'azienda ha completato con successo tutte le registrazioni richieste per i suoi Bilanci Annuali e Intermedi su SEDAR+ il 29 ottobre 2024. Questa azione consente al CEO, al CFO e ai direttori della società di riprendere il commercio delle azioni ordinarie di Elcora. Fondata nel 2011, l'azienda opera come una società di materiali per batterie a integrazione verticale, concentrandosi sulla lavorazione, raffinazione e produzione di minerali e metalli legati alle batterie.
Elcora Advanced Materials anuncia que la Comisión de Valores de Nueva Escocia (NSSC) ha levantado la Orden de Suspensión de Comercio de la Dirección (MCTO) otorgada anteriormente el 30 de julio de 2024. La eliminación se produce después de que la empresa completara con éxito todos los documentos requeridos para sus Estados Financieros Anuales e Intermedios en SEDAR+ el 29 de octubre de 2024. Esta acción permite al CEO, al CFO y a los directores de la compañía reanudar el comercio de las acciones comunes de Elcora. Fundada en 2011, la empresa opera como una compañía de materiales para baterías de integración vertical enfocada en el procesamiento, refinación y producción de minerales y metales relacionados con baterías.
Elcora Advanced Materials는 노바스코샤 증권 위원회(NSSC)가 2024년 7월 30일에 부여된 경영 거래 중단 명령 (MCTO)를 해제했다고 발표했습니다. 이 제거는 회사가 2024년 10월 29일 SEDAR+에 대한 연간 및 중간 재무 보고서를 성공적으로 제출한 후 이루어졌습니다. 이 조치는 회사의 CEO, CFO 및 이사가 Elcora의 보통주 거래를 재개할 수 있도록 합니다. 2011년에 설립된 이 회사는 수직적으로 통합된 배터리 소재 회사로, 배터리 관련 광물 및 금속을 가공, 정제 및 생산하는 데 집중하고 있습니다.
Elcora Advanced Materials annonce que la Commission des valeurs mobilières de la Nouvelle-Écosse (NSSC) a levé l'Ordonnance d'Interdiction de Commerce de la Direction (MCTO) précédemment accordée le 30 juillet 2024. La levée intervient après que l'entreprise ait réussi à compléter tous les dépôts requis pour ses états financiers annuels et intermédiaires sur SEDAR+ le 29 octobre 2024. Cette action permet au PDG, au CFO et aux directeurs de la société de reprendre le commerce des actions ordinaires d'Elcora. Fondée en 2011, l'entreprise opère en tant que société de matériaux pour batteries à intégration verticale, se concentrant sur le traitement, le raffinage et la production de minéraux et de métaux liés aux batteries.
Elcora Advanced Materials gibt bekannt, dass die Nova Scotia Securities Commission (NSSC) die zuvor am 30. Juli 2024 erteilte Management-Handelsverbot-Ordnung (MCTO) aufgehoben hat. Die Aufhebung erfolgt, nachdem das Unternehmen alle erforderlichen Einreichungen für seine Jahres- und Zwischenabschlüsse am 29. Oktober 2024 erfolgreich auf SEDAR+ abgeschlossen hat. Diese Maßnahme ermöglicht es dem CEO, CFO und den Direktoren des Unternehmens, den Handel mit den Stammaktien von Elcora wieder aufzunehmen. Das 2011 gegründete Unternehmen fungiert als vertikal integriertes Batterie-Materialunternehmen, das sich auf die Verarbeitung, Raffinierung und Produktion von batterierelevanten Mineralien und Metallen konzentriert.
- Lifting of Management Cease Trade Order enables executives to resume trading
- Company is now compliant with financial filing requirements
- Successful completion of Annual and Interim Financial filings
- Previous trading restrictions indicate regulatory compliance issues
- Delayed financial filings suggest potential internal control weaknesses
HALIFAX, Nova Scotia, Nov. 01, 2024 (GLOBE NEWSWIRE) -- ELCORA ADVANCED MATERIALS CORP. (TSX.V:ERA | Frankfurt:ELM | OTCQB – ECORF), (the "Company" or "Elcora"), announces that the Company’s principal regulator, the Nova Scotia Securities Commission (“NSSC”), has lifted the Management Cease Trade Order (“MCTO”) it had previously granted to the Company on July 30, 2024, under National Policy 12-203, as the Company has now successfully completed all requisite filings for its Annual Financials and Interim Financials. Revoking the MCTO means the CEO, CFO, and directors of the Company are no longer prevented from trading the Company's common shares.
The Company’s Annual Financials and Interim Financials were filed on SEDAR+ on October 29, 2024, as noted in the Company’s previous news release, and are publicly available on sedarplus.ca.
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:
For further information please contact: Troy Grant, Director, President & CEO, Elcora Advanced Materials Corp., T: +1 902 802-8847
Qualifying Statements: Klaus Leiders P. Eng., a qualified person as defined by National Instrument 43-101, approves the technical information contained in this news release.
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.
FAQ
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