ELCORA ADVANCED MAT ORD - ECORF STOCK NEWS

Elcora Advanced Materials Corp. (OTCQB: ECORF) has signed a binding agreement granting exclusive long-term mining production rights for a 16 km² manganese mining concession in Morocco through its subsidiary, Ermazon SARL. Previously mined before COVID-19, this concession had a production rate of approximately 2,500 metric tonnes/month. Combined with its own Atlas Fox Deposit, Elcora's total manganese production capacity exceeds 5,000 metric tonnes/month. Manganese is increasingly important for steel production and renewable energy technologies, particularly in lithium-ion batteries. This expansion is expected to create economic opportunities in the local community.

Elcora Advanced Materials Corp. (OTCQB: ECORF) announced its plan to extend the expiry date of 58,393,700 share purchase warrants by one year. Initially set to expire on March 23, 2023, and April 8, 2023, the new expiry dates will be March 23, 2024, and April 8, 2024, respectively. These warrants are exercisable at $0.20 per share and were issued during a private placement in September and October 2021. The extension is pending approval from the TSX Venture Exchange, while all other terms and conditions remain unchanged. Elcora aims to become a vertically integrated battery material company, focusing on the processing and production of battery-related minerals.

Elcora Advanced Materials Corp. (OTCQB: ECORF) has received a Manganese Exploitation License from the Moroccan government for its Atlas Fox Deposit, covering 16 km². The mining operation, initially planned as open-pit, is expected to yield approximately 2,500 metric tonnes of Manganese per month. Tested Manganese samples showed concentrations between 16% and 50%, averaging 34%. Manganese is crucial for steel production and batteries used in electric vehicles. As demand for electric vehicles grows, the need for Manganese is expected to rise, potentially driving Elcora's growth and contributing to local economic development in Morocco.

Elcora Advanced Materials Corp. (OTCQB: ECORF) reported on its 2022 achievements and outlines strategic plans for 2023. Focused on the battery value chain, the company aims to leverage its expertise in graphite and battery technology while expanding into battery-grade minerals, including recent acquisitions in Morocco for vanadium and manganese. Elcora’s Atlas Fox Deposit is poised for production in 2023, leveraging positive lab results. Additionally, the firm is exploring vanadinite resources for energy storage solutions, anticipating growing demand due to the shift towards renewable energy and EV markets.

Elcora Advanced Materials Corp. (OTCQB: ECORF) announces its membership in the Critical Minerals Institute (CMI), enhancing its engagement with industry leaders in battery materials and defense metals. This partnership aims to address industry challenges and promote Elcora's brand through collaboration and communication of key initiatives. Additionally, the company has granted stock options to directors, officers, and consultants for 10,200,000 shares at $0.05 each, subject to regulatory approvals. Founded in 2011, Elcora is focused on becoming a vertically integrated company in the battery materials sector.

Elcora Advanced Materials Corp. has announced the rescind of its Option Agreement with Gold Lion to purchase up to 50% interest in the Atlas Fox Deposit manganese concession in Morocco. This decision allows Elcora to retain 100% ownership of the mineral rights, following positive lab test results for manganese ore. Heavy machinery is being transported to the site to expedite production, with an aim to commence operations by the end of 2022. Elcora is also returning 5 million common shares and a cash payment of $75,000 to Gold Lion as part of this agreement.

Elcora Advanced Materials Corp. (ECORF) announced promising lab test results for its Atlas Fox manganese concession in Morocco, with manganese masses ranging from 16% to 50% and an average of 34%. The mining area is easily accessible, and production is anticipated to reach approximately 2,500 metric tonnes per month. Manganese's critical role in electric vehicle batteries aligns with a growing demand driven by climate policies. CEO Troy Grant stated these results exceed buyer expectations and affirm the company's revenue growth strategy.

Elcora Advanced Materials Corp. (OTCQB: ECORF) has signed a Mineral Option Agreement with Gold Lion Resources Inc. for a Manganese mining license in Morocco. Gold Lion will acquire a 25% interest by paying $75,000 and issuing 5,000,000 shares valued at $250,000. Elcora plans to use proceeds to commence ore production following the grant of an exploitation license. Gold Lion has options to increase its stake, and Elcora will manage mining operations, receiving 20% of pre-tax profits. This venture targets the growing demand for Manganese in battery production, particularly for electric vehicles.

Elcora Advanced Materials Corp. (ECORF) announced a letter of intent with Gold Lion Resources Inc. to exploit a Manganese mining license in Morocco. Gold Lion will acquire a 50% interest in the property, while Elcora plans to use the proceeds for ore production once the exploitation license is granted. The site, a former French mine, has significant infrastructure and raw ore ready for processing. The transaction terms include cash payments totaling $250,000 and share issuances, subject to regulatory approval. This development aligns with Elcora's strategy to supply battery metals amid rising demand for EVs.