Elcora Advanced Materials Expands scope to include Battery Cell Metals
13 October 2021 - 11:00PM
ELCORA ADVANCED MATERIALS CORP. (TSX.V:ERA | Frankfurt:ELM
| OTCQB – ECORF), (the "Company" or
"Elcora"), is pleased to announce it has begun a
search for advanced metal mining projects to enhance both its
mining and energy storage solutions adding additional markets
beyond its graphite-based Li-ion technologies.
Elcora has about nine years experience in the
graphite industry including mining and processing and graphene
production. In addition, Elcora has almost eight years of
experience in the battery space, including thermal purification and
spheronization of graphite, anodes, and the production and testing
of coin cells in a full battery testing laboratory. The company
plans on expanding its graphite access by sourcing one, or more
graphite deposits using the near-term criteria of approximately two
years to production.
The company is pleased to announce that it will
be, also, using this battery and mining expertise to bring cathode
metals into production, along the same timelines, to become a
vertically integrated supplier of energy storage materials.
Elcora’s combination of mining experience and
battery testing capabilities means that it is not limited to
graphite, graphene and Li-ion battery applications. In fact, many
applications remain where Li-ion is not the ideal energy storage
solution. Specifically, problems like thermal runaway and
sensitivity to operating temperature have been mitigated but not
eliminated in Li-ion cell architectures. Further, the cost and
relative rarity of elements like cobalt (used in Li-ion cathodes)
may represent constraints on long-term and widespread adoption.
Li-ion battery chemistries therefore represent a compromise between
power capabilities, energy density, safety, material cost and
availability.
In view of this, Elcora is pleased to expand in
scope to explore materials and applications where graphite-based
Li-ion batteries remain insufficient or unappealing.
Commented Troy Grant, CEO, “We have spent the
last couple of years researching and developing through the help of
Federal grants and strategic relationships, the processing methods
and specifics for graphite anode powder and graphene conductivity
ideally suited for energy markets. Our team is in discussion
with various end users seeking supply agreements. As part of
our expanding goal to become a serious player in the energy space,
we do not want to ignore the importance of other metals in energy
storage. We want to ensure that Elcora is well-positioned to
contribute in the development of increasingly relevant energy
storage solutions and materials, beyond and in addition to
graphite-based Li-ion technologies.”
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 both
graphite & graphene as well as other material and
ore. As part of the vertical integration strategy Elcora
has developed a cost-effective process to make high-quality
graphite, graphite products and graphene that are commercially
scalable. This combination means that Elcora has the tools and
resources for graphite and graphene vertical integration.
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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