HALIFAX, Nova Scotia, June 20, 2023 (GLOBE NEWSWIRE) -- ELCORA ADVANCED MATERIALS CORP. (TSX.V:ERA | Frankfurt:ELM | OTCQB – ECORF), (the "Company" or "Elcora"), is proud to announce that it has successfully delivered its first order for 500 metric tons of 37% + high-quality Manganese from Morocco.

The delivery of this first order marks a significant milestone for Elcora Advanced Materials Corp. The Company has established itself as a reliable and innovative supplier in the advanced materials market, and this latest development highlights its continued commitment to meeting the evolving needs of its clients.

"We are excited to have delivered our first Manganese order from Morocco," said Troy Grant, CEO of Elcora Advanced Materials Corp. "This achievement further demonstrates our ability to expand our product offering and bring value to our clients."

Elcora's advanced materials are used in a variety of applications, including battery technology, aerospace, automotive, and construction. With the addition of Manganese to its product line, Elcora is well-positioned to meet the growing demand for advanced materials in these and other industries.

The Company's ability to secure and deliver high-quality Manganese ore underscores its commitment to providing its clients with the advanced materials they need to stay ahead of the competition.

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.