Elcora Advanced Materials Corp. Builds Anode and Battery Testing Facility
HALIFAX, April 6, 2017 - Elcora Advanced Materials Corp. (TSXV: ERA) (FSE: ELM) (OTCQB: ECORF), (the "Company" or "Elcora"), is pleased to announce that the Company is building a state-of-the-art Lithium Ion ("Li-ion") battery research and development laboratory Halifax, Nova Scotia. The lab will focus on quality control and developing Elcora's graphite anode powder for Li-ion batteries.Graphite powder will be routinely tested using industry standard cells to ensure the coulombic efficiency, reversible capacity, first-cycle loss and rate capabilities of the product are within Elcora's specifications. These traceable results will give customers confidence in Elcora's materials and their reliable performance.
The research and development laboratory will test graphite from multiple sources anywhere within the supply chain; directly from the mine, processed, or refined graphite, and convert it into fully functional Li-ion batteries. Our capabilities include: mineral processing, refining, graphite particle size reduction and sizing, spheronization, purification, electrode slurry mixing, electrode slurry coating, drying, slitting, cell fabrication, cell testing and advanced electrochemical analysis.
Having a research and development laboratory in-house will provide a short turn-around cycle of evaluation. This will allow the improvement and optimization of our manufacturing processes throughout our supply chain and to verify a consistent high quality product.
"The establishment of the anode and battery laboratory will give Elcora the ability to quickly turn-around testing and evaluation of multiple sources of graphite throughout the supply chain as well as providing accurate performance details for clients", said Troy Grant, Elcora's President & CEO, in addition "this capability will give Elcora a strategic advantage both in its production and its marketing".
The Company also announce that further to the February 2, 2017 news release, the Board of Directors of Elcora did not issue the 2,000,000 stock options (exercisable at $0.35 for 4 years) that were granted to certain officers, directors and consultants to the Company.
Ian Flint, Ph.D., P.Eng., is the Qualified Person as defined under NI 43-101 who has reviewed and is responsible for the technical information presented in this news release.
About Elcora Advanced Materials
Elcora was founded in 2011 and has been structured to become a vertically integrated graphite & graphene company that mines, processes, refines graphite, and produces both the graphene and end user graphene applications. As part of the vertical integration strategy, Elcora has secured high-grade graphite and graphene precursor graphite from its interest in the operation of the Ragedara mine in Sri Lanka which is already in production. Elcora has developed a unique low cost effective processes to make high quality graphite 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
F: +1 902 446-2001.
CAUTIONARY STATEMENT:
The TSX Venture Exchange does not accept 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.
SOURCE: Elcora Advanced Materials