Elcora Reveals Lithium Ion Battery Anode Strategy
Mittwoch, 17.08.2016 15:35 von DGAP
DGAP-News: Elcora Advanced Materials / Key word(s): Miscellaneous
Elcora Reveals Lithium Ion Battery Anode Strategy
17.08.2016 / 15:32
The issuer is solely responsible for the content of this announcement.
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Halifax, Nova Scotia--(Newsfile Corp. - August 17, 2016) - Troy Grant,
President and CEO of ELCORA ADVANCED MATERIALS CORP. (TSXV: ERA) (OTCQB:
ECORF) (FSE: ELM), (the 'Company' or 'Elcora'), is pleased to announce that
that the company has developed proprietary technology in order to reduce or
eliminate several stages of the lithium ion battery anode manufacturing
process. This technology has the potential to eliminate most of the
graphite preparation stages prior to incorporation into anodes.
'With the significant increases in the electric car market over the next
ten years this is an exciting focus on downstream technologies to maximize
value, says Troy Grant, Elcora's CEO.'
The traditional method of graphite preparation for anodes includes
spheronization, purification and coatings. The Elcora processes are
designed to reduce or eliminate each of these stages with the goal of
reducing the carbon and energy footprint of the anodes and to reduce costs.
The company is in the process of sourcing from several mines in order to
minimize supply risks and to ensure sufficient volume to supply the lithium
ion battery anode market and worldwide giga factories. Tests are currently
underway with industry experts to prove the technology and to design a
production facility.
'This move is part of Elcora's vertical integration strategy of added value
processing to maximize returns to shareholders,' said Troy Grant, Elcora's
President and CEO.
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 and
CEO, Elcora Resources Corp., T: 902 802-8847 F: 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.
Click on, or paste the following link into your web browser, to view
the associated documents
http://www.newsfilecorp.com/release/22152
News Source: Newsfile
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17.08.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: Elcora Advanced Materials
Canada
ISIN: CA2844451039
End of News DGAP News Service
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493633 17.08.2016