Elcora Changes Its Name to Elcora Advanced Materials Corp
Halifax, Nova Scotia--(Newsfile Corp. - February 3, 2016) - Troy Grant, President and CEO of ELCORA ADVANCED MATERIALS CORP. (OTCQB: ECORF) (TSXV: ERA) (FSE: ELM), (the "Company" or "Elcora"), is pleased to announce that Elcora Resources Corp. has changed its name to Elcora Advanced Materials Corp. As Elcora advances its vertical integration business model in graphite and graphene production, the core business has shifted from mining and exploration to advanced material research and production. Management believes our new name better reflects the core business activities of the company.
Elcora utilizes Sri Lankan graphite produced from the Ragedara mine, which is among the highest grade graphite being mined today anywhere in the world. Our superior raw graphite combined with Elcora's specialized processing technology has produced high quality graphite that is proven to be suitable for the lithium ion battery market and many other technology applications.
In addition, Elcora has commenced incorporating a wholly owned subsidiary with a proposed name-"Graphene Corporation". All of the processing and end-user applications of graphene will be conducted through this newly established corporation. Elcora uses a specialized graphene production process that has produced some of the highest quality graphene seen in the industry to date. Graphene Corp is establishing a specialized graphene R&D facility in Halifax, Nova Scotia, Canada. The opportunities for high quality graphene production and application development are worldwide.
"The management of Elcora is excited about our work plan for 2016", said Troy Grant, "as we continue to work down stream in the vertical process and tailor our graphite and graphene to each specific client we feel our new name best reflects our company's mission and strategic direction. We are motivated and excited to see our material adopted and utilized in many advanced technology applications."
The name change will be effective shortly at the TSX Venture Exchange.
About Elcora Advanced Materials
Founded in 2011, Elcora has been structured to become a vertically integrated graphite & graphene company that mines, processes, refines graphite, and produces both the graphene and end graphene applications.
As part of the vertical integration strategy, Elcora has secured high-grade graphene precursor graphite from its interest in the operation of the Ragedara mine in Sri Lanka. Elcora personnel have developed a unique low cost effective process to make graphene that is commercially scalable. The Elcora team is composed of some of the best process, research and development people both in graphite and graphene. This combination means that Elcora has the tools and resources for graphene vertical integration.
For further information, please visit the company's website at http://www.elcoraresources.com.
For further information please contact: Troy Grant, Director, President and CEO, Elcora Advanced Material Corp., T: 902 802-8847 F: 902 446-2001.
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.
(Not for distribution to US wire services or for dissemination in the United States of America)