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.