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Elcora Advanced Materials Corp. (ECORF) has released its NI 43-101 Technical Report and First Resource Report for the Atlas Lion Vanadinite Polymetallic Deposit. The report confirms the presence of 772,000 tonnes of mineral, with 463,000 tonnes as indicated resources. Average concentrations of 36.52% Lead and 4.125% Vanadium have been identified. The company aims to develop a mining and processing operation in Morocco, with plans for production in 2022. Current market prices for Lead and Ferro Vanadium suggest a significant revenue opportunity for Elcora, enhancing its position in the battery minerals sector.
Elcora Advanced Materials Corp. (OTCQB: ECORF) announced positive lab results for assays from its Polymetallic Vanadinite Research Licenses in Morocco. The first fifteen assays revealed lead concentrations at 45.1% and vanadium at 6.14%. Further trench samples showed averages of 36.52% lead and 4.125% vanadium, with peaks of 50.76% lead and 6.66% vanadium. CEO Troy Grant highlighted these results surpass initial projections, aligning with market prices for lead ($2168/tonne) and ferro vanadium ($36.75/kg). Elcora aims to commence production in 2022 and is actively aligning with Moroccan regulations.
Elcora Advanced Materials Corp. has acquired seven new Vanadinite licenses in Morocco, increasing its total to 17. This acquisition spans 16 km² each, enhancing Elcora's strategic asset base. The company has initiated exploration activities on two claims, focusing on geological mapping and sampling to prepare a NI 43-101 report. Elcora aims for production by 2022, with CEO Troy Grant emphasizing low-risk growth opportunities. The total area now encompasses about 30,400 hectares, positioning Elcora as a key player in battery minerals and metals.
Elcora Advanced Materials Corp. (OTCQB: ECORF) has begun mobilizing work crews at its newly acquired Moroccan mining operation, encompassing 9 polymetallic/vanadium licenses over 14,400 hectares. With plans to secure an Exploitation mining license, the team, led by experienced geologists, aims for a 500-ton monthly production of Vanadinite. This initiative is positioned to enhance Elcora's role in the renewable energy supply chain and deliver shareholder value. CEO Troy Grant emphasizes the company's commitment to becoming a major player in Morocco's burgeoning battery metal market.