공시 • Apr 18
Elcora Advanced Materials Corp Reports High-Grade Vanadium-Lead Mineralisation from Surface Samples in Morocco Elcora Advanced Materials Corp. provided an update on its vanadium surface sampling program in the kingdom of Morocco and an overview of its strategic positioning as it advances into 2026. Vanadium grades of approximately 4–5% were reported from selected surface samples — materially above the global industry average of below 1% V2O5. Lead at approximately 33% average in surface vanadinite samples, subject to future metallurgical test work and economic evaluation. Surface sampling program was conducted by Elcora on the Tissaf property (rock samples from one research permit), with samples collected directly from the mineralized zones. Sample weights range from approximately 1.32 kg to 3.05 kg. The analytical results from seven samples collected, including one reference sample (BARYTIN1) and six primary field samples (PF1 to PF6) indicating a significant Lead and Vanadium concentration. Vanadium values are significant, ranging from 3.76% to 5.52%. Lead grades are high in the mineralised surface samples, ranging from 25.26% Pb to 37.69% Pb. The reference sample BARYTIN1 shows negligible lead content (0.03%). Further exploration and technical evaluation are required to determine the continuity, extent, and economic significance of the mineralization. No mineral resources or reserves have been defined, and no economic analysis has been started. Indicative vanadium grades of 4–5% from surface sampling represent a significant premium to global norms and, subject to further technical studies, may have meaningful implications for processing efficiency and project economics. Higher-grade feedstock may also be relevant to Vanadium Redox Flow Battery (VRFB) applications, where vanadium electrolyte represents a significant component of total system cost. The Company has not yet completed studies demonstrating commercial viability, and any future development remains subject to additional technical, regulatory, and economic evaluation. Sampling and analytical results to date indicate the presence of lead in surface samples, with reported values of approximately 32% Pb, interpreted to be primarily associated with vanadinite. Further metallurgical testing will be required to confirm recoveries, scalability, and commercial applicability. All surface samples from Tissaf property were collected and submitted by Elcora for preparation and assaying to African Laboratory for Mining and Environment (“Afrilab” – SGS Certified) in Marrakech, Morocco. All samples were analyzed for silver, Lead, Vanadium, copper, iron, zinc, tin, molybdenum and other elements using Aqua regia digestion followed by atomic absorption spectroscopy (“AAS”). No QA/QC samples were included in this sampling program. 공시 • Feb 17
Elcora Advanced Materials Corp., Annual General Meeting, Apr 21, 2026 Elcora Advanced Materials Corp., Annual General Meeting, Apr 21, 2026. 공시 • Feb 12
Elcora Advanced Materials Corp. announced that it has received CAD 2.999041 million in funding On February 12, 2026, Elcora Advanced Materials Corp. closed the transaction. The company issued 6,242,005 units at a price of CAD 0.12 per unit for gross proceeds of CAD 749,040.6 in its third and final tranche. One of the Company’s Directors participated in the Offering and acquired a total of 2,000,001 Units for total gross proceeds of approximately CAD 240,000. New Risk • Jan 27
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 48% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Negative equity (-CA$2.9m). Earnings have declined by 6.6% per year over the past 5 years. Shareholders have been substantially diluted in the past year (48% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$4.54m market cap, or US$3.33m). Minor Risk Share price has been volatile over the past 3 months (19% average weekly change). 공시 • Jan 24
Elcora Advanced Materials Corp. announced that it expects to receive CAD 3 million in funding Elcora Advanced Materials Corp. announced private placement of 25,000,000 Units at CAD 0.12 per unit for gross proceeds of CAD 3,000,000 on January 23, 2026. Each Unit will consist of one common share and one share purchase warrant. Each Warrant will be exercisable for an additional share at a price of CAD 0.16 for a period of twenty four months from issuance. No finder’s fees will be paid with respect to this Offering. On the same day the company issued 8,158,333 units at a price of CAD 0.12 per Unit for gross proceeds of approximately CAD 978,999.96 in its first tranche. One of the Company’s Directors participated in the first tranche of the Offering and will acquire an aggregate of 1,183,334 Units. All securities issued pursuant to the offering will be subject to a statutory hold period of four months plus a day from issuance in accordance with applicable securities laws. Closing of the Offering is subject to receipt of all necessary regulatory approvals and final acceptance by the TSX Venture Exchange. New Risk • Sep 28
New major risk - Revenue and earnings growth Earnings have declined by 6.9% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$363k free cash flow). Negative equity (-CA$2.6m). Earnings have declined by 6.9% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$1.96m market cap, or US$1.41m). 