Management Suspension Order Status Update by Elcora
In a recent announcement, Elcora Advanced Materials Corp. (http://www.elcoracorp.com) finds itself under a management cease trade order (MCTO) granted by the Nova Scotia Securities Commission. This order, which took effect on July 30, 2025, is in accordance with National Policy 12-203.
The MCTO has been put in place due to a delay in the filing of Elcora's financial statements and accompanying management's discussion and analysis for the fiscal year ended March 31, 2025. During this period, the CEO, CFO, and directors of the Company are restricted from trading in Elcora's common shares. However, the general public can continue to trade in the Company's listed common shares.
Elcora, founded in 2011, has been structured to become a vertically integrated battery material company. The Company has developed a cost-effective process to purify high-quality battery metals and minerals that are commercially scalable. This innovative process allows Elcora to process, refine, and produce battery-related minerals and metals.
Troy Grant serves as the Chairman and CEO of Elcora. Investors can contact him at +1 902 802-8847 for more information. Klaus Leiders P. Eng. is a qualified person as defined by National Instrument 43-101, approving the technical information contained in this news release.
It is important to note that important factors that could cause actual results to differ materially from Elcora's expectations are exploration risks and those detailed in the filings made by Elcora with securities regulators. Investors are cautioned that any information released or received with respect to a transaction may not be accurate or complete and should not be relied upon.
A cautionary statement is included in this news release, advising that the TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. Elcora encourages investors to consult their own professional advisors for further information regarding the Company and its business activities.
This news release contains forward-looking statements, which involve various risks and uncertainties that could cause actual results to differ materially from those anticipated. The Company is working diligently to finalize the annual audited financials as soon as possible.
