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(TSXV: $ERA) (FSE: ELM) (OTCQB: $ECORF): #Battery Companies Begin Testing Elcora Anode #Graphite in Batteries

 

Halifax, Nova Scotia - January 5, 2017 (Newsfile Corp.) (Investorideas.com Newswire) ELCORA ADVANCED MATERIALS CORP. (TSXV: ERA) (FSE: ELM) (OTCQB: ECORF), (the "Company" or "Elcora"), is pleased to announce that independent testing of Elcora anode graphite has been successful and that two battery companies are now testing industry standard 18650 cells made with Elcora graphite."

The results of the independent testing, including the particles size distribution of the graphite (Figure 1), the calender density and tap density.

Figure 1: Elcora spherical graphite anode powder size distribution - d10 = 9.99 µm, d50 = 19.3 µm and d90 = 32.3 µm

The grade of the Elcora purified graphite was determined using PIXE, or proton induced x-ray emission tests, in order to confirm the grade values at the parts per million (ppm) level of accuracy. These results indicate that only chlorine was present at detectable levels. The results are presented below.

Proton Induced X-ray Emission Test Results (PIXE)

The very high purity of the graphite places the graphite as chemical grade. This material is suitable for not just lithium ion batteries but also for other niche industries. PIXE analysis can detect element with atomic weight greater or equal to sodium and up to uranium. Analysis was done by an outside 3rd party testing services company with access to a proton source.

The Elcora spheronized graphite was fabricated into standard 18650 cells. Figure 2 shows the process of making the anode for these batteries.

Figure 2: Lithium ion battery anode being made from Elcora graphite

The batteries were cycled; charged and discharged, while tracking their performance. An example of these results is shown in Figure 3.

Figure 3: Example of cycle tests results using Elcora anodes in 18650 cells.

As a result of these positive results these batteries are now being tested by two battery companies.

Elcora is, also, progressing on the anode manufacturing plant. A site has now been selected, engineering on the equipment has been completed and all major equipment has been sourced.

"The positive results and the progression of the development to tests performed by potential clients represents a significant progression of Elcora's vertical integration strategy," said Troy Grant, Elcora's President and CEO. "The site selection and preparation work for the anode facility as also a step towards production, revenue and cash flow."

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

About Elcora Advanced Materials

Elcora was founded in 2011 and has been structured to become a vertically integrated graphite & graphene company that mines, processes, refines graphite, and produces micro graphite for battery anodes, graphene and end user graphene applications. As part of the vertical integration strategy, Elcora has secured high-grade graphite and graphene precursor graphite from its interest in the operation of the Ragedara mine in Sri Lanka which is already in production. Elcora has developed unique low cost, effective and ecological processes to make high quality graphite and graphene that are commercially scalable. This combination means that Elcora has the tools and resources for graphite and graphene vertical integration.

For further information please visit the company's website at http://www.elcoracorp.com.

For further information please contact:

Troy Grant, Director, President and CEO, Elcora Resources Corp., T: +1 902 802-8847 F: +1 902 446-2001.

CAUTIONARY STATEMENT:

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.

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