Accordingly, the Company will apply to the
The Company's inability to finalize its Annual Filings on time is due to additional time being required to audit transactions carried out by the Company's subsidiary located in
If the MCTO is granted, the Company will comply with the alternative information guidelines set out in National Policy 12-203 - Management Cease
The Company will provide an update on its application of the MCTO in an upcoming news release.
About
Elcora was founded in 2011 and has been structured to become a vertically integrated battery material company. Elcora can process, refine, and produce battery related minerals and metals. As part of the vertical integration strategy, Elcora has developed a cost-effective process to purify high-quality battery metals and minerals that are commercially scalable. This combination means that Elcora has the tools and resources for vertical integration of the battery minerals and metals industry.
Contact:
Tel: +1 902 802-8847
CAUTIONARY STATEMENT
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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