Elcora Advanced Materials

Elcora Advanced Materials Corp. is a Canadian critical battery metals company focused on vanadium, manganese, and copper. The company has licenses across several deposits in Morocco, a politically stable mining jurisdiction with supportive resource extraction policies.

Elcora is currently producing and delivering existing stockpiles of manganese ore to market from its Atlas Fox deposit. The company is also advancing exploration and development of a large vanadinite deposit containing vanadium and lead at its Atlas Lion project. Initial geological reports estimate a vanadinite resource base of over 772,000 tons across two of Elcora’s concessions, with potential upside as the region remains under-explored.

Further downstream, Elcora plans to construct concentrator and processing plants to refine and upgrade its battery-grade metal products. The company also holds a copper concession which it intends to explore and potentially develop towards production by 2024.

With its assets located close to key transport infrastructure in Morocco, Elcora aims to become a fully integrated critical battery metals producer supplying into the fast-growing renewable energy and electric vehicle markets in Europe and globally. The company estimates its projects could generate combined revenues exceeding $50 million per year once fully scaled up.