2023-03-14 08:14:32 ET
- Elcora Advanced Materials ( OTCPK:ECORF ) has signed through its Ermazon SARL wholly owned subsidiary, a binding agreement with exclusive long term mining production rights and option to purchase the 16 km² Manganese mining concession in Morocco.
- The artisanal production run rate at the Deposit was then ~2,500 metric tonnes / month, our local team believes there is potential for more by adding appropriate equipment.
- Combined with Elcora’s own Manganese ore Atlas Fox Deposit, it brings the Co.’s overall Manganese ore production capacity to more than 5,000 metric tonnes / month.
- "An increase in infrastructure and technology projects will drive demand and price growth, providing potential benefits for those, like Elcora, who start mining and trading Manganese ore now.” said Troy Grant, Elcora’s CEO.
For further details see:
Elcora options to purchase existing Manganese mine in Morocco