Elcora Advanced Materials Corp. (ECORF)

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News
HALIFAX, NOVA SCOTIA / ACCESSWIRE / October 4, 2016 / ELCORA ADVANCED MATERIALS CORP. (ERA.V) (ECORF) (ELM.F), (the "Company" or "Elcora") today announced the first shipment of processed graphite originally extracted from its Ragedara mine located in Sri Lanka. The shipment was distributed by thyssenkrupp Metallurgical Products.

"Our first shipment represents our most significant milestone to date," said Troy Grant, Elcora's President and CEO. "It validates our strategy of becoming a vertically-integrated producer of graphite and our 10-year agreement of working closely with thyssenkrupp Metallurgical Products. This first shipment now paves the way for us to generate cash flow from operations."

Elcora processed the graphite at its processing plant, which is also located in Sri Lanka, using proprietary technology delivering a cleaner and more economical product.

The Company also announced that it is increasing its workforce at its processing plant to increase production and meet product demand. There is currently more than one thousand tons of extracted graphite from the Ragedara mine waiting to be processed*.

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.