ELCORA Advanced Materials Corp. announced that the company has begun operations on the 16 km Manganese mining concession (Deposit) in Morocco for which it has acquired earlier exclusive rights. The SGS-certified African Laboratory for Mining and Environment (AFRILAB) team evaluated onsite that already extracted Manganese (Mn) piles contain about 5,500 metric tonnes of Manganese ore.

Theasses tested between 27% Mn and 33% Mn before sorting or processing. It is estimated that about 4,000 metric tons of 37% Mn ore after sorting can be obtained from the same piles. Manganese ore 37% currently sells at about $331/metric ton (Mn) on the international market.

The price is not necessarily indicative of the sales prices to be received by Elcora. This allows Elcora to sort, process and sell Manganese ore as of March 20, 2023 in order to meet customers expectations. Mining will thereafter continue as surface deposit, saving the Company time and money.

Manganese is a key component for battery-grade minerals and metals, which are essential for the global battery value chain.