Elcora Advanced Materials Corp. announced that it has secured two more orders for a total of 1500 metric tons of 37% + manganese ore. The orders are for high-quality manganese ore and are set to be delivered by the end of July 2023 hence securing sales revenue for the second month in a row.

The new orders represent another significant milestone for Elcora as it continues to expand its customer base and strengthen its position as a leading supplier of high-quality materials. The Company's commitment to quality, sustainability, and customer service has earned it a reputation as a trusted supplier of materials across various industries. Elcora's manganese ore is of high quality, with available purity between 37% and 44%.

The Company’s quality control process ensures that the ore is prepared to meet the exacting standards of its customers. The Manganese ore index for equivalent 37% Mn grade currently trades at about $2,97USD /dmtu (or about $110 USD/ton) FOB Port Elizabeth. Elcora aims to sell as close as possible to the index whilst allowing for natural price adjustments as develop the asset to compete with established supply sources of equivalent grade.