The company was formerly named Elcora Resources, and changed its name in February 2016.
It is based in Canada and aims to become a vertically integrated carbon company - from graphite mining to graphene production. The company has full operational control and a 40% equity interest in Sakura graphite Mine in Sri Lanka.
Elcora Resources is a public company that trades in the Toronto stock exchange (TSXV: ERA)
The latest Elcora graphene news:
Elcora Advanced Materials enters a partnership with China's Elephant Red and receives $1 Million CAD strategic investment
Elcora Advanced Materials has announced that it has entered into a strategic relationship with Elephant Red Maple Leaves New Material Technology (Suzhou, China). The objective of this collaboration is to develop graphene coatings applications.
Elcora and its strategic partners are now pursuing the use of graphene in the coatings business for functional and production efficiencies – for instance, by replacing or reducing toxic materials such as cuprous oxide and zinc. The partners will also further explore graphite powder anodes opportunities in Asia and develop graphene enhanced components for Lithium-ion batteries. Elephant Red has many industrial clients and a growing network of about 300 distributors in China.
International security and aerospace company Lockheed Martin will be working with Elcora Advanced Materials to develop graphene-enhanced lithium-ion batteries. The Companies stated that Elcora's graphene can "help the Li-ion batteries increase their storage of power without adding further cost".
Lockheed Martin mentioned that these batteries are being sought after for prolonging the lifespan of power charged in a wide range of devices, from the ubiquitous smartphones to electric cars. Lockheed will also be using them in the military vehicles that will be guided by their Autonomous Mobility Applique Systems (AMAS), or the ‘driverless military convoy’. Lockheed Martin is looking forward to completing the tests and fast-forwarding to deploying them for actual use in military campaigns.
Elcora Advanced Materials to develop graphene-infused Lithium-ion batteries for fast charge applications
Elcora states that its expertise in graphene and lithium-ion battery technology will assist in this project, and that it is presently working with strategic partners (as well as in its in-house Lithium-Ion R&D Battery Lab) in development of applications.
In addition to this amount, the Elcora announced that it has closed the non-brokered private placement financing announced in the beginning of the year.
Elcora Advanced Materials has announced a non-brokered private placement offering of up to 20,370,370 units at a price of $0.27 per Unit to raise aggregate gross proceeds of up to $5,500,000.