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 has announced that it has closed a second and final tranche of its non-brokered private placement, shortly after closing the the first tranche of its private placement, for gross proceeds of CAD$1,120,500 (around USD$898,362).
The Company declared gross proceeds of CAD$1,699,185.00 (around USD$1,363,000) for the second and final tranche.
Elcora Advanced Materials recently announced the closing of the first tranche of its private placement, for gross proceeds of CAD$1,120,500 (around USD$898,362). The Company may issue further Units to raise total gross proceeds of up to CAD$3,000,000 (around USD$2,370,000).
The Company intends to use the net proceeds for general working capital purposes. Elcora was founded in 2011 and has been structured to become a vertically integrated graphite & graphene company. Elcora processes, refines, and produces both graphite & graphene. As part of the vertical integration strategy Elcora is securing high-grade graphite and graphene precursor graphite from operations in Sri Lanka and other countries which are already in production. Elcora has developed a cost-effective process to make high-quality graphite, graphite products and graphene that are commercially scalable.
Elcora Advanced Materials has announced it has entered into a research and development agreement with Solargise Canada, a solar manufacturing and utility-scale power project development company.
The scope of work of the research and development agreement includes the development of new technologies using graphite and graphene to improve and augment the efficiency of the solar photovoltaic panels manufactured by Solargise.
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.