Elcora Advanced Materials Corp. — News

HALIFAX, Nova Scotia, May 28, 2026 (GLOBE NEWSWIRE) -- Elcora has signed a binding range of terms (BROT) with Elmaic Trading CC to acquire 100% of the Eldorado Gold Mine and associated tailings operations on Portion 1 of the Farm Louieville 325 JU, Ehlanzeni District, Mpumalanga, South Africa The aggregate consideration is US$2,000,000 in cash and 20,000,000 common shares of Elcora, structured across milestone-based tranches linked to permitting, production, and resource validation designed to align stakeholder interests with project advancement The Eldorado property is situated within the Barberton Greenstone Belt, in proximity to the operating Fairview Mine (Pan African Resources) and Lily Mine (Vantage Goldfields) Elcora engaged a Qualified Person to conduct an independent site assessment as the next step in the due diligence and resource evaluation process The initial phase (Phase 0) operations - processing of on-site surface tailings - require no new mining permit and is designed to generate sufficient cash flow to partially fund subsequent mine development phases An initial interest-free loan of US$61,500 will be advanced within 7 business days of BROT execution for Prospecting Right renewal, with the Longstop Date for Transaction completion set at 15 July 2026 Elcora Advanced Materials Corp.

globenewswire.com - 2026-05-28 16:51:06

HALIFAX, Nova Scotia, May 28, 2026 (GLOBE NEWSWIRE) -- Elcora Advanced Materials Corp. (TSX.V: ERA) (the “Company” or “Elcora”) is pleased to announce that it has executed a binding range of terms dated May 27, 2026 (the “BROT”) with Elmaic Trading CC (Registration No. 2008/001476/23) (the “Vendor”), an arm's length party, in respect of the proposed acquisition by Elcora of 100% of the Eldorado gold property and associated surface tailings stockpile located on Portion 1 of the Farm Louieville 325 JU, Ehlanzeni District, Mpumalanga Province, South Africa (the “Eldorado Property” or the “Project”) (the “Transaction”).

globenewswire.com - 2026-05-28 16:51:00

This press release is being disseminated as required by National Instrument 62-103, The Early Warning System and Take over Bid and Insider Reporting Issues regarding the disposition and acquisition of securities of Elcora Advanced Materials Corp. This news release is being issued to correct an incorrectly calculated share ownership position reported on April 10, 2026.

thenewswire.com - 2026-05-22 18:00:00

HALIFAX, NOVA SCOTIA -- TheNewswire – May 21, 2026) ELCORA ADVANCED MATERIALS CORP. (TSX.V:ERA | Frankfurt:ELM | OTCQB – ECORF), (the " Company " or " Elcora "),  announces that following the Company's annual general and special meeting of shareholders (the “ Meeting ”) held today, the shareholders of the Company approved the adoption of the Company's re-stated stock option plan (the “ Stock Option Plan ”) and its amended and re-stated restricted share unit plan (the “ RSU Plan ”).

thenewswire.com - 2026-05-21 17:30:00