DGAP-News: Elcora Resources Corp

DGAP-News: Elcora Release Anode Test Results

DGAP-News: Elcora Advanced Materials / Key word(s): Miscellaneous Elcora Release Anode Test Results

24.08.2016 / 12:01 The issuer is solely responsible for the content of this announcement.

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Halifax, Nova Scotia--(Newsfile Corp. - August 24, 2016) - Troy Grant, President and CEO of ELCORA ADVANCED MATERIALS CORP. (TSXV: ERA) (OTCQB: ECORF) (Frankfurt: ELM) (the 'Company' or 'Elcora'), is pleased to present the successful initial test results of Elcora's proprietary graphite processes for lithium ion battery anodes.

The purpose of the tests was to validate Elcora's processes using grade, size analysis, BET surface area, calendar density and eChemistry.

'Elcora's high purity 99+% flake concentrate is significantly above the industry standard of 95-98%. This will have important implications for thermal processing which is the preferred method of purification for long-life automotive cells. Elcora graphite also exhibits a very high level of crystallinity and therefore reversible capacity consistent with the top 20% of graphite materials we have tested from junior graphite companies. The combination of high purity and high reversible capacity could prove to make Elcora a preferred graphite sources for LIB anode materials', states Dr. Edward R. Buiel, CEO and President of Coulometrics, LLC.

An example of the material tested is shown in Figure 1.

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Figure 1: SEM Electron microscope picture of Elcora process graphite reduced in size for use in anodes.

Particle size distribution

Elcora has developed a proprietary process to reduce the size of graphite crystals to those best suited for anode production. This process was developed in order to combine different sizes of particles so that anode packing density can be optimized and to minimize the use of spherical graphite. An example of the size distribution of Elcora process graphite is shown in Table 1.

Table 1: Size comparison between grinding energy inputs ranging from the primary grind of 7 kWhr/t to 440 kWhr/tonne

Power (kWhr/tonne) 7 110 220 440 Fraction Smaller Size (µm) Size (µm) Size (µm) Size (µm) 10% 90 44 21 16 25% 125 86 44 27 50% 210 144 86 44 75% 310 220 144 70 90% 470 330 211 100

BET surface area

For better anode performance the BET surface area of graphite is minimized. As an example for under 20 micrometer particles the target surface area is between 3-5 m2/g. This target is usually met by reducing the surface area through coatings. The Elcora process has achieved and surpassed this target without coatings as shown in Table 2.

Table 2: BET Surface area of Elcora process graphite

Flake SizeMesh BET Surface Area(m2/g) -120 1.10 -64 1.22 -32 2.35 -20 3.20

Calendar density

The calendar density is the density of the anode. This characterizes how much graphite can be added to a battery. The target is between 1.5 and 1.8 g cm-3. Initial tests, without optimization of the particle size distribution or spheronization, have resulted in Elcora densities as high as 1.46 g/cm3.

Graphite purity

The Elcora process uses multiple steps to produce high purity graphite. The results of both the primary and secondary purification stages are shown in Table 3. The repeatability of the results gives confidence in the results. PIXE, or proton induced x-ray emission tests, are currently being conducted to confirm these results and to accurately determine the contaminants at the ppm level.

Table 3: Graphite assays after purification

Primary stage over all 98.80% 99.13% 99.10% 2nd +64 - 128 µm 99.98% 99.99% 99.98% 2nd +32 - 64 µm 99.98% 99.98% +99.99% 2nd +20 - 32 µm 99.99% 99.99% +99.99% 2nd -20 µm 99.94% 99.99% +99.99%

eChem tests

c20 cycling tests were done with Elcora process graphite using different binders, additives, and electrolytes. Examples of battery test using Elcora anodes is shown in Figure 2. In these results, the reversible capacity increased to 371 mAh/g in the first 4 cycles which is very close to the theoretical maximum of 372 mAh/g. The capacity was calculated based on the mass of graphite in the electrode only and does not include the small mass of carbon black that is added to the electrode to maintain conductivity. Notwithstanding, the reversible capacity of the Elcora Graphite is very high and well suited for lithium ion battery applications.

The first cycle efficiency is 93.2%. These results were achieved without spheronization or coating. Most battery manufacturers specify 93-95% first cycle efficiency which must be balanced with cathode materials that do not exceed 95%.

[image: http://orders.newsfilecorp.com/files/2409/22239_a1472015563458_5resize.jpg]

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Figure 2: Example of battery cycle tests using Elcora graphite anodes.

Troy Grant, President and CEO: 'These results are the next successful step in Elcora's goal of value-added graphite production which is able to produce cleaner batteries for electric vehicles. These anode and battery test results demonstrate that Elcora's anodes show excellent potential for use in lithium ion batteries. It further confirms, at the bench scale, Elcora's vertical integration strategy of value added transformation using our own proprietary process'.

Ian Flint, Ph.D., P.Eng., is the Qualified Person as defined under NI 43-101 who has reviewed and is responsible for the technical information presented in this news release

About Elcora Advanced Materials

Elcora was founded in 2011 and has been structured to become a vertically integrated graphite & graphene company that mines, processes, refines graphite, and produces both the graphene and end user graphene applications. As part of the vertical integration strategy, Elcora has secured high-grade graphite and graphene precursor graphite from its interest in the operation of the Ragedara mine in Sri Lanka which is already in production. Elcora has developed unique low cost effective processes to make high-quality graphite and graphene that are commercially scalable. This combination means that Elcora has the tools and resources for graphite and graphene vertical integration.

For further information please visit the company's website at http://www.elcoracorp.com

For further information please contact: Troy Grant, Director, President and CEO, Elcora Resources Corp., T: 902 802-8847 F: 902 446-2001.

CAUTIONARY STATEMENT:

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. No stock Exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release includes certain 'forward-looking statements'. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Elcora, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Elcora's expectations are exploration risks detailed herein and from time to time in the filings made by Elcora with securities regulators.

Investors are cautioned that, except as disclosed in the filing statement prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon.

Click on, or paste the following link into your web browser, to view the associated documents

http://www.newsfilecorp.com/release/22239

News Source: Newsfile

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24.08.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

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Language: English Company: Elcora Advanced Materials Canada ISIN: CA2844451039 End of News DGAP News Service ---------------------------------------------------------------------------

495455 24.08.2016