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Elcora Advanced Materials (TSXV:ERA,OTCQB:ECORF,FWB:ELM) announced the first shipment of processed graphite originally extracted from its Ragedara mine located in Sri Lanka.
Elcora Advanced Materials (TSXV:ERA,OTCQB:ECORF,FWB:ELM) announced the first shipment of processed graphite originally extracted from its Ragedara mine located in Sri Lanka.
As quoted in the press release:
The shipment was distributed by ThyssenKrupp Metallurgical Products.
“Our first shipment represents our most significant milestone to date,” said Troy Grant, Elcora’s President and CEO. “It validates our strategy of becoming a vertically-integrated producer of graphite and our 10-year agreement of working closely with ThyssenKrupp Metallurgical Products. This first shipment now paves the way for us to generate cash flow from operations.”
Elcora processed the graphite at its processing plant, which is also located in Sri Lanka, using proprietary technology delivering a cleaner and more economical product.