HALIFAX, Nova Scotia, Aug. 18, 2022 (GLOBE NEWSWIRE) — ELCORA ADVANCED MATERIALS CORP. (TSX.V:ERA | Frankfurt:ELM | OTCQB – ECORF), (the 'Company' or 'Elcora'), announced today that it has signed an LOI with Gold Lion Resources Inc. ('Gold Lion'), to start exploitation on its Manganese mining license in Morocco. The Manganese research mining license in Morocco (the 'Property') is held by Ermazon SARL ('Ermazon'), a wholly owned subsidiary of Elcora. Gold Lion will acquire 50% interest in the Property and Elcora will use the proceeds from the transaction to initiate the ore production on the Manganese concession once the Exploitation license has been granted.

http://www.padovanews.it/2022/08/19/elcora-options-to-join-forces-with-gold-lion-to-begin-exploitation-of-a-manganese-mining-license-in-morocco/

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