- Elcora Advanced Materials has begun pioneering processing test work on vanadium extracted from its Morocco Vanadinite Deposit
- The Halifax-based miner announced that the processing test work has yielded high-purity vanadium, meeting and surpassing industry standards
- The potential cost of production of Elcora’s Moroccan vanadium could be less expensive in terms of capital and operating costs
- Elcora Advanced Materials last traded at $0.03 per share
Elcora Advanced Materials (TSXV:ERA) has begun pioneering processing test work on vanadium extracted from its Morocco Vanadinite Deposit.
The Halifax-based miner achieved a major milestone in its work to advance innovation and resource development with a metallurgical assessment on the project. The team announced the processing test work has yielded high-purity vanadium, meeting and surpassing industry standards.
With the help of Lab 4 Inc., Elcora’s team has developed an efficient extraction process that enhances the recovery of vanadium from the Morocco Vanadinite Deposit. The company stated that this approach not only improves resource utilization, but can also contribute to sustainability efforts within the mining industry.
These processing techniques could redefine the extraction and production of vanadium, as well. Currently 50 per cent to 60 per cent of the vanadium is produced from pig iron slags that grades only about 0.25 per cent vanadium. This means the potential cost of production of Elcora’s Moroccan vanadium, at 8 per cent grade, could be considerably less expensive in terms of capital and operating costs.
“The processing test work not only showcases the potential of the Morocco Vanadinite Deposit but also underlines our commitment to sustainable resource development,” Troy Grant, Elcora CEO, explained in a news release.
The news release added that this can position the company to deliver premium-grade vanadium for a wide range of applications, including energy storage solutions and advanced metallurgy.
Elcora Advanced Materials Corp. is a Canadian battery material company that can mine, process, refine and produce battery-related minerals and metals. Elcora has developed a cost-effective process to purify high-quality battery metals and minerals that are commercially scalable.
Elcora Advanced Materials last traded at $0.03 per share. Elcora stock is up 20 per cent in the past month but down 33.333 per cent in the past year.
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