Elcora Company reported, Wednesday, good lab test findings for the first 12 assays from its Ermazon Manganese concession (16 km2), dubbed “Atlas Fox Deposit” in Morocco.
In a statement, Elcora’s CEO Troy Grant said that these results are excellent as they exceed the local buyers’ expectations, adding that Elcora’s Morocco mining projects are on track with the objective to start production late 2022.
With manganese Ore selling for up to $617 per tonne as of November 06, the company’s goal of generating revenue and funding opportunities in Morocco is confirmed.
In addition to its various industrial applications, Manganese is an electric vehicle (EV) metal that is used to make batteries for electric vehicles as well as other renewable energy applications.