Elcora Company announced that it has successfully delivered its first order for 500 metric tons of 37% + high-quality Manganese from Morocco. The delivery of this first order marks a significant milestone for Elcora Advanced Materials Corp, announced the company in a press release on Tuesday.
“We are excited to have delivered our first Manganese order from Morocco,” stated Troy Grant, CEO of Elcora Advanced Materials Corp. “This achievement further demonstrates our ability to expand our product offering and bring value to our clients”, he added.
With manganese ore selling for up to $617 per ton as of Nov. 2022, 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.
Elcora, a leading provider of advanced materials, has expanded its product portfolio with manganese ore, focusing on vertically integrated battery material manufacturing and scalable technology.