Elcora Closes First Tranche of Private Placement

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HALIFAX, Nova Scotia, Jan. 23, 2026 (GLOBE NEWSWIRE) -- ELCORA ADVANCED MATERIALS CORP. ((TSX.V: ERA, Frankfurt: ELM0, OTCQB:ECORF), (the "Company" or "Elcora"), is pleased to announce that it has closed the first tranche of its private placement pursuant to a price reservation Form 4A ("Form 4A") filed with the TSX Venture Exchange on December 29, 2025. The Company issued 8,158,333 units at a price of $0.12 per Unit for gross proceeds of approximately $979,000 for the first tranche.

Pursuant to the Form 4A, the Company may issue up to 25,000,000 Units at $0.12 per unit (the "Units") to raise total gross proceeds of up to $3,000,000 (the "Offering").

Each Unit will consist of one (1) common share and one (1) share purchase warrant (a "Warrant"). Each Warrant will be exercisable for an additional share at a price of $0.16 for a period of twenty-four (24) months from issuance.

No finder's fees will be paid with respect to this Offering.  

One of the Company's Directors participated in the ...