THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.HALIFAX, Nova Scotia, Jan. 30, 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 a second tranche (the "Second Tranche") of its private placement pursuant to a price reservation Form 4A ("Form 4A") filed with the TSX Venture Exchange on December 29, 2025 (see news release dated January 23, 2026). The Company issued 10,591,666 units at a price of $0.12 per Unit for gross proceeds of approximately $1,271,000 for the Second Tranche.As announced on January 23, 2026, 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 (the "First Tranche"). Accordingly, upon completion of the Second Tranche, the Company has issued a combined total of 18,749,999 Units at $0.12 and raised combined total gross proceeds of approximately $2,250,000.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 ...Full story available on Benzinga.com
