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Rabat – The Moroccan government has granted Elcora Advanced Materials, a Canada-based vertically integrated graphite and graphene company, a Manganese exploitation license.
The company celebrated the news on Tuesday, stressing that it received the license for its site Alas Fox Deposit through its “Ermazon SARl wholly owned subsidiary.”
Manganese is a metal that is essential in the manufacturing of car batteries for electric vehicles. It is also used in manufacturing iron and stainless steel production.
“The license will allow Elcora to mine, extract, process and sell Manganese from” its 16 square kilometers’ mining concession in the North African country, the company said.
Commenting on the license grant, Elcora’s CEO Troy Grant said that the use of manganese is both beneficial for renewable energy storage and job creations.
“The use of Manganese not only provides a solution for renewable energy storage, but it also has the potential to create new jobs and stimulate local economic growth,” Grant said.
He added that the extraction and processing of the material requires “specialized skills and technology, and the development of Manganese-based batteries” that has the potential to create new industries that could boost Elcora’s growth.
The company also extended its thanks to “the Moroccan government and all its departments” for their support and for proving the company with the exploitation license.
“We look forward to contributing to the economic growth of Morocco and the region,” the company’s statement concluded.
In November, Elcora announced positive lab test results for its 12 assays from its Ermazon Manganese concession under the name Atlas Fox Deposit in Morocco.“The Atlas Fox Deposit had been mined until the mid-fifties when the French rule in Morocco came to an end,” the company said last year.
