Mr. Troy Grant reports

ELCORA PROVIDES UPDATE TO PREVIOUSLY ANNOUNCED NOTICE OF HEARING

Elcora Advanced Materials Corp. has provided an update on a previously announced hearing with the Nova Scotia Securities Commission scheduled on July 16, 2025.

At the hearing, the commission approved a settlement agreement with the company and its subsidiary, Graphene Corp. The settlement relates to certain missed filing deadlines for insider and early warning reporting requirements involving the acquisition and sale of common shares of G6 Materials Corp., a reporting issuer principally regulated in British Columbia. The commission approved the settlement and ordered that: Elcora pay an administrative penalty of $20,000, Graphene pay an administrative penalty of $3,500, each Elcora and Graphene comply with Nova Scotia securities laws, and each Elcora and Graphene pay costs in connection with the proceeding before the commission in the amount of $1,000.

The settlement and order can be viewed on the commission's website.

About Elcora Advanced Materials Corp.

Elcora was founded in 2011 and has been structured to become a vertically integrated battery material company. Elcora can process, refine and produce battery-related minerals and metals. As part of the vertical integration strategy, Elcora has developed a cost-effective process to purify high-quality battery metals and minerals that are commercially scalable. This combination means that Elcora has the tools and resources for vertical integration of the battery minerals and metals industry.

We seek Safe Harbor.