Mr. Troy Grant reports

ELCORA RECEIVES FINAL TSXV CLEARANCE OF SUBSCRIBER PIF AND CONFIRMS NEW REPORTING INSIDER STATUS

Further to Elcora Advanced Materials Corp.'s news release dated Feb. 12, 2026, the company has closed the third and final tranche of its previously announced non-brokered private placement, it has now received final clearance from the TSX Venture Exchange in respect of the personal information form submitted by Skyline Resources Trading FZE (the subscriber).

The company has also received final acceptance from the exchange for the issuance to the subscriber of 6,242,005 units at a price of 12 cents per unit. The units were issued in connection with the third and final tranche of the offering previously announced on Feb. 12, 2026. Each unit consists of one common share and one share purchase warrant. Each warrant entitles the holder to acquire one additional common share of the company at a price of 16 cents for a period of 24 months from the date of issuance.

As previously disclosed, the issuance of the units to the subscriber was subject to final exchange acceptance and clearance of the subscriber's personal information form, and the units were not to be released to the subscriber until such clearance had been obtained. Final exchange clearance and acceptance have now been received, and the units have now been issued to the subscriber.

As a result of the issuance of the units, the subscriber now meets the definition of a reporting insider of the company under National Instrument 55-104 -- Insider Reporting Requirements and Exemptions.

All securities issued pursuant to the third tranche of the offering are subject to a statutory hold period of four months and one day from the date of issuance, expiring on Aug. 10, 2026, in accordance with applicable securities laws.

Early warning disclosure

Further to the company's news release dated Feb. 12, 2026, and in connection with the issuance of the units to the subscriber, the subscriber has acquired 6,242,005 units under the offering. Prior to the offering, the subscriber held no common shares or warrants of the company, representing 0 per cent of the then-issued and outstanding common shares of the company. Following issuance of the units, the subscriber beneficially owns and controls 6,242,005 common shares and 6,242,005 warrants, representing approximately 14.85 per cent of the company's issued and outstanding common shares on an undiluted basis and 18.63 per cent on a partially diluted basis, assuming exercise of the warrants.

The subscriber acquired the units for investment purposes. The subscriber may, depending on market conditions and other relevant factors, increase or decrease its beneficial ownership, control, direction or economic exposure to securities of the company from time to time through market transactions, private agreements, treasury issuances, exercise of convertible securities or otherwise. A copy of the early warning report filed by the subscriber may be obtained by contacting the company at 604-687-2038.

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.