Add-on Acquisition • Metals/Mining

Elcora Advanced Materials Acquires Ermazone

On November 24, 2021, Elcora Advanced Materials acquired metals/mining company Ermazone for 5M USD

Acquisition Context

This is Elcora Advanced Materials’ 1st transaction in the Metals/Mining sector.
This is Elcora Advanced Materials’ largest (disclosed) transaction.
This is Elcora Advanced Materials’ 1st transaction in the United States.

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M&A Deal Summary
Date	November 24, 2021
Target	Ermazone
Sector	Metals/Mining
Buyer(s)	Elcora Advanced Materials
Deal Type	Add-on Acquisition
Deal Value	5M USD

Target Company

Ermazone

United States

Ermazone is an moroccan vanadium exploration company. Ermazone is based in United States.

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Buyer Overview 1

Buyer

Elcora Advanced Materials

Bedford, Nova Scotia, Canada

Category	Company
Founded	2011
Sector	Metals/Mining

DESCRIPTION

Elcora Advanced Materials is a vertically integrated battery material company which process, refine, and produce battery related minerals and metals. Elcora Advanced Materials was founded in 2011 and is based in Bedford, Nova Scotia.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Metals/Mining	1 of 1
Type: Add-on Acquisition	1 of 1
Country: United States	1 of 1
Year: 2021	1 of 1
Size (of disclosed)	1 of 1

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