HALIFAX, Nova Scotia, Jan. 23, 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 the first tranche of its private placement pursuant to a price reservation Form 4A (“Form 4A”) filed with the TSX Venture Exchange on December 29, 2025. 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.