HALIFAX, Nova Scotia, Oct. 08, 2024 (GLOBE NEWSWIRE) -- ELCORA ADVANCED MATERIALS CORP. (TSX.V:ERA | Frankfurt:ELM | OTCQB - ECORF), (the 'Company' or 'Elcora'), is providing this update on the status of a management cease trade order granted on July 30, 2024 (the 'MCTO') by the Nova Scotia Securities Commission under National Policy 12-203 - Management Cease Trade Order ('NP 12-203'). On July 12, 2024 and July 30, 2024, the Company announced that, for reasons disclosed in the news releases, there would be a delay in the filing of its financial statements and accompanying management's discussion and analysis for the fiscal year ended March 31, 2024 (the 'Annual Filings') beyond the period prescribed under applicable Canadian securities laws (the 'Default Announcement'). Subsequently, there has been a delay in the filing of the Company's interim financial statements for the period ended June 30, 2024 (the 'Interim Filings”) that were due for filing on August 29, 2024.

As indicated in its news release dated September 24, 2024, the Company applied for, and received, an extension of its MCTO by the Nova Scotia Securities Commission. The Company is now required to complete its Annual Filings and Interim Filings by October 14, 2024.