Elcora Advanced Materials to Acquire Eldorado Gold Mine in South Africa

Deal Summary

Elcora Advanced Materials announced an agreement to acquire 100% of the Eldorado gold mine from Elmaic Trading CC for $2 million in cash and 20 million common shares, pending regulatory approvals. The share‑purchase transaction is structured in two phases, with a target completion date of 15 July 2026. Elcora also committed to invest at least $1.3 million in capital and operational expenses for the project.