- Ceylon Graphite commences production of the world’s purest natural graphite: required component of widely used lithium-ion batteries
- Named Asia Pacific Exploration Mining Company of Year in 2018, company holds one of only four A-category licenses for mining graphite in Sri Lanka, world’s most graphite-rich region
- CYL represents a high potential investment backed by global demand for graphite that enables production of vast number of products globally
Ceylon Graphite (TSX.V: CYL), a company specializing in the exploration and production of graphite in Sri Lanka – where it holds a land package of 121 km² with grids containing unique and comparatively higher-margin vein graphite deposits – is on track to becoming a global player in the sector as it has commenced the production of the world’s purest graphite. CYL operates through two wholly owned subsidiaries, Sarcon Development (Pvt) Ltd. and JADS Enterprises (Pvt) Ltd. At the end of 2019, Sarcon Development (Pvt) Ltd. started commercial production – a step the company described as a milestone towards creating a globally recognized graphite mining company with the capacity to develop the next sites and at a faster pace.
International demand for graphite is robust and expected to increase. With the global trend of the decarbonization of the energy storage and transportation sector gaining increasing traction, graphite has been named the “new oil.” The growing demand is supported by the needs of energy storage…
For more information, visit the company’s website at www.CeylonGraphite.com
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