Ceylon Graphite Corp. (TSX.V: CYL) Poised to Create Globally Recognized Graphite Mining Company

March 10, 2020 12:35:30
  • 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…

Read More>>

For more information, visit the company’s website at www.CeylonGraphite.com

About NetworkNewsWire

NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)

For more information, please visit https://www.NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
212.418.1217 Office

NetworkNewsWire is part of the InvestorBrandNetwork.