Ceylon Graphite Corp. (TSXV:CYL)Mining
Ceylon Graphite Corp. is a junior mining company that owns and operates graphite properties located in Sri Lanka. Its principal business activities involve the exploration and development of graphite resources to manufacture and commercialize quality graphite products.
The Vancouver-based miner operates its graphite exploration and development work through two 100 percent owned subsidiaries:
• Sarcon Development
• JADS Enterprises
K1 Development is Ceylon Graphite’s first graphite project, situated at Karasnagala held via Sarcon Development. The Geological Survey and Mines Bureau (GSMB) awarded the K1 working site under the Industrial Mining License (IML) Category A.
Category A is Sri Lanka’s highest category license that exclusively allows the company to mine, process and transact in graphite mined. The license also includes underground confined blasting methods and usage of mining machines and equipment for commercial manufacturing and export of graphite output.
M1 Development is an exploration stage project based in Malsiripura operated via JADS Enterprises. GSMB rated this site under the IML Category B, which permits the company to conduct some single borehole blasting and utilize specific mining machines and equipment.
H1 is a Hakbewa-based project with a surface graphite dump over a land package of 50 acres. The exploration work here is managed by Sarcon. The other such working site is P1, currently under exploration and drilling work.
Ceylon manufactures, markets and distributes graphene and graphite products for various industrial applications, such as electric vehicles (EV), mobiles and electronics, battery/ energy storage, construction, healthcare, paint and coatings businesses. In September 2021, it signed a marketing agreement with Toronto-headquartered marketing entity North Equities Corp. to enhance its social media and marketing efforts to connect with a wider audience.
Ceylon Graphite Corp is a public company listed on the premier Toronto Venture Stock Exchange with its ordinary shares trading under the ticker symbol CYL. The Sri Lanka-focused graphite miner also lists and trades its shares on the US OTC market and the Frankfurt Stock Exchange (FSE) under the stock symbols CYLYF and CCY, respectively.
1100-1111 Melville Street Vancouver, BC V6E 3V6