Ceylon Graphite Corp. (TSX.V: CYL) Poised to Create Globally Recognized Graphite Mining Company
Mar 10, 2020
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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