Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Ceylon Graphite takes aim at the purest graphite on Earth

% of readers think this story is Fact. Add your two cents.


  • Large land package includes areas of historic graphite production

  • Located in Sri Lanka, which historically was a prime producer of graphite

  • Focus on high-quality vein graphite, which is much rarer than other forms of graphite. 

  • Demand for graphite is expected to grow

  • Strong financing in place, raised C$2 million in May 2018


Who is Ceylon Graphite?

Ceylon Graphite Corp (CVE:CYL) (OTCMKTS:CYLYF) (FSE:CCY) is exploring and developing graphite mines in historic resource jurisdictions in Sri Lanka. Ceylon Graphite has a focus on high-quality vein graphite, which is much rarer than other forms of graphite, such as amorphous or flake graphite. 

The company holds exploration rights over a land package of around 121 square kilometers. This land package has a rich past: it represents the majority of known historic graphite resources in Sri Lanka, with production dating back to the 1920s.

WATCH: Mining Strategist Christopher Ecclestone on Ceylon Graphite

The country of Sri Lanka has a compelling history when it comes to graphite — graphite mined from the country is known to be some of the purest in the world but accounts for less than 1% of global production. 

Graphite has a wide range of industrial uses including being used in steel-making, brake-pads and dry lubricants. It is also used in fuel cells, which power hybrid and electric vehicles and in lithium-ion batteries used in portable consumer devices, like laptops and smartphones.

All of the company’s assets are in Sri Lanka and it operates via two wholly owned subsidiaries, Sarcon Development (Pvt) Ltd and JADS Enterprises (Pvt) Ltd. 

How is it doing? 

The company had a very active 2018 and is carrying this momentum into 2019. 

Its aim is to start commercial production as soon as possible, as well as developing upgrading capabilities. 

Among the highlights last year was the discovery of six large graphite veins at the group’s K1 site. Assay results indicate 97.6% graphite.

Also, graphite obtained from the K1 site was found to be upgradeable and meets specifications of key battery grade graphite with a final carbon content of 99.9%.

Meanwhile, graphite at the group’s M1 site graphite assayed at 98.9%.

Other highlights included an assay of graphite from its P1 site of 96.1%.

The company also raised C$2 million by way of a non-brokered private placement in May 2018, led by a strategic investment from investor entrepreneur Sasha Jacob. 

Goals for 2019 look sharp

Ceylon Graphite’s to-do list for 2019 looks compelling. 

This included filing an environmental impact analysis or initial environment examination to obtain an environmental protection license for the K1 and M1 site. 

Additionally, the company is aiming to start commercial production, expand the exploration work to at least three new sites and develop a processing capability in Sri Lanka. Lastly, it’s aiming to establish long-term contracts with the battery/energy storage equipment manufacturers.

CEO says graphite is the new oil

“Sri Lanka has the purest graphite on earth,” says CEO Bharat Parasher. “Unlike other places, which have flake and amorphous graphite, Sri Lanka has vein graphite. Vein graphite is like the veins in your body — its continuous flow, like a mini stream underground coming up from the core of the earth to the surface.”

The demand for graphite is expected to grow, particularly in light of electric vehicles.

“Decarbonization is taking place in a big way across the entire globe,” says Parasher. “Decarbonization is taking place not only in the electric vehicle space but also in energy storage in all forms of our daily life. We see graphite as the new oil.” 

Contact Katie Lewis at [email protected]

Story by ProactiveInvestors


Source: https://www.proactiveinvestors.com/companies/news/217165/ceylon-graphite-takes-aim-at-the-purest-graphite-on-earth-217165.html


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover -  Reduces Smart Meter radiation by 96%! (See Video).

Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.