- 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 equipment production, as well as high-quality batteries, lubricants, and refractories. CYL’s product is certified as battery grade marketable as the company produces some of the purest natural graphite on the planet.
With a strong management team leveraging their significant local and Asian experience and excellent business relationships, the company operates some of the cheapest and quickest-to-market natural graphite facilities in the world, which are geographically well-positioned for the Eastern markets such as China, Japan, and Korea. In 2018, the company was named ‘Asia Pacific Mining Exploration Company of the Year 2018’ by Mines and Money (http://nnw.fm/ShV9Q).
The company’s industry leadership is evidenced in its Sri Lanka operations. Ceylon Graphite operates the largest land package in the country with significant evidence of past production dating back to Sri Lanka’s stint as the world’s biggest graphite producer – an excellent indicator of the presence of graphite. The company runs four sites with different degrees of completion. Last year the company’s subsidiary, Sarcon Development (Pvt) Ltd., was granted an industrial mining license category A for its K1 project at Karasnagala from the mining regulator in Sri Lanka. This is a considerable achievement as the graphite industrial mining license category A was issued only four times since the country’s independence in the ‘60s. This highest category license grants exclusive rights to mine, process, and trade in graphite mined within the specified area (http://nnw.fm/dhFD9).
CYL is focused on commercial production, constructing processing plants, and establishing long term sales contracts and joint ventures with battery and energy storage equipment manufacturers. It is expected that lithium-ion battery anode requirements will be the main driving force behind the demand for natural graphite. This production, however, requires high purity graphite – a minimum of 99.95% Cg – which CYL is capable of delivering. Its graphite can achieve 99.9997% Cg purity level (http://nnw.fm/rS4aM). Not only has the company achieved high-purity graphite results, it did so utilizing an environmentally responsible and sustainable thermal purification process devoid of dangerous and environmentally harmful acids – placing CYL at the forefront of the global graphite production map (http://nnw.fm/dDI3W).
With its capacity to deliver high-grade natural graphite, CYL is well-positioned to capitalize on the robust demand driven by the needs of production of electric vehicles and lithium-ion batteries for consumer electronics such as mobile phones, laptops, tablets, and media players. Li-ion batteries are present in over 90% of modern electronic devices, with 10 to 20 times more graphite then lithium-ion. Given the broad application of the natural graphite and its utilization in products that consumers and businesses are becoming increasingly dependent upon, the opportunities for market growth are vast. In this market, however, CYL has a unique position as the competition delivers significantly lower purity of natural graphite.
With production aimed at positioning the company as a global player, CYL is an attractive opportunity that will benefit investors with high growth potential on the tail of the robust international demand for natural graphite.
For more information, visit the company’s website at www.CeylonGraphite.com
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