Ceylon Graphite (TSX.V: CYL) (OTC: CYLYF) (FSE: CCY) today announced its first sale of graphite from its wholly owned subsidiary, Sarcon Development (Pvt) Ltd since the commencement of commercial production in December 2019. The sale of 1 ton of vein graphite with a Carbon content of 95-97% was to 2D Materials Pte Ltd of Singapore. 2D Materials purchased the graphite to assess it for its graphene production needs. The order is anticipated to ship immediately. “We are excited by this first order,” Ceylon Graphite CEO Bharat Parashar stated in the news release. “We know from our own testing and the historical record of Sri Lankan graphite that we have a high-quality vein graphite. This is the next step in accelerating our production rate to enable us to fulfill the needs of multiple customers.”
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About Ceylon Graphite Corp.
Ceylon Graphite is a public company listed on the TSX Venture Exchange that is in the business of exploration and development of graphite mines in Sri Lanka. The Government of Sri Lanka has granted the company exploration rights in a land package of over 120km². These exploration grids (each one square kilometer in area) cover areas of historic graphite production from the early twentieth century and represent a majority of the known graphite occurrences in Sri Lanka. Graphite mined in Sri Lanka is known to be some of the purest in the world, and currently accounts for less than 1% of the world graphite production. For more information, visit the company’s website at www.CeylonGraphite.com.
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