- Ceylon Graphite (CYL) opens UK office to facilitate R&D acceleration and access to the European battery market
- The UK is home to leading global research and technology advancement in graphite applications
- Ceylon will continue to build-out its production capacity in Sri Lanka for high-quality, low-cost graphite from its mines
- Graphite mined in Sri Lanka is known to be some of the purest in the world
- Ceylon Graphite Corp is down 2.13 per cent and is trading at C$0.23 at 11:52 am ET
Ceylon Graphite Corp. (CYL) has opened an office in the United Kingdom (UK).
The goal is to advance the company's interests in innovative applications for graphite and graphene in multiple market segments, including Europe’s massive push into vehicle electrification.
The UK is home to leading global research and technology advancement in graphite applications, is the birthplace of graphene, and is also where Ceylon’s Chief Science Officer and technology partners Dr. Siva Bohm and Dr. Mallika Bohm are located with their research labs.
“We see significant opportunity and definite need for our high-grade vein graphite to supply Lithium-Ion battery manufacturers in both UK and Europe,” said the Bharat Parashar, Chief Executive Office and Chair of the Board of Directors.
“By being resident in-market, we can more easily be directly involved in anode advancement for the EV and energy storage markets and work with our own scientists as well as government and other private sector researchers on innovative applications for graphite and graphene,” added Parashar.
Ceylon will continue to build-out its production capacity in Sri Lanka for high-quality, low-cost graphite from its mines while developing new patents for graphite and graphene uses in paints and coatings, construction materials, healthcare applications and anode improvements for the EV and energy storage markets.
Ceylon Graphite is a public company listed on the TSX Venture Exchange that is in the business of mining for graphite and developing and commercializing innovative graphene and graphite applications and products.
Graphite mined in Sri Lanka is known to be some of the purest in the world.
It has been confirmed to be suitable to be easily upgradable for a range of applications, including the high-growth electric vehicle and battery storage markets and construction, healthcare and paints and coatings sectors.
The Government of Sri Lanka has granted its wholly-owned subsidiary Sarcon Development (Pvt) Ltd. an IML Category A license for its K1 mine and exploration rights in a land package of over 120km².
Ceylon Graphite Corp is down 2.13 per cent and is trading at C$0.23 at 11:52 am ET.