Ceylon Graphite is honoured to be named Mines and Money Asia's 2018 Asia-Pacific Exploration Mining Company of the Year! Learn more about the awards.
VANCOUVER, British Columbia, July 17, 2018 (GLOBE NEWSWIRE) -- Ceylon Graphite Corp.("Ceylon Graphite"or the "Company") (TSX-V:CYL) (OTC:CYLYF) (FSE:CCY) announced today that it has sent 30 kilograms of high carbon (Cg) content (90%+) natural graphite from its K1 mine site to Dorfner ANZAPLAN for advanced testing.Read more
Ceylon Graphite Corp. (“Ceylon Graphite”) (TSX-V:CYL) (OTC:CYLYF) (FSE:CCY) is pleased to announce it has completed a non-brokered private placement offering of units, at a purchase price of CDN$1.00 per Unit for aggregate gross proceeds of CDN$2,000,000 led by a strategic investment from Mr. Sasha Jacob. Each Unit will be comprised of CDN$1.00 in principal amount of convertible debentures and two common share purchase warrants. The principal amount of the Convertible Debentures will be convertible at the holder’s option into fully-paid common shares in the capital of the Company at any time prior to Maturity in three years, at a conversion price of CDN$0.25 per share. This is a premium of 25% to the current share price of CDN$0.20.Read more
Ceylon Graphite Corp. (“Ceylon Graphite”or the “Company”) (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) today announced the discovery of two new large graphite veins at a depth of over 200 ft at their K1 site. Each vein is around 18 inches ( 46 cm) across and is situated in ceiling of a drive on the Northside of the tunnel (shown in the pictures below). Samples were taken from the veins and sent to the Geological Survey and Mining Bureau of the Government of Sri Lanka for carbon testing. Laboratory tests indicate a Cg level of 89.2 %. These samples will also be sent to laboratories for micronization to 20 microns and then spheroidization tests. With these two veins and the two found earlier, Ceylon Graphite now has discovered four sizeable veins within the last 15 days. The Company anticipates that there are additional similar sized or larger veins at lower depths and continues to actively pursue its aggressive exploration plan at it’s K1 site. A map of the underground site is shown below.Read more