Recent News

Ceylon Graphite Announces New Discovery at Hakbewa Site

December 7, 2018

VANCOUVER, B.C., Dec. 07, 2018 (GLOBE NEWSWIRE) -- Ceylon Graphite Corp. (“Ceylon Graphite”) (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) today announced the discovery of three new, natural crystalline graphite veins over 15 cms in width between 68.93 meters and 69.53 meters downhole at its H1 site in the Hakbewa area in Sri Lanka. These veins were discovered in the normal course of drilling at the H1 site and samples from the discovery have been sent to the Sri Lanka Government’s Geological Survey and Mines Bureau’s laboratory for testing.

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Ceylon Graphite Tops Spherical Graphite Parameters

November 6, 2018

VANCOUVER, British Columbia, Nov. 06, 2018 (GLOBE NEWSWIRE) -- Ceylon Graphite Corp.("Ceylon Graphite" or the "Company")(TSX-V:CYL) (OTC:CYLYF) (FSE: CCY) announced today that Dorfner Analysenzentrum und Anlagenplanungsgesellschaft mbH ("ANZAPLAN") has certified graphite obtained from its K 1 exploration site meets the parameters of spherical graphite required for battery and energy storage applications. These tests conducted by ANZAPLAN over the last month confirm Ceylon Graphite's end goal of producing premium battery grade spheroidized product for prospective lithium-ion battery manufacturers and other energy storage end-users.

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Ceylon Graphite Receives DTC Eligibility

November 5, 2018

VANCOUVER, British Columbia, Nov. 05, 2018 (GLOBE NEWSWIRE) -- Ceylon Graphite Corp. (“Ceylon Graphite” or the “Company”) (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) announces that it has secured The Depository Trust Company (DTC) eligibility for its shares traded in the United States under the symbol CYLYF. The Company's common shares traded on the OTC Market in the United States, under the symbol "CYLYF" are Depository Trust Company ("DTC") eligible, effective November 1, 2018. The DTC will facilitate electronic settlement of transfers of its common shares in the United States. Bharat Parashar, Chairman and Chief Executive Officer of Ceylon Graphite said: "Ceylon Graphite registering its shares with DTC is a fundamental step towards establishing the company with the American investment community. This electronic method of clearing securities expedites the receipt of stock and cash, and thus accelerates the settlement process for investors and brokers, enabling the stock to be traded over a much wider selection of brokerage firms. The DTC's electronic settlement of our shares is critical to having an effective market for our securities. We look forward to a long and mutually beneficial relationship with the American investment community."

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CEYLON GRAPHITE’S NEW RESOURCE ESTIMATE AT THE MALSIPURA PROJECT SHOWS SIGNIFICANT ECONOMIC VALUE

October 2, 2018

October 2nd , 2018 - Vancouver, BC - Ceylon Graphite Corp. (“Ceylon Graphite”or the “Company”) (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) is pleased to announce it has filed a technical report (the “Technical Report”) for the Malsipura Graphite Project (“Malsipura Project”). The Technical Report is available on SEDAR (www.sedar.com) and will be posted on the Company website shortly. The Technical Report was prepared in accordance with the requirements of National Instrument 43-101- Standards of Disclosure for Mineral Projects (“NI 43-101”). Dr Christian Derosier, author of the Technical Report states “The mineral resource in terms of tonnage is roughly similar to the tonnage presently existing in the Bogala and Kahatagaha mines. This is vein graphite with high carbon content and we know that the high initial carbon content of Malsipura Project’s vein graphite ore will present an advantage over conventional flake graphite ore as the beneficiation effort required to achieve a high grade concentrate is reduced. The Malsipura Project site is a good prospect for economic extraction” Bharat Parashar, Chief Executive Officer of Ceylon Graphite states: “We commissioned Dr Derosier to conduct the NI 43-101 compliant study at our Malsipura Project to confirm that all our assessments of the quantum of resource available were realistic and this has been proven to be the case. If just one of our sites has tonnage similar to the Kahatagaha and Bogala mines, considering we have over 100 other Grids, the possibilities for Ceylon Graphite are mind boggling. Moving ahead at full speed to develop this site is a very compelling story”.

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Ceylon Graphite Corp Confirms Marketable Battery Grade Graphite

September 27, 2018

VANCOUVER, British Columbia, Sept. 27, 2018 (GLOBE NEWSWIRE) — Ceylon Graphite Corp. (“Ceylon Graphite”or the “Company”) (CYL.V) (CYLYF) (CCY.F) announced today that Dorfner ANZAPLAN has certified that graphite obtained from its K1 site is upgradeable and meets the specifications of marketable battery grade graphite with a final carbon content of 99.96 wt -%. Dorfner ANZAPLAN and its laboratory, based in Hirschau, Germany are accredited by the DAkkS-accreditation chamber, which is a signatory to the multilateral agreements of EA, ILAC and IAF for mutual recognition, meaning that analyses and testing by ANZAPLAN is internationally accepted. In addition, services by Dorfner ANZAPLAN are certified and approved by ISO 9001:2015 and ISO 14001:2015. These tests, conducted over the last month confirm Ceylon Graphite’s end goal of producing a premium grade marketable battery grade product for prospective lithium-ion battery manufacturers and other energy storage end-users. The next step of the test work targets evaluating the feasibility of producing a spherical graphite product from the graphite samples provided by Ceylon Graphite.

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Ceylon Graphite Announces Best Ever Assay Results

September 12, 2018

VANCOUVER, B.C., Sept. 12, 2018 (GLOBE NEWSWIRE) -- Ceylon Graphite Corp. (“Ceylon Graphite”) (CYL.V) (CYLYF) (CCY.F) is pleased to announce the assay test results of samples from the large untapped natural graphite vein discovered in late August 2018 at its K1 site in the Karasnagala area in Sri Lanka.

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Ceylon Signs Three New Land Agreements on Assay Results Showing 96.13% Pure Graphite Carbon Content

August 24, 2018

VANCOUVER, British Columbia, Aug. 24, 2018 (GLOBE NEWSWIRE) -- Ceylon Graphite Corp. (“Ceylon Graphite”) (CYL.V) (CYLYF) (FSE: CCY) is pleased to announce that it has received assay results of laboratory testing of graphite samples taken from the overburden of its exploration GRID no 23, under Exploration License No EL/222/R/2 in the Pasyala area in Sri Lanka.

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30 Kgs of CYL’s High Cg Graphite Being Tested

July 17, 2018

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.

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Ceylon Graphite Completes $2million Non-Brokered Private Placement led by Strategic Investment from Mr. Sasha Jacob

May 23, 2018

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.

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Large New Graphite Veins Discovered

April 12, 2018

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.

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Ceylon Graphite Named Asia Pacific Exploration Mining Company of the Year

April 5, 2018

Ceylon Graphite Corp. ("Ceylon Graphite" or the "Company") (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) is pleased to announce that the Company was named the Asia Pacific Exploration Mining Company of the Year for 2018 by Mines and Money at their conference in Hong Kong. The Company owns the majority of the known graphite deposits in Sri Lanka, the home of the purest graphite in the world. Graphite is the largest mineral component in lithium-ion batteries.

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Ceylon Graphite Shortlisted for Awards at Upcoming Mines and Money Asia Conference

March 28, 2018

Ceylon Graphite is pleased to announce that the Company will be attending the Mines and Money Asia Conference being held in Hong Kong from the 3rd of April to the 6th of April 2018 to introduce Ceylon Graphite to the Asia Pacific markets. The Company has also been shortlisted for two awards by the organisers of the Conference and several well-respected industry experts.

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Discovery of New Graphite Veins

March 20, 2018

Ceylon Graphite Corp. ("Ceylon Graphite") (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) today announced significant advancements of its mining operations at its K1and K2 sites. The upgraded and refurbished shaft has now reached the bottom at a depth of over 190ft.

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New Graphite Veins and Tunnels

February 6, 2018

February 6, 2018 - Vancouver, BC - Ceylon Graphite Corp. (“Ceylon Graphite”) (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) today announced significant advancements of its mining operations at its K1 site. The upgraded and refurbished shaft has now reached a depth of over 130 ft and will continue to the current bottom of the shaft. Dewatering of the main shaft has been completed.

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Ceylon Graphite's K1 Shaft Refurbished to 100 Feet

November 27, 2017

November 27, 2017 - Vancouver, BC - Ceylon Graphite Corp. (“Ceylon Graphite”) (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) announces significant advancements in the clearing and refurbishment of the graphite shaft and adit at its K1 site. The upgraded and refurbished shaft has now reached a depth of 100 ft. and will continue to the current bottom of the shaft which is anticipated at around 130 ft. Drilling operations simultaneously continue as previously announced.

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Ceylon Graphite Purchases Second Drill Rig

November 9, 2017

November 9th, 2017 – Ceylon Graphite Corp. (“Ceylon Graphite”) (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) announces that Sarcon Development (Pvt) Ltd., a wholly owned subsidiary of Ceylon Graphite, has purchased a 2017 HY-2T type Core Drilling Rig from H.H. Drill-Tech Drilling Machinery Co. Ltd., a arm’s length party, based in Lianyungang, Jiangsu Province, China. Thirty (30%) percent of the purchase price of the rig was payable on signing of the definitive purchase agreement, and the balance will be paid on delivery. Upon completion of the acquisition, Ceylon Graphite will own two drilling rigs in Sri Lanka.

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Ceylon Graphite Assays 98.89% Carbon Content

November 4, 2017

November 4, 2017 – Ceylon Graphite Corp. (“Ceylon Graphite”) (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) announces it has received assay results of laboratory testing of graphite samples taken from the overburden of its exploration GRIDs in the Malsiripura and Katuwana areas in Sri Lanka. These results indicate carbon content ranging from 98.89% to 78.43% (w/w). The laboratory testing was done by Kahatagaha Graphite Lanka Ltd. (Government owned mining company) and SGS India Pvt Ltd.

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Ceylon Graphite Receives Grab Sample Assay of 86.63% Carbon

May 2, 2017

May 2, 2017 – Ceylon Graphite Corp. (“Ceylon”) (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) announces that Sarcon Development (PVT) Ltd (“Sarcon”) its wholly owned subsidiary has conducted a “pre drilling” grab sample of historic dump material (graphite and quartzite) including substantial rock fragments of graphite from its K1 site in Karasnagala. The K1 site was selected for its historic crystalline graphite production as it contains a number of abandoned mine shafts and adits, and is inundated with dump material.

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Ceylon Graphite Commences Drilling

April 27, 2017

April 27, 2017 – Ceylon Graphite Corp. (“Ceylon”) (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) announces that it has commenced drilling at its K1 site, which is a past producinggraphite mine. Drilling at K1 will initially focus on the area identified during VLF mapping around the old mine site. The K1 site is currently the highest priority grid that has been identified by the local geological team.

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Ceylon Graphite Purchases Drill Rig

April 25, 2017

April 25, 2017 – Ceylon Graphite Corp. (“Ceylon”) (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) announces that Sarcon Development (PVT) Ltd (“Sarcon”) its wholly owned subsidiary has purchased a HXY-2T type Core Drilling Rig from the H.H. Drill-Tech Drilling Machinery Co Ltd based in Lianyungang, Jiangsu Province, China. It is anticipated the drill will arrive in Sri Lanka by the middle of May. For it’s immediate requirements, Sarcon has hired a local drilling operator, currently on site to start the drilling process at its K1 site which is a past producing graphite mine. Drilling at K1 will initially be in the area identified during VLF ground mapping around the old mine site and then other parts of the grid.

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Toronto’s Mayor to Visit Ceylon Graphite in Sri Lanka

March 20, 2017

VANCOUVER, British Columbia, March 20, 2017 (GLOBE NEWSWIRE) -- Ceylon Graphite Corp. (“Ceylon”) (TSX-V:CYL) (OTC:CYLYF) (FSE:CCY) will host Toronto’s Mayor, His Worship John Tory along with several Canadian government representatives to celebrate the commencement of Ceylon Graphite operations in Sri Lanka. They will be the honoured guests at Ceylon Graphite’s reception in Colombo and will be joined by Sri Lankan political and business leaders. The reception will also acknowledge the history of significant investment in Sri Lanka by Ceylon founder, Toronto-based Sasha Jacob and Jacob Capital Management Inc., as well as the revitalization of global demand for pure vein graphite through his efforts. The honoured guests will then travel to the company’s first priority historic mine site to cut the ribbon symbolizing the restart of commercial operations of Sri Lanka historic graphite sites.

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Ceylon Graphite Provides Corporate Update

February 28, 2017

VANCOUVER, British Columbia, Feb. 28, 2017 (GLOBE NEWSWIRE) -- Ceylon Graphite Corp. (“Ceylon”) (TSX-V:CYL) (OTC:NWNYF) (Frankfurt:CCY) provides the following corporate update related to its Sri Lanka graphite projects.

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Projects
K1 Development Project
Ceylon Graphite’s  First Development Project. Explore the mine and learn more about this development.
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Malsiripura Development Project
Ceylon's wholly owned subsidiary JADS Enterprises (Private) Ltd., a local Sri Lankan mining company that has five graphite exploration Grid units and an exploration license in the Malsiripura region.
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