VANCOUVER, March 08, 2022 (GLOBE NEWSWIRE) -- Ceylon Graphite Corp. (“Ceylon” or the “Company”) (TSXV: CYL) (OTCQB: CYLYF) (FSE: CCY) is pleased to provide the following update on recent development work and the Company’s plans for 2022.
A New Strategic Direction Focused on Creating Maximum Shareholder Value
In June 2021, the Company announced the appointment of graphite-industry veteran and Ceylon Board member Donald Baxter, P.Eng. as Chief Executive Officer, President and Executive Director. Mr. Baxter is one of the premier graphite experts outside of China, having built one of only two producing graphite mines in North America. Prior to joining Ceylon, Mr. Baxter served as President, CEO and Executive Director of Alabama Graphite Corp. (“AGC”), repositioning and transforming the company with its disruptive Preliminary Economic Assessment (“PEA”) and a suite of high-performance specialty battery-ready graphite products, leading to AGC’s acquisition by a US-based mining company.