VANCOUVER, British Columbia, Aug. 06, 2020 (GLOBE NEWSWIRE) -- Ceylon Graphite Corp. (“Ceylon Graphite” or the “Company”) (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) announces its intention to complete a non-brokered private placement of units (“Units”) for gross proceeds of up to C$ 8,100,000 or US$ 6,000,000 (US$1= C$1.35) to a consortium of four international investors (the “Offering”).
June 2, 2020, Vancouver – Ceylon Graphite Corp. (“Ceylon Graphite”) (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) is pleased to announce its first sale of graphite from its wholly owned subsidiary, Sarcon Development (Pvt) Ltd.
June 2, 2020, Vancouver – Ceylon Graphite Corp. (“Ceylon Graphite”) (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) is pleased to announce its first sale of graphite from its wholly owned subsidiary, Sarcon Development (Pvt) Ltd.
Ceylon Graphite Corp is very pleased to announce excellent results of Spheronization test work carried out at an independent facility with vein graphite from our K1 mine.
Ceylon Graphite Corp. is very pleased to announce that it has achieved 99.9997% Cg purity utilizing a thermal purification process with vein graphite from our K1 Mine.
Ceylon Graphite Corp. announces its intention to complete a non-brokered private placement of units (“Units”) at a price of $0.25 per Unit for gross proceeds of up to $3,500,000.
Ceylon Graphite (CYL.V), which has taken the unusual (in mining circles) decision to just freaking start digging, rather than go through eight years of behind-protection, triangulation, and capital raising first, is up 20% today as the first containers fill with graphite and execs chase down end user agreements.
“We are finally in commercial production mode and look forward to selling our first container of Sri Lankan vein graphite — today we have brought two tons of raw graphite to the surface,” said Bharat Parashar, chief executive officer. “These three years have been a learning process and, whilst this is just the first step to creating a globally recognized graphite mining company, we are now much better prepared to develop our next sites and at a faster pace.”
Ceylon Graphite Corp.’s (CYL.V) wholly owned subsidiary, Sarcon Development (Pvt.) Ltd., has started commercial production at its K1 graphite mining project at Karasnagla, Sri Lanka.
