Ceylon Graphite Announces Licence for Vein Graphite and Graphene Technologies
June 14 2021 - 6:15AM
Ceylon Graphite Corp. (“Ceylon Graphite”) (TSX-V:
CYL) (OTC: CYLYF) (FSE: CCY) is pleased to announce that it has
acquired an exclusive global licence from Cambridge Advanced
Materials & Innovation (“CAMI”). The licence pertains to a
method of producing high quality few-layer graphene (“FLG”) and
derivatives by exfoliation of high grade vein graphite produced by
Ceylon Graphite (“The Technology”).
This is a low-energy process which results in
high-yield, few layer graphene products. This industrial process is
already fully designed for large volume production, and is
scalable, with modules added as demand increases. Upon completion
of the licence agreement, Ceylon Graphite has gained full access to
all intellectual property surrounding The Technology and know-how.
Use of Ceylon’s high-grade feedstock material- vein graphite -
leads to minimal to nil industrial waste during the production of
graphene. The combination of unique raw materials and eco-friendly,
low-cost production process, places Ceylon in a position to offer
high quality graphene products at an attractive price.
The graphene market has been growing at a
significant rate, and a number of potential customers have
indicated their interest in joint development and/or collaboration
in graphene product applications. Ceylon has commenced its graphene
product validation in a myriad of industrial applications. In
particular, use of resultant graphene in Silicon additive
utilization technology for Li-ion batteries is shown to be
promising. This opens up a whole new technology area for Ceylon
Graphite’s value added product range.
Ceylon CEO, Don Baxter stated, ”I am excited for
Ceylon to have this technology. In the past talk of graphene has
always been on a micro scale and issues around production of large
quantities was always a hurdle to overcome. Ceylon has acquired an
industrial scale process that will allow us to utilize graphene
additives in commercial applications developed by Drs Siva and
Mallika Bohm. The onset of the EV revolution has provided an
opportunity for Ceylon to contribute in a meaningful way, through
enhancements to the graphite anode in a lithium ion battery.”
Qualified Person
Donald K.D. Baxter, P. Eng. is a Qualified
Person under National Instrument 43-101 and has reviewed and
approved the technical information provided in this news
release.
About Ceylon Graphite
Corp.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 and 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 as well as construction, healthcare and paints and coatings
sectors. The Government of Sri Lanka has granted the Company’s
wholly owned subsidiary Sarton Development (Pvt) Ltd. an IML
Category A license for its K1 mine and exploration rights in a land
package of over 120km². These exploration grids (each one square
kilometer in area) cover areas of historic graphite production from
the early twentieth century and represent a majority of the known
graphite occurrences in Sri Lanka.
Further information regarding the Company is
available at www.ceylongraphite.com
Don Baxter, Chief Executive Officer
info@ceylongraphite.com Corporate Communications 1 604-765-8657
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release
FORWARD LOOKING STATEMENTS:
This news release contains forward-looking
information as such term is defined in applicable securities laws,
which relate to future events or future performance and reflect
management's current expectations and assumptions. The
forward-looking information includes statements about Ceylon
Graphite’s grids, Ceylon Graphite’s plans to undertake additional
drilling and to develop a mine plan, and to commence establishing
mining operations. Such forward-looking statements reflect
management's current beliefs and are based on assumptions made by
and information currently available to Ceylon Graphite, including
the assumption that, there will be no material adverse change in
metal prices, all necessary consents, licenses, permits and
approvals will be obtained, including various Local Government
Licenses and the market. Investors are cautioned that these
forward-looking statements are neither promises nor guarantees and
are subject to risks and uncertainties that may cause future
results to differ materially from those expected. Risk factors that
could cause actual results to differ materially from the results
expressed or implied by the forward-looking information include,
among other things, an inability to reach a final acquisition
agreement, inaccurate results from the drilling exercises, a
failure to obtain or delays in obtaining the required regulatory
licenses, permits, approvals and consents, an inability to access
financing as needed, a general economic downturn, a volatile stock
price, labour strikes, political unrest, changes in the mining
regulatory regime governing Ceylon Graphite, a failure to comply
with environmental regulations and a weakening of market and
industry reliance on high quality graphite. Ceylon Graphite
cautions the reader that the above list of risk factors is not
exhaustive.
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