Ceylon Graphite – Veteran Graphite Mining and Upgrading Executive Don Baxter Joins the Board of Ceylon Graphite
January 06 2020 - 4:01PM
Ceylon Graphite Corp. (“Ceylon Graphite”) (TSX-V:
CYL) (OTC: CYLYF) (FSE: CCY) today announced that Don Baxter has
joined the Board of Directors of the company.
Don Baxter is one of the premier graphite
experts outside of China, having built one of only two producing
graphite mines in North America. He is presently Chief Executive
Officer and Director of Applied Graphite Technologies Corp. Prior
to this, Don served as President, CEO and Executive Director of
Alabama Graphite Corp, successfully completing the company’s
disruptive Preliminary Economic Assessment (PEA) and introducing a
new, battery-focused strategy.
“Don brings to Ceylon experience, ideas and
capabilities we cannot find anywhere else,” said Bharat Parashar,
Chief Executive Officer. “Now that we are in commercial production,
we will benefit from his expertise as we invest to ensure we have
top quality upgraded graphite for the growing lithium-ion battery
market.”
As President and Chief Operating Officer of
Focus Graphite Inc., Don led Focus Graphite to wide recognition in
the graphite industry, updated the company’s PEA and advanced the
company to a completed Feasibility Study. He was also responsible
for rapidly advancing the development of value-added graphite
products, namely coated spherical purified graphite for the
lithium-ion battery sector. Prior to Focus, Don served as President
of Northern Graphite Corporation and was responsible for all
technical aspects relating to the Bissett Creek graphite project,
including the company’s Feasibility Study, metallurgical test work,
environmental and mine permitting, as well as developing
battery-related graphite products.
“I’m excited to join the Board of Ceylon,” said
Baxter. “As I look at the market today and the incredible demand
for high quality graphite products, I see that Ceylon is the real
deal – a production level operation, with purity and easy
upgradability you cannot find elsewhere. The potential is
incredible.”
Don also served as Mine Superintendent at the
Kearney Graphite Mine and was Director of Mining at Ontario
Graphite Ltd. Don holds a degree in Mining Engineering from Queen’s
University, is a Registered Professional Engineer and, is a past
member of the Board of Directors of the National Association of
Advanced Technology Batteries International (NAATBatt
International) — a US-based not-for-profit trade association
commercializing advanced electrochemical energy-storage technology
for emerging, high-tech applications — and is a ‘Qualified Person’
as defined by National Instrument 43-101 (NI 43-101)
guidelines.
About Ceylon Graphite Corp.
Ceylon Graphite Corp, is a public company
listed on the TSX Venture Exchange (CYL:TSX-V), that is in the
business of exploration and development of graphite mines in Sri
Lanka. The Government of Sri Lanka has granted the company
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. Graphite mined in Sri Lanka is known to be some of the
purest in the world, and currently accounts for less than 1% of the
world graphite production.
Qualified Person
Robert Marvin, P. Geo (ONT) is a Qualified
Person under National Instrument 43-101 and has reviewed and
approved the geological information provided in this news
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, Ceylon Graphite’s Mining License application 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, the drilling exercises
will confirm the presence of high quality graphite, sufficient
financial resources will be available, the records from the
drilling exercises prove to be accurate, there will be no
unanticipated delays or costs materially affecting Ceylon
Graphite’s exploration, development and production, 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.
These forward-looking statements are made as of
the date hereof and, except as required under applicable securities
legislation, Ceylon Graphite does not assume any obligation to
update or revise them to reflect new events or circumstances. All
of the forward-looking statements made in this press release are
qualified by these cautionary statements and by those made in our
filings with SEDAR in Canada (available at www.sedar.com)
Further information regarding the Company is available at
www.ceylongraphite.com
Bharat Parashar, Chairman and & Chief Executive Officer
Chairman & Chief Executive Officer
info@ceylongraphite.com
Corporate Communications
(202)352-6022
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