Ceylon Graphite Announces Management Addition
June 03 2021 - 7:15AM
Ceylon Graphite Corp. (“Ceylon Graphite”) (TSX-V:
CYL) (OTC: CYLYF) (FSE: CCY) is pleased to announce the appointment
of Mr. Rodney Stevens as Vice President, Corporate Development for
the Company. Mr. Stevens is a Chartered Financial Analyst (“CFA”)
charterholder with over a decade of experience in the capital
markets, first as an investment analyst with Salman Partners Inc.
and subsequently as a merchant and investment banker.
While at Salman Partners, he became a top-rated analyst as named
by StarMine on July 17, 2007 for the metals and mining industry.
Mr. Stevens was also a Portfolio Manager registered with Wolverton
Securities Ltd. and over the course of his career, he has been
instrumental in assisting in financings and mergers and
acquisitions activities worth over $1 billion in transaction
value.
Donald Baxter, Ceylon’s President and CEO commented, “Rodney
will be an invaluable asset to the CYL team as we continue to build
Ceylon into a profitable producer of innovative graphite and
graphene products for the battery industry and beyond. I am excited
to continue the work underway by Ceylon, and happy that Rodney is
available to help us rapidly advance our goals.”
Recent developments from General Motors, Volkswagen, Ford and
most other Automotive OEMs continues to add to the momentum for EV
adoption and ever-increasing demand for critical input materials.
The focus on supply chains for this critical industry was amplified
by the Covid 19 pandemic. The need for processed materials such as
graphite has been recognized more so in the past year along with
lithium, cobalt and nickel. The significance of regional supply
chain and processing capabilities makes Ceylon’s fully integrated,
mine-to-battery approach a key strategy supporting the EV
revolution.
“Rodney will focus on ensuring markets and investors understand
Ceylon Graphite’s unique ESG benefits and advantages that stem from
our high-grade in-situ graphite,” added Baxter. “We have a story
unlike any other graphite company in the world, just more people
need to hear it and we intend to do just that.”
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 Sarcon 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.
Ceylon Graphite (TSXV:CYL)
Historical Stock Chart
From Sep 2024 to Oct 2024
Ceylon Graphite (TSXV:CYL)
Historical Stock Chart
From Oct 2023 to Oct 2024