CEYLON GRAPHITE CORP - CYLYF STOCK NEWS

Ceylon Graphite Corp. (TSX-V: CYL, OTC: CYLYF) announced the renewal of its Industrial Mining Licence for the M1 mining project in Sri Lanka, allowing exclusive graphite mining rights. The company plans to deepen the mine shaft and has doubled hoisting capacity. Despite recent political unrest, operations were minimally impacted with only slight delays in permit finalization. The renewal and permitting of both M1 and K1 projects position the company to achieve free cash flows from high-grade graphite production in the coming months.

Ceylon Graphite Corp. announced the renewal of its Industrial Mining Licence for the Karasnagala, "K1" Mine in Sri Lanka, the highest category licence from the Geological Survey and Mines Bureau. This renewal underscores the company's compliance with GSMB requirements and its strong local support. Following recent financing, the company aims to enhance cash flows from its high-grade graphite operations. The K1 mining site consists of over 120km² of exploration rights, positioning Ceylon Graphite to play a significant role in the growing graphite market for electric vehicles and other sectors.

Ceylon Graphite Corp (TSX-V: CYL) has achieved a breakthrough in vein graphite anode material for lithium-ion batteries. Testing at University College London revealed a specific discharge capacity of 171 mAh/g, outperforming the industry standard of 153 mAh/g. The enhanced performance is attributed to high crystallinity and purity, alongside proprietary nano silicon technology. Ceylon is pursuing a mine-to-battery strategy to maximize value from its Sri Lankan graphite, which has minimal processing requirements, offering an environmental advantage.

Ceylon Graphite Corp. (TSXV: CYL; OTCQB: CYLYF) has announced a strategic shift toward becoming a downstream "mine-to-battery" producer of high-value graphite products, particularly for electric vehicle batteries. The company, under CEO Donald Baxter, aims to transform its high-grade Sri Lankan vein graphite into battery-ready specialty graphite. Ceylon's facility will focus on producing coated spherical battery-ready graphite, with potential pricing between US$8,000 to $12,000 per tonne. Recent tests indicate enhanced performance of its silicon-enhanced anode materials, gaining the interest of multiple OEMs.

Ceylon Graphite has made significant advancements in its silicon-enhanced vein graphite for lithium-ion batteries, achieving a 13% increase in discharging capacity during initial testing at WMG Battery Catapult, University of Warwick. The specific discharge capacity reached 446 mAh/g, outperforming both its baseline vein graphite and commercial synthetic graphite. The company aims to integrate vertically in the battery market, maximizing the value of Sri Lankan vein graphite, which is known for its high grade. Additionally, Ceylon issued 4 million stock options to key personnel.

Ceylon Graphite Corp. announced the appointment of Rita Theil as the new Non-Executive Chair of its Board of Directors, effective immediately. Ms. Theil boasts extensive governance experience in regulated industries and is currently the President and CEO of JacKryn Holdings Inc. She has held various significant independent board positions and is also a former director at CITIBANK. Ceylon's CEO, Don Baxter, noted her expertise in international M&A and corporate governance will enhance the company’s strategic direction, particularly in the emerging battery materials market.

Ceylon Graphite Corp. (TSX-V: CYL, OTC: CYLYF) will present virtually at the Sequire Metals & Mining Conference on January 27, 2022, at 12:30 PM ET. The CEO, Donald Baxter, will lead the presentation, with 1x1 meetings available throughout the day. The conference aims to explore opportunities in the mining industry, particularly related to electric vehicles. Ceylon Graphite specializes in mining high-purity graphite in Sri Lanka, holding an IML Category A license for its K1 mine and rights over 120km² of exploration land.

Ceylon Graphite Corp. (TSX-V: CYL, OTC: CYLYF) has received a renewal of its Environmental Protection Licence from the Central Environmental Authority of Sri Lanka for the K1 Mine, valid for three years. This renewal signifies compliance with environmental standards following a successful inspection. CEO Don Baxter expressed satisfaction with the technical team's adherence to these standards and is optimistic about future production growth. The company aims to strengthen its position as a battery technology entity, focusing on ESG factors and high-performance battery-grade graphite sourced from its Sri Lankan deposits.

Ceylon Graphite Corp. (TSX-V: CYL) (OTC: CYLYF) announced a review by the British Columbia Securities Commission (BCSC) revealing their technical report did not comply with National Instrument 43-101 standards. The report must be revised as the mineral resource estimate was not prepared according to industry practices. The BCSC stated that the previous report, dated December 6, 2021, is unreliable until an amended independent report is submitted.