Ceylan Graphite succeeds in producing high performance


Out Performs Leading Commercial Producers:

Average initial capacity of 435 mAh / g – Average reversible capacity of 382 mAh / g

VANCOUVER, British Columbia, September 27, 2021 (GLOBE NEWSWIRE) – Ceylan Graphite Corp. (“Ceylon Graphite”) (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) is pleased to announce that it has achieved a significant breakthrough in the performance of its vein graphite anode material (C 99.995%) in the cell part for the lithium-ion (“Li-ion”) battery market. When tested at a leading independent global facility, WMG, which is part of the Energy Innovation Center at the University of Warwick, the material of the Ceylon venous graphite anodes far exceeded comparable anodes manufactured. with standard commercial synthetic graphite. This is the first time in the history of battery research that commercial spherodized venous graphite materials are tested in a lithium-ion battery in a button cell.

The results gave a reversible capacity (RC) of 382 mAh / g, which is beyond what is expected for the best synthetic graphite currently in commercial use with an RC of 363 mAh / g. Data was collected from 5 separate button cells for Ceylon graphite and for materials from commercial synthetic suppliers. The galvanostatic graphs below illustrate these results:

A media excerpt accompanying this announcement is available by clicking on the image or link below:

The stable C / 5 cycle gave an average reversible capacity of 353 mAh / g with a standard deviation of 9 mAh / g over 25 cycles compared to the synthetic supplier 307 mAh / g. The batteries are tested at a rate of C / 5, which means 5 hours to charge and 5 hours to discharge, achieving approximately 2+ full cycles per day

The exceptional performance of Ceylon vein graphite over synthetic graphite currently in commercial use is due to the high crystallinity of Sri Lanka vein graphite. The first results prove the suitability of our material for lithium-ion battery anodes for autonomous or possible mixing with synthetic graphite.

Ceylon CEO Don Baxter said: “I expected very good results from our first battery tests, but I was delighted to see that my expectations were far exceeded by our graphite vein. These results constitute a very significant development for Ceylon. The unique characteristics of our Sri Lankan venous graphite combined with our proprietary processing technologies produce a Li-ion battery with significantly higher power and energy as tested by WMG. The Company believes that based on the results, Ceylon Graphite will set a new industry standard. In addition, we believe that the end-to-end power consumption of the process of producing battery grade anode material from vein graphite is the lowest, compared to synthetic and flake graphite, due to the fact that the Sri Lankan graphite does not require primary treatment. , due to the high in situ content greater than 90% Cg. “

The test results and Ceylon’s unique position in the market create opportunities for large-scale development, business partnerships and sales of advanced materials. Ceylon’s significant resource positions and our energy products division (Ceylon Graphite Technologies (UK)) will enable the Company to become a stand-alone battery technology company, with exclusive access to a unique and high-grade battery grade graphite. lower cost performance of our wholly-owned deposits in Sri Lanka.

QUALIFIED PERSON

Donald KD Baxter, P. Eng., CEO of Ceylon Graphite Corp., is a Qualified Person as defined by National Instrument 43-101 (“NI 43-101”) guidelines and has reviewed and approved the contents of this press release .

About Ceylon Graphite Corp.

Ceylon Graphite is a public company listed on the TSX Venture Exchange, engaged in the mining of graphite and the development and commercialization of innovative graphene and graphite applications and products. Graphite mined in Sri Lanka is known to be one of the highest grades in the world and has been confirmed to be suitable to be easily upgraded for a range of applications, including high growth vehicle markets. electrical and battery storage, as well as the construction, healthcare and paints and coatings industries. The Government of Sri Lanka has granted Sarcon Development (Pvt) Ltd., a wholly-owned subsidiary of the company, a Category A IML license for its K1 mine and its exploration rights to a land area of ​​over 120 km². . These exploration grids (each one square kilometer in area) cover areas of historical graphite production since the early 20th century and represent the majority of known graphite occurrences in Sri Lanka.

More information about the Company is available at www.ceylongraphite.com

Don Baxter, CEO

[email protected]

Business communication

+1 (604) 765 8657

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FORWARD-LOOKING STATEMENTS:

This press release contains forward-looking information as defined in applicable securities laws, which relates to future events or future performance and reflects the current expectations and assumptions of management. Forward-looking information includes statements about Ceylon Graphite’s networks, Ceylon Graphite’s plans to undertake additional drilling and develop a mining plan, and begin to establish mining operations. These forward-looking statements reflect the current beliefs of management 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 and market licenses. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties which may cause future results to differ materially from those expected. Risk factors that could cause actual results to differ materially from results expressed or implied by forward-looking information include, among others, an inability to enter into a final acquisition agreement, inaccurate results of drilling exercises, failure to obtain or delays in obtaining required licenses, permits, regulatory approvals and consents, inability to access financing when needed, general economic downturn, volatile stock price, strikes, political unrest, changes in the mining regulatory regime governing Ceylon graphite, failure to comply with environmental regulations and a weakening of market and industry dependence on high quality graphite. Ceylon Graphite cautions the reader that the above list of risk factors is not exhaustive.

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