New Risk • Sep 15
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.1m free cash flow). Share price has been highly volatile over the past 3 months (28% average weekly change). Negative equity (-CA$76k). Earnings have declined by 15% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$3.77m market cap, or US$2.77m). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Shareholders have been diluted in the past year (18% increase in shares outstanding). Recent Insider Transactions • Jun 19
Chief Financial Officer recently bought CA$100k worth of stock On the 14th of June, Michael Kinley bought around 2m shares on-market at roughly CA$0.05 per share. This transaction increased Michael's direct individual holding by 30x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Michael has been a buyer over the last 12 months, purchasing a net total of CA$101k worth in shares. Aankondiging • May 01
Ceylon Graphite Announces M1 License Renewed Allowing for Recommencement of Mining Activities Ceylon Graphite Corp. announced that its IML C license at its M1 mine has been renewed. The delay in license renewal was due to a series of changes in the licensing process, requirements and personnel. The Company does not anticipate any further delays in licensing and intends to apply for the IML A license shortly which will allow high volume production and sales. Graphite mining and removal of material via the mine shaft will re-commence immediately, with separation of high-grade graphite taking place on site. Construction of an incline tunnel will begin shortly which will allow for rail access via a 200m tunnel, significantly increasing the volume of material which can be moved daily. The Company intends to complete two exploration chambers underground to allow for horizontal drilling to further optimize production. M1 graphite is consistently above 90% carbon allowing for direct sales without further processing. The Company anticipates building a graphite processing plant at the M1site to process the graphite to 99%+. The in-country team has built such a plant previously in Sri Lanka and expects increased revenue potential from the 99%+ material, once processed. New Risk • Mar 01
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$1.1m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.1m free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Negative equity (-CA$76k). Earnings have declined by 15% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$6.09m market cap, or US$4.49m). Minor Risk Shareholders have been diluted in the past year (13% increase in shares outstanding). Aankondiging • Nov 28
Ceylon Graphite Corp., Annual General Meeting, Jan 31, 2024 Ceylon Graphite Corp., Annual General Meeting, Jan 31, 2024. Aankondiging • Oct 28
Ceylon Graphite Corp. announced that it has received CAD 0.365 million in funding Ceylon Graphite Corp. announced a non-brokered private placement that it has issued 9% senior secured convertible debenture units of the company for the gross proceeds of CAD 365,000 on October 27, 2023. Each debenture unit consists of CAD 1,000 principal amount of 9% senior secured convertible debenture of the company and 20,000 common share purchase warrants of the company, with each warrant exercisable for one common share of the company at an exercise price of CAD 0.06 per warrant share for a period of one year from the date of issuance. The debentures shall bear interest at an annual rate of 9%, payable in cash semi-annually in arrears. Interest on the debentures may alternatively be paid in common shares of the company at the company’s option, subject to the approval of the TSXV. In connection with the financing, the company has issued to eligible finders an aggregate of 455,000 finders warrants. New Risk • Oct 20
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 19% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$2.2m free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 22% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$6.36m market cap, or US$4.64m). Minor Risk Shareholders have been diluted in the past year (2.9% increase in shares outstanding). Aankondiging • Sep 13
Ceylon Graphite Corp. Announces Executive Changes Ceylon Graphite Corp. announced that Michael Kinley has been appointed the Chief Financial Officer of the Company effective immediately. Mr. Kinley is a Chartered Professional Accountant with extensive public company experience having served as CFO for a number of junior public companies for the past thirty years. Previously, Mr. Kinley was a partner with KPMG. Mr. Kinley is succeeding Abbey Abdiye in the role of Chief Financial Officer of Ceylon. Aankondiging • Jul 22
Ceylon Graphite Corp. Achieves New Concentration and Conductivity Records When Studied in the Manufacture of an Adaptable Sensing Platform for Chemical Sensing Ceylon Graphite Corp. announced that Ceylon graphite achieved new concentration and conductivity records when studied in the manufacture of an adaptable sensing platform for chemical sensing. The research, published in the Royal Society of Chemistry's "Nanoscale" Journal, was conducted by partners at the Molecular Sciences Research Hub at Imperial College London and specifically incorporated Ceylon's vein graphite to produce a low-surface-tension sprayable graphene ink that was key to the sensor's functionality. A summary of the test results, completed in January 2023 is highlighted: Ceylon graphite was used to create high concentration, graphene/polyvinylpyrrolidone inks, with record-breaking concentrations as high 3.2 mg mL-1. Raman spectroscopy was used to show high-quality graphene flakes produced via liquid phase exfoliation. The Ceylon-based graphene device was successfully used to detect for pH within the range of pH 3 - 11. These results demonstrate the potential of high-quality graphite to empower the next generation of nano-based diagnostics for biological and chemical sensing. Results in Summary: Graphene ink formulation: Graphene inks have emerged as a new revolutionary element for high-performance printed, flexible and wearable electronics. Among the various methods available for preparing graphene ink, sonication-assisted liquid-phase exfoliation (LPE) has been chosen due to its simplicity and compatibility with low-boiling solvents. This process involves subjecting graphite (in powder or flakes) and low-boiling point solvents, such as 2-propanol (IPA), along with small amounts (20 mg) of the polymer stabiliser, resulting in a graphene ink with desired electronic propertied for printed electronics and significantly enhanced shelf life of the ink. IPA was selected as the solvent for the graphene ink as it has a boiling point of 82 degC and impressively low surface pressure of only 20.34 mN m-1, satisfying the criteria for a scalable spray-coating as well as inkjet printing of the optimised ink. The sonication process lasts for 9 hours, ensuring thorough exfoliation of the graphite flakes. Centrifugation at 2.000 - 13,000 g is then employed to further refine the ink and effectively eliminate any remaining unexfoliated flakes. The optical absorption spectrum (OAS) of the graphene ink, exhibits the characteristic profile associated with the profile associated with the potential of graphene flakes. The optical absorption spectrum (OAS) of the graphene ink exhibits the characteristic profile associated with graphene inks, a flat absorption pattern in the visible spectrum and a distinctive peak in the UV region, confirms the ink is mainly composed by high-quality graphene flakes. The concentration of graphene flakes in the ink is estimated to be ~ 1 mg mL-1 when centrifuged at 13,000 g and as high as 3.2 mg mL-1 when centrifuged at 2,300 g. This concentration surpasses those reported in the literature for graphene inks stabilised by polyvinylpyrrolidone (PVP) by an order of magnitude, underscoring the exceptional quality and potential of this formulation. Application: A graphene field-effect transistor as a scalable and low-cost high-performance biosensor. The EG-GFET channel is formed using an automatic spray-coating process, ensuring consistent and scalable deposition of the graphene ink onto the PCB test strip. The graphene ink exhibits excellent wetting properties that contribute to film uniformity. As the individual ink droplets merge into a thin film before evaporating, this wetting behaviour plays a vital role in achieving uniformity. While the addition of PVP stabilizer enhances the concentration and stability of the ink, it is important to note that PVP is known to adversely affect the electrical conductivity of nanostructured graphene thin films due to its insulating properties. However, a solution has been found by utilizing a xenon intense pulsed light (IPL) source, which effectively degrades the PVP polymer without subjecting the PCB substrate to temperatures exceeding its decomposition threshold. This method proves to be the most suitable for this specific application. The spray coated graphene ink achieved an approximate channel resistivity of 100 O after IPL annealing suitable for flexible and plastic electronics and currently used in industry. Aankondiging • Jul 09
Ceylon Graphite Corp., Annual General Meeting, Sep 13, 2022 Ceylon Graphite Corp., Annual General Meeting, Sep 13, 2022. Agenda: Annual General and Special Meeting. Aankondiging • Jun 14
Ceylon Graphite Announces Renewal of Industrial Mining Licence for the K1 Mine Ceylon Graphite Corp. announced the renewal of The Industrial Mining Licence for the Karasnagala, "K1" Mine in Sri Lanka from the Geological Survey and Mines Bureau. The Licence is a category A mining Licence, which is the highest category Licence issued in Sri Lanka. The Licence grants exclusive rights to mine, process and export mined graphite from within the K1 mining area. Aankondiging • Apr 08
Ceylon Graphite Corp. announced that it expects to receive CAD 3 million in funding Ceylon Graphite Corp. announced a private placement of up to 18,750,000 units at a price of CAD 0.16 per unit gross proceeds of up to CAD 3,000,000 on April 6, 2022. Each unit will be consist of one common share and one common share purchase warrant. Each Warrant will entitle the holder thereof to acquire one share of the company at a price of CAD 0.25 for a period of 36 months following the closing of the issuance. All securities issued are subject to a statutory hold period of four months and one day. Aankondiging • Feb 02
Ceylon Graphite Corp.’s Silicon Enhanced Vein Graphite Anode Material Significantly Increases Specific Discharging Capacity in Half Cell Lithium-Ion Battery Tests Ceylon Graphite Corp. announced that it has achieved a significant breakthrough in the performance of its silicon enhanced vein graphite anode material for the lithium-ion (“Li-ion”) battery market. In tests at a leading global, independent facility, Warwick University, performance of Ceylon’s vein graphite anode material was further improved by its core-shell silicon additive. This is the first time in battery research history that commercial spherodized, silicon enhanced vein graphite materials were tested in a lithium-ion battery in a half cell. Results came in at 446 mAh/g for specific discharge capacity (SDC) for silicon enhanced vein graphite materials, which is 13% higher than what is achieved for vein graphite on its own (393 mAh/g, another impressive result) under the same testing conditions. Aankondiging • Jan 05
Ceylon Graphite Corp. Announces Receipt of Environmental Permit for K1 Mining Operations Ceylon Graphite Corp. ('Ceylon') announced receipt of the renewal of its Environmental Protection Licence from the Central Environmental Authority of Sri Lanka for ongoing operations at the K1 Mine. The Licence is valid for three years after having past an inspection that the operation conforms to stipulated standards. Aankondiging • Sep 29
Ceylon Graphite Corp. Succeeds in Producing High-Performance Coated Spherical Vein Graphite for Lithium-Ion Battery Anode Materials Ceylon Graphite Corp. announced that it has achieved a significant breakthrough in the performance of its vein graphite anode material (C 99.995%) in coin cells for the lithium-ion (“Li-ion”) battery market. In tests at a leading global, independent facility, WMG, part of the University of Warwick’s Energy Innovation Centre, Ceylon’s vein graphite anode material far exceeded comparable anodes made with standard synthetic commercial graphite. This is the first time in battery research history that commercial spherodized vein graphite materials were tested in a lithium ion battery in a coin cell. Results came in a 382 mAh/g for reversible capacity (RC), which is beyond what is expected for the best current commercially used synthetic graphite with an RC of 363 mAh/g. Data was collected from 5 separate coin cells for Ceylon graphite and for commercial synthetic supplier materials. The galvanostatic charts below illustrate these results: The C/5 stable cycling gave an average reversible capacity of 353 mAh/g with standard deviation 9 mAh/g over 25 cycles compared to the Synthetic supplier 307 mAh/g. The batteries are tested at a rate of C/5, meaning 5 hours to charge and 5 hours to discharge, hence completing about 2+ full cycles per day. The outstanding performance by Ceylon’s vein graphite material against the current commercially used synthetic graphite is due to the high crystallinity of Sri Lankan vein graphite. The initial results prove the suitability of material for lithium ion battery anodes for either standalone or possible blending with synthetic graphite. The test results and Ceylon’s unique position in the market create optionality for scale-up development, commercial partnerships and sales of advanced materials. Ceylon’s significant resource positions and energy products division (Ceylon Graphite Technologies(UK)) will allow The Company to evolve into a stand-alone battery technology company, with exclusive access to a lower cost and, unique, high performance battery grade graphite, sourced from wholly owned deposits in Sri Lanka. Aankondiging • Mar 10
Ceylon Graphite Files Patent for Newly Developed Biocidal Nanocomposite Surface Coating Material Ceylon Graphite Corp. announced that it has developed a Biocidal Nanocomposite material which will be used as a multi purpose biocidal coating multiple material. In relation to the development of this product, Ceylon Graphite has filed a patent application (Number 2102984.8) in Great Britain on March 3, 2021. The Biocidal Nanocomposite material was developed by Ceylon Graphite’s renowned technical team of Drs Bohm, who recently joined Ceylon Graphite. The Company’s Biocidal Nanocomposite material will utilize its unique high-grade graphite. The material has been designed to combat the transmission of a wide array of pathogens to humans via contaminated surfaces such as touchscreens, door handles, workstations, etc. The Ceylon Graphite antimicrobial materials provides a path to achieving required performance within the safe use of materials. The company's innovative technology is a nanocomposite developed by combining three different materials, biocide, photocatalyst and few layers graphene (produced from Ceylon Graphite’s high grade natural graphite) with very high antimicrobial efficacy and long-lasting effect. The nanocomposite is produced by carefully arranging a photocatalyst and biocide around few layers graphene and generates synergistic effects of individual properties of each component. Used in a coating, the nanocomposite has proven to be effective (more than 80% efficacy within 5min of contact) against bacteria such as E. coli and S. aureus, as well as the H3N2 virus. This proprietary technology will provide the benefits of cost-effective, long-lasting protection against the spread of infection through hard surfaces and improved cleanliness with less chemical use. Aankondiging • Mar 05
Ceylon Graphite Announces Discovery of New Graphite Veins and Provides Operational Update Ceylon Graphite Corp. announced the discovery of new graphite veins on its H1 site and provide an operational update as the Company continues to achieve significant milestones as business activities have returned to planned levels in 2021 post COVID-19 disruptions. Highlights Include: Discovery of new graphite veins from the recently commenced drilling at the Company’s H1 site (the Company’s third site in addition to the K1 and M1 mines). Both drills have passed 60 meters depth in the first days of drilling. Samples have been sent to the GSMB for testing. The Industrial Mining License Category A for the K1 mine has been renewed by the Geological Society and Mines Bureau of the Government of Sri Lanka. Production at the K1 site has restarted. The primary mine shaft at K1 has been extended by 60 feet to the level of the main veins to enable easier excavation of the graphite and expedite ramp up of production. The company has purchased a new hydraulic underground core drilling rig to accelerate production ramp up. Aankondiging • Feb 20
Ceylon Graphite Corp., Annual General Meeting, Apr 30, 2021 Ceylon Graphite Corp., Annual General Meeting, Apr 30, 2021. Aankondiging • Feb 18
Ceylon Graphite Corp. to Re-Start Production At K1 Mine and Provides Operational Update Ceylon Graphite Corp. announced that it is ready to resume production at its K1 site, marking a return to normal operating levels pre-COVID 19 disruptions which interrupted mining activity twice in 2020/21. The company has completed the planned upgrades to the shaft at the K1 mine. These include the installation of new structural supports in the development drifts (tunnels) to 160 feet, a new compressor and improvement to the ventilation systems within the K1 mine. The mine is now capable of achieving 5,000 tons of production per annum. The company expects, and has previously announced, it will reach a sustainable run rate of 5,000 tons per mine, with K1 being the first to hit that target. The company also continues to develop its M1 and H1 mine sites, with both having already secured an exploration license. As previously announced the company expects the M1 mine will achieve a full production license from the Geological Survey and Mines Bureau by Third Quarter of 2021. Drilling at the H1 site is in full swing with both drilling rigs in operation. Is New 90 Day High Low • Feb 06
New 90-day high: CA$0.41 The company is up 156% from its price of CA$0.16 on 06 November 2020. The Canadian market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 8.0% over the same period. Aankondiging • Feb 05
Ceylon Graphite Commences Expanded 2021 Drill Program Ceylon Graphite Corp. announced that it has designed and launched an expanded drill program at one of its properties in Sri Lanka, with drilling commencing on its H1 site. H1 is one of 121 grids held by Ceylon Graphite’s subsidiary Sarcon Development (Pvt) Ltd. under EL 222. The initial phase of the drill program will include 6 new 220 to 250 meters bore holes and has been designed to develop the parameters of the H1 mine. The Company has also retained the Geological Survey and Mines Bureau Technical Services drilling team to provide an additional drill rig and operators to complement its own drill rig and drilling team. Drilling at the H1 grid commenced in 2019, four bore holes were drilled and adit clearing started prior to the cessation of operations due to COVID-19 related delays these bore holes resulted in graphite veins of varying thickness being intercepted at various depths between 67 to 142 meters. The company controls 121 grids with each grid being one square kilometre areas well-known for its historical graphite production. Commercial production began at Ceylon’s K1 site in 2020 and the Company has initiated the application process for an Industrial Mining License Category A for its M1 site, on which it expects to begin commercial production in Third Quarter 2021. Ceylon is currently one of very few public companies that is in commercial production and unique due to the high-grade nature of its vein graphite. The updated 2021 drilling program has been designed to: Follow up the successful 2019 drill campaign at the H1 site; Assess VLF data (conductivity) to understand vein direction; Develop additional drill targets along known veins to help identify quantity and depth as well as identify offshoot veins, vein intersections and caverns. Confirmation and formalization of resource estimate for H1 over the following 6 months; Start geological work and drilling in the rest of the 10 prioritized grids with the second Sarcon drill. Provide sufficient date to file 43-101 compliant resource reports for each site. Oversight of the drilling program by Senior Consultant Geologist Dr. Ranjith Premasiri. Dr. Premasiri has a PhD In Geophysics from the United Kingdom and is a Chartered Geologist. He is a Professor in the Department of Earth Resources at Moratuwa University in Sri Lanka (Department Head 2016-2019). He has also worked at the Geological Society and Mines Bureau of Sri Lanka. He is currently the President of the Geological Society of Sri Lanka and was General Secretary of the Institute of Geology, Sri Lanka 2009 – 2016. Aankondiging • Jan 20
Ceylon Graphite Corp. Announces Executive Appointments Ceylon Graphite Corp. has hired Dr. Siva Bohm and Dr. Mallika Bohm to the Ceylon Graphite management team and they will contribute significantly to the Company’s continued evolution from a high quality low cost graphite producer, to an innovator in value added graphite products for the technology, construction, battery and transportation industries. Dr. Siva Bohm and Dr. Mallika Bohm collectively bring extensive experience in product development for graphite and graphene applications in anti-corrosion coating, nanotechnologies, energy storage, and fuel cell advancement amongst other revolutionary applications. The newly appointed executives distinguished pedigree includes previously leading scientific teams at Talga Resources Limited. Dr. Siva Bohm will be Chief Scientific Executive to the Company and Dr. Mallika Bohm will be a Technical Director of Ceylon Graphite. Dr. Siva Bohm, has a PhD in Chemistry from the University of Bath and currently is a Royal Society Industry Fellow at Imperial College London. He has 16 years of experience in innovative product development at Tata Industries and more recently was Chief Technology Officer at Talga Resources Limited where he focused on product development for graphene applications in anti-corrosion coating, nanotechnologies, fuel cell advancement and a host of other uses. Dr. Mallika Bohm has a PhD in Physics from University College, London. She has been a project leader for Tata Steel in anti-corrosion technologies as well as in the advancement of new products for galvanised wires and processes for motor tire bead wire. She has also been a Technical Director at Talga Technologies in the area of use of graphene in coating, composite, construction materials and energy. Is New 90 Day High Low • Jan 14
New 90-day high: CA$0.34 The company is up 209% from its price of CA$0.11 on 15 October 2020. The Canadian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 4.0% over the same period. Is New 90 Day High Low • Nov 13
New 90-day high: CA$0.25 The company is up 79% from its price of CA$0.14 on 14 August 2020. The Canadian market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 5.0% over the same period. Is New 90 Day High Low • Nov 11
New 90-day high: CA$0.21 The company is up 45% from its price of CA$0.14 on 13 August 2020. The Canadian market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 4.0% over the same period. Aankondiging • Oct 20
Ceylon Graphite Corp. announced that it expects to receive CAD 4.5 million in funding Ceylon Graphite Corp. (TSXV:CYL) announced a private placement of up to 51,428,566 units at a price of CAD 0.0875 per unit gross proceeds of up to approximately CAD 4,500,000 on October 19, 2020. Each unit will be consist of one common share and CAD 0.15 of a common share purchase warrant. Each whole warrant will entitle the holder to acquire one common share at any time up to three years from the date of issuance. The closing of the transaction is also conditional on the receipt of the approval of the TSX Venture Exchange and is anticipated to occur on or about October 22, 2020, or such other date as the company may determine. Aankondiging • Aug 24
Ceylon Graphite Corp. to Report Q1, 2021 Results on Oct 15, 2020 Ceylon Graphite Corp. announced that they will report Q1, 2021 results on Oct 15, 2020 Aankondiging • Aug 07
Ceylon Graphite Corp. announced that it expects to receive CAD 8.1 million in funding Ceylon Graphite Corp. (TSXV:CYL) announced a non-brokered private placement of units for gross proceeds of up to CAD 8,100,000 on August 6, 2020. Each unit will be comprised of one common share and 0.3073 of a common share purchase warrant. Each whole warrant will entitle the holder to acquire one common share at any time up to three years from the date of issuance. The warrants will only be exercisable in the event that the currently issued and outstanding warrants, options and/or convertible debentures are exercised or converted into common shares. The transaction will include participation from a consortium of four international investors for 55% stake in the company. As the transaction will result in the creation of new insiders of the company, it is subject to shareholder approval. The closing of the transaction is also conditional on the receipt of the approval of the TSX Venture Exchange and is anticipated to occur on or before September 7, 2020, or such other date as the company may determine. 