Ceylon Graphite Corp. has successfully renewed its Environmental Protection Licence from the Central Environmental Authority (CEA) of Sri Lanka for ongoing operations at the K1 Mine project, the company announced.
The Licence is valid for three years after having passed an inspection that the operation conforms to stipulated standards.
“We are very pleased with our technical staff on-site, having maintained compliance with the applicable environmental standards and we look forward to applying these standards to our production growth vein graphite prospects in Sri Lanka. Environmental, Social, and Governance (ESG) factors have become an increasingly important part of the investing and off-take process,” Ceylon CEO, Don Baxter stated.
Ceylon is looking to “tick all the ESG boxes” for OEMs and investors alike as it continues 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 our wholly owned deposits in Sri Lanka.