Ceylon Graphite Announces M1 License Renewed Allowing For Recommencement of Mining Activities

May 1, 2024

VANCOUVER, British Columbia, May 01, 2024 (GLOBE NEWSWIRE) — Ceylon Graphite Corp. (“Ceylon” or the “Company”) (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) is pleased to announce 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.

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