Ceylon Graphite Enters Into Purchase and Distribution Agreement with GES Europe

Core Insights - Ceylon Graphite Corp. has entered into a purchase and distribution agreement with GES Europe GmbH, a leader in graphite product distribution, to enhance its market presence and product outreach [1][2][3] Company Overview - Ceylon Graphite Corp. is a public company listed on the TSX Venture Exchange, focused on mining high-grade graphite in Sri Lanka and developing innovative applications for graphene and graphite [4] - The graphite mined in Sri Lanka is recognized for its high quality and suitability for various applications, including electric vehicles, battery storage, construction, healthcare, and paints [4] Partnership Details - GES will utilize Ceylon graphite in products such as 95%+ C direct ship graphite and thermally purified 99% C grade, providing customer outreach, market entry strategies, market research, and contract negotiation [2][3] - The distribution agreement grants GES preferred pricing and guaranteed supply contingent on maintaining certain volume thresholds for an initial period of 12 months, with exclusivity in Europe [6] Market Demand - There is unprecedented demand for Ceylon's high-carbon, low-environmental footprint natural vein graphite, driven by reduced Chinese exports and a recent 25% tariff increase on Chinese graphite announced by President Biden [3][6] - GES's CEO highlighted the unique high natural carbon characteristics of Ceylon's graphite, which are beneficial for a range of industries, including battery manufacturing and construction [6]