Business
Ceylon Graphite Announces Senior Management Changes as CEO and Chairman, Bharat Parashar Retires and Donald K. Baxter Takes Over as CEO
VANCOUVER, British Columbia, June 02, 2021 (GLOBE NEWSWIRE) -- Ceylon Graphite Corp. (“Ceylon Graphite”) (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) today announced th
About this update from Ceylon Graphite Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, June 02, 2021 (GLOBE NEWSWIRE) -- Ceylon Graphite Corp. (“Ceylon Graphite”) (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) today announced that Bharat Parashar has decided to retire as Chief Executive Officer and Chairman of the Board of Directors of the Company. The Board of Directors would like to thank Bharat for his dedicated leadership and achievements in setting up Ceylon’s mining operations in Sri Lanka, and setting the Company on a path to supply key materials and technologies to meet the demands ofthe current lithium ion battery storage and EV revolution. Bharat will continue to advise the incoming CEO to ensure an orderly transition. Donald Baxter, P.Eng. will step up from current role as Director to assume the Chief Executive role. Don is one of the premier graphite experts outside of China, having built one of only two producing graphite mines in North America. He has also been responsible for rapidly advancing the development of value-added graphite products, namely coated spherical purified graphite for the lithium-ion battery sector. “I am excited to have this opportunity to step into the CEO role of Ceylon and continue to advance the Company, as the critical supply chains for lithium ion batteries evolve and the need is recognized to build processing capacity outside of China, as well as provide a secure high grade low cost graphite supply,” Said Don Baxter, CEO. “The urgency of this has grown over the past year, and the move to secure materials which are critical to make enough batteries to supply almost every OEM, has accelerated significantly beyond earlier estimates.” Ceylon announced earlier this year: Resumption of commercial production at its K1 mine in Sri Lanka The hiring of Dr. Siva Bohm as Chief Technology Officer for the company. Dr. Bohm recently was the head of product development at Talga Resources Advancement from exploration license to application for commercial production at its M1 site The development and release of the company’s commitment to Environmental, Sustainability and Governance (ESG) goals Accelerated assay drilling on its H1 site to support a future resource development and licensing Patent filing for a Biocidal Nanocomposite to be used as a multi purpose biocidal coating multiple material The signing of...