Ceylon Graphite Corp (TSE:CYL) has released an update.
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Ceylon Graphite Corp. has announced the renewal of its IML C license for the M1 mine, which will enable the immediate resumption of graphite mining and on-site processing. The company is preparing to construct an incline tunnel for increased access and transportation, aiming for a production rate of 200 tonnes per month. With high-grade graphite already exceeding 90% carbon and plans for a processing plant to further purify it, the company anticipates a boost in revenue and is poised for rapid advancement in the graphite market.
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