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Ceylon Graphite names veteran industry executive Don Baxter to board

Baxter, who is CEO of Applied Graphite Technologies, is one of the premier graphite experts outside of China, having built one of only two producing graphite mines in North America

Ceylon Graphite Corp - Ceylon Graphite Corp appoints Applied Graphite Technologies Corp CEO Don Baxter to board of directors
The company is exploring and developing graphite mines in Sri Lanka

Ceylon Graphite Corp (CVE:CYL) (OTCMKTS:CYLYF) announced that long-time graphite expert and c-suite executive Don Baxter has joined the board of directors.

In a statement, the company said Baxter is one of the premier graphite experts outside of China, having built one of only two producing graphite mines in North America. He is currently CEO and director of Applied Graphite Technologies Corp. 

Baxter has also served as president, CEO and executive director of Alabama Graphite Corp, successfully completing the company’s disruptive Preliminary Economic Assessment (PEA) and introducing a new, battery-focused strategy.

READ: Ceylon Graphite unveils major milestone as commercial production starts at its K1 mine in Sri Lanka

“Don brings to Ceylon experience, ideas and capabilities we cannot find anywhere else,” said Ceylon Graphite CEO Bharat Parashar. “Now that we are in commercial production, we will benefit from his expertise as we invest to ensure we have top quality upgraded graphite for the growing lithium-ion battery market.”

Baxter said: “I’m excited to join the Board of Ceylon. As I look at the market today and the incredible demand for high-quality graphite products, I see that Ceylon is the real deal – a production level operation, with purity and easy upgradability you cannot find elsewhere. The potential is incredible.”

Contact the author: patrick@proactiveinvestors.com

Follow him on Twitter @PatrickMGraham

Quick facts: Ceylon Graphite Corp

Price: 0.12 CAD

Market: TSX-V
Market Cap: $8.07 m

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