Ceylon Graphite Corp. announce it has entered into a distribution agreement dated August 1, 2023, with Advanced Performance Materials LLC, a materials and chemical technology specialist company. APM expects the range of products using Ceylon graphite to include energy storage, nuclear energy, lubricant, coating, flame retardant and engineered products and materials.

The companies have already begun to exchange customer specifications and quotations. The distribution agreement provides APM with preferred pricing and guaranteed supply if certain volume thresholds are maintained. The distribution agreement is not exclusive and does not restrict Ceylon from any other sales or agreements related to its graphite.