Applied Graphite Technologies Corporation has received final acceptance from the TSX Venture Exchange for its Qualifying Transaction.
The company said that related to the TSXV’s acceptance of the Qualifying Transaction, it will be classified as a Tier 2 mining company.
"We are excited to be the next publicly traded graphite company as the world's OEMs recognize graphite as a critical supply material for the manufacture of lithium-ion batteries,” Applied Graphite CEO Don Baxter said in a statement.
“AGT has an experienced team, not only for graphite, but for battery-ready graphite production. AGT is well positioned to capitalize on the massive demand for battery-ready graphite in the very near term."
AGT owns a 90% ownership interest in C-Tech Ceylon, a corporation incorporated pursuant to the laws of Sri Lanka, which in turn owns a 100% ownership interest in the Dodangaslanda graphite properties in Sri Lanka.