Applied Graphite Expands Strategic Land Package
APPLIED GRAPHITE EXPANDS STRATEGIC
LAND PACKAGE
VANCOUVER, BC
,
Sept. 23, 2025
/CNW/ - Applied Graphite Technologies Corporation ("
AGT
"),
(TSXV: AGT) announces the acquisition of additional surface rights within the Queens Mines
Complex ("
QMC
"). The QMC is located in the heart of the best graphite geology in
Sri Lanka
. Two
of the three operating mines in
Sri Lanka
are located nearby and the QMC contains both historic and
recent mine workings.
AGT has conducted geophysical surveys across the QMC to identify the graphite veins to depth and
is currently compiling the data for near term release. Eight diamond drill holes also identify vein
systems along trend from the historic mine.
"The additional three properties acquired within the QMC, are adjacent to our existing properties to
make AGT's surface rights contiguous," comments
Don Baxter
, CEO. "AGT now owns the surface
rights and holds subsurface rights over the QMC. We acquired these properties for their strategic
location within AGT's exploration zone, covering known graphite veins and to locate future mine
infrastructure."
Figure 1: AGT Property Map, QMC, showing contiguous properties. (CNW Group/Applied Graphite
Technologies Corporation)
Properties A, G, and grey shaded property, joined with D1, Q2 and Q1 to make QMC contiguous
The technical information in this news release has been prepared by
Don Baxter
, P.Eng., a "qualified
person" as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects ("
NI
43-101
").
About Applied Graphite Technologies
Applied Graphite Technologies is developing the Queens
Mine Complex
in
Sri Lanka
. The QMC is on
private land in the heart of the vein graphite district, with historical workings and vein graphite
outcrops. Vein graphite is naturally high grade (+95% carbon content in the ground) and does not
require primary processing. Testing of vein graphite in lithium-ion battery anodes has shown very
high capacities, performing better than synthetic graphite. Natural vein graphite has a far superior
ESG footprint than synthetic and is cheaper without compromising performance.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release
.
This news release contains forward-looking information as such term is defined in applicable
securities laws, which relate to future events or future performance and reflect management's
current expectations and assumptions. The forward-looking information includes statements about
Applied Graphite Technologies (AGT)
's grids, plans to undertake additional drilling and to develop
a mine plan, and to commence establishing mining operations. Such forward-looking statements
reflect management's current beliefs and are based on assumptions made by and information
currently available to
AGT
, including the assumption that, there will be no material adverse change
in metal prices, all necessary consents, licenses, permits and approvals will be obtained, including
various Local Government Licenses and the market. Investors are cautioned that these forward-
looking statements are neither promises nor guarantees and are subject to risks and uncertainties
that may cause future results to differ materially from those expected. Risk factors that could cause
actual results to differ materially from the results expressed or implied by the forward-looking
information include, among other things, an inability to reach a final acquisition agreement,
inaccurate results from the drilling exercises, a failure to obtain or delays in obtaining the required
regulatory licenses, permits, approvals and consents, an inability to access financing as needed, a
general economic downturn, a volatile stock price, labour strikes, political unrest, changes in the
mining regulatory regime, a failure to comply with environmental regulations and a weakening of
market and industry reliance on high quality graphite.
AGT
cautions the reader that the above list
of risk factors is not exhaustive.
SOURCE
Applied Graphite Technologies Corporation
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For further information:
Additional Information: Don Baxter, Chief Executive Officer,
[email protected], www.appliedgraphite.com
CO: Applied Graphite Technologies Corporation
CNW 04:46e 23-SEP-25