A delegation representing the Montana State Partnership Program met with Ambassador of Sri Lanka to the United States, Mahinda Samarasinghe, on Wednesday (25 Feb) to explore substantial investment opportunities in Sri Lanka’s graphite sector.
According to a statement from the Embassy of Sri Lanka in Washington, D.C., the delegation featured SPP Director, Lieutenant Colonel Chris Cory, alongside the Founder of Mooney Group LLC, a leading U.S. mining firm specializing in critical minerals.
James Mooney, accompanied by Mary Mooney (MD, Mooney Group) and Chris Dorrington (Montana DOT), conveyed a strong interest in investing in Sri Lanka’s graphite industry and leveraging their expertise to connect with U.S and global markets.
Ambassador Samarasinghe welcomed this intent, emphasizing Sri Lanka’s commitment to facilitating and encouraging Foreign Direct Investment resulting in value-added production.
He underlined that the Expression of Interest to develop Sri Lanka’s Graphite Industry by sharing technology, safety and environmental standards, represents a vital stride towards bolstering bilateral economic ties and positioning Sri Lanka more prominently in the global critical minerals supply chain.
The Mooney Group firm focuses on identifying and developing mineral resources, particularly those critical to the semiconductor, battery, and defence industries.
The Group employs a hands-on, strategic approach to mining and resource management, often operating as a partner to drive value in mineral extraction and processing. The firm has been involved in exploring opportunities in Central Asia and leveraging professional expertise to optimize mining operations.
The Deputy Chief of Mission Maduka Wickramarachchi, Minister of Commerce Nalinda Wijerathne and the Defence Adviser Commodore Dumindu Abeywickrama were also present. (Newswire)
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