Graphite Corp. (OTCQ:GRPH) announced the company previously known as First Resources Corp. to Graphite Corp.
As quoted in the press release:
The Company changed its name from First Resources Corp. to Graphite Corp. to better reflect the Company’s focus on exploring and developing graphite based resource deposits in the United States.
Graphite acquired mineral exploration rights to its first two properties in Clay County, Alabama comprising a total of approximately 3,760 acres. Alabama and notably Clay County and its neighboring counties were home to significant graphite production from the 1900′s until the early 1950′s.