USA Graphite Inc. (OTC:USGT) has made an announcement to its shareholders that it is in the process of selecting the location of a Canadian project that it is planning to acquire.
As quoted in the press release:
The Company has identified the West Coast of Canada as the ideal location to acquire a project that would significantly augment the Company’s operations. Eagle Graphite, which is a privately held Canadian corporation, is located on the West Coast of Canada and is one of only two natural flake graphite mines operating in North America. The Company believes that this district would be an ideal location for an acquisition.