Graphite Corp. (OTCQB:GRPH) announced its potential to extract an estimated 7 million tons of graphite from their property in Alabama, which could compensate for the closure of China’s graphite mines.

As quoted in the press release:

Graphite Corp. (GRPH) appears to be in a strong position with historical data pointing to deposits of graphite throughout its property in Alabama. As GRPH production potentially begins, the company could see immediate revenue from high grade graphite being processed domestically in the USA.

Click here to read the full Graphite Corp. (OTCQB:GRPH) press release.