First Graphene (formerly MRL Corporation) aims to be a producer of high quality vein graphite and graphene from its existing Sri Lankan projects. FGR holds thirteen (13) exploration licenses over 395 square kilometres (39,500 ha) of prime vein graphite exploration areas.
In late 2017, the company changed its name from First Graphite to First Graphene to reflect its shift in focus from graphite to graphene.