Three-way partnership pairs NextSource with a leading processor and a supplier of battery anode material within the Tesla supply chain. Provides NextSource with a complete, turn-key facility that is a duplicate of the current facilities that are processing spheronized and purified graphite for lithium-ion batteries by current suppliers to Tesla and other electric vehicle and hybrid vehicle manufacturers. Enables [...]
Nextsource Materials Inc. will be presenting at the Cormark Securities Inflection 2021 Environmental Sustainability Conference, April 12th to 16th. The conference will take place virtually, featuring 40 companies and over 200 institutional and retail investors. NextSource is the only graphite company being featured at the Conference. Sir Mick Davis, Chairman of NextSource and founder and CEO of Vision Blue Resources will [...]
EPCM contract awarded to, and being finalized with, Erudite Strategies Ltd. of South Africa The Molo mine is scheduled to commission in March, 2022 Nextsource Materials Inc. is pleased to announce it has commenced the Construction process of its Molo graphite mine in Madagascar with the awarding of the engineering, procurement, and construction management contract to Erudite Strategies Ltd. of South Africa. Erudite has an [...]
Sir Mick Davis, former CEO of Xstrata plc, has been appointed Chair of the Board effective immediately Completed initial private placement of US$6.1M, which forms the first part of the previously announced Total Financing Package of US$29.5M to fully fund the construction of the Company's Molo graphite mine in Madagascar committed by Vision Blue Resources Limited, a newly created battery commodity/resource-focused [...]
Nextsource Materials Inc. is pleased to provide an update on the status of the closing of the first tranche of a non-brokered private placement with Vision Blue Resources Ltd , a newly created battery commodity/resource-focused private investment company founded by Sir Mick Davis, former CEO of Xstrata Plc, previously announced on February 8, 2021. NextSource and Vision Blue have executed the definitive documentation in [...]
HIGHLIGHTS Vision Blue Resources Ltd, a newly created battery commodity/resource-focused investment company founded by Sir Mick Davis , has committed to a strategic investment in NextSource Materials to fully fund the construction of its Molo graphite mine in Madagascar Financing Package for total gross proceeds of US$29.5M as follows: US$6.1M equity private placement to close prior to end of February US$12.4M equity [...]
NextSource Materials Inc. , is pleased to announce the results of the Annual and Special Meeting of Shareholders held in Toronto, Ontario, Canada on December 29, 2020. As of the November 19, 2020, which was the record date for the Meeting, there were 598,073,572 common shares of the Company outstanding and entitled to vote at the Meeting. Of this amount, there were 226,708,050 common shares represented in person or by [...]
NextSource Materials Inc.'s Molo Graphite Project in Madagascar ranks as one of the largest-known and highest quality flake graphite deposits in the world. The Company continues to work towards advancing the development and construction of mining infrastructure at the Molo site. In furtherance of the Company's efforts, NextSource is pleased to announce that Brett Whalen, CFA, has been appointed Chair of the Board [...]
Nextsource Materials Inc.'s Molo Graphite Project in Madagascar is in the final stages of development and ranks as one of the largest-known and highest quality flake graphite deposits in the world. As part of NextSource's ongoing strategy to continually strengthen and enhance the Company's operating capabilities and capital markets exposure, the Company is pleased to announce that Mr. Brett Whalen, CFA, has joined the [...]
Nextsource Materials Inc.'s announces that it has completed a non-brokered private placement offering of 61,578,783 units at a price of CAD$0.0325 per Unit for gross proceeds of CAD$2,001,310. The Offering received substantial support from existing shareholders of the Company. Each Unit consists of one common share of the Company and one-half of one common share purchase warrant , with each full Warrant entitling the [...]
Nextsource Materials Inc. is pleased to announce that it has executed a Letter of Agreement with its Japanese offtake partner and a leading Chinese processor of graphite anode material to collaborate on the construction of a value-add, battery anode plant in a jurisdiction that is proximal to the Company’s Molo graphite project in Madagascar. To protect certain confidential aspects of the LOI, the Japanese Trading Company [...]
NextSource Materials Inc. announces board of director changes to the Company as it prepares for the transition from a mining development company to a future producing entity. Following the voting results of the shareholders in respect of the election of Directors at its Annual and Special Meeting of Shareholders held in Toronto on December 2, 2019, in accordance with the policies of the TSX and the Company's majority [...]
