NextSource Materials Inc T.NEXT

Alternate Symbol(s): NSRCF

NextSource Materials Inc. is a Canada-based battery materials development company. The Company has two operating segments, consisting of mine development and the exploration and evaluation of mineral resources. It owns a owns a 100% interest in the Molo Graphite Mine (Molo) located in the Province of Toliara, Southern Madagascar. The Molo Graphite Mine project is located near the town of Fotadrevo in the Province of Toliara, Madagascar. The Molo Graphite Mine is subject to a 1.5% net smelter royalty. The Molo Graphite Project graphitic zone consists of multi-folded graphitic strata at surface with an exposed strike length of over two kilometers. The Company also owns the Green Giant Vanadium Project, which is located 15 kilometers from the Molo Graphite Project and hosts a large sedimentary-hosted vanadium deposit. The 100%-owned Green Giant Vanadium Project is an advanced-stage exploration project.

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NextSource Materials Inc > Nothing better than to get Good News ....

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Comment by Iseneschalon Apr 19, 2021 12:01pm

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Post# 33022104

RE:RE:RE:RE:Nothing better than to get Good News ....

Iseneschal wrote: I don't think your "truck" is big enough because as of Dec 31/20...............

Weighted-average common shares (basic and diluted)
598,795,313 shares
The accompanying notes are an integral part of these unaudited condensed consolidated interim financial statements.

Then add this to the equation.......

The initial private placement

The $29.5-million (U.S.) financing package will fully finance construction of the Molo graphite mine and will be completed in two tranches. The first tranche comprises an initial non-brokered, private placement equity investment of $6.1-million (U.S.) ($7.8-million (Canadian)) through the issuance of 120 million common shares of the company at a price of 6.5 Canadian cents per share, representing an approximate 16.7-per-cent equity ownership into NextSource.

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