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NextSource Materials Inc T.NEXT

Alternate Symbol(s):  NSRCF

NextSource Materials Inc. is a Canada-based battery materials development company. The Company is focused on supplying battery materials through the mining and value-added processing of graphite and other minerals. Its segments include mine development and BAF development. The Company’s principal business is the development of the Molo Graphite Mine (the Molo Mine) located near the town of Fotadrevo in the Province of Toliara, Madagascar. The Molo Mine has a production capacity of 150,000 tons per annum (tpa) of SuperFlake graphite concentrate. The Company is also developing a downstream graphite value-added business through the staged rollout of Battery Anode Facilities capable of large-scale production of coated, spheronized and purified graphite for direct delivery to battery and automotive customers. It also owns the Green Giant Vanadium Project, located in Madagascar, and the Sagar Project, located in Quebec, which are at the exploration and evaluation stage.


TSX:NEXT - Post by User

Bullboard Posts
Comment by WileyCyteon Jun 19, 2017 1:36pm
117 Views
Post# 26378777

RE:RE:RE:Another Graphite MOU

RE:RE:RE:Another Graphite MOUI can't argue with a single thing you'v written here StoogeNo4.  This company is not legit and this mine is not going to be constructed. This looks like one of mnay cases in the resource sector whereby a small group of mining professionals get in on the ground level of a project that simply never comes to fruition. During the many years it takes for the publicly traded company to become bankrupt, that small group pay themselves handsomely to manage the 'project'. It's not a bad way to earn a living and I don't begrudge them one bit. But this thing is dead in the water imo.
And you are right - it's been study after study, and release after release, but not a single thing is ever actually done at the site??
I am out of this stock the moment the opportunity presents itself. I looked at their redesigned website recently and found typos and dead links everywhere. I mean c'mon?? It's just not a legit operation. Shame I wasted 1.5 years following this farce.
Bullboard Posts