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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

Comment by Iseneschalon Apr 19, 2021 11:55am
199 Views
Post# 33022057

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

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

Keep loading my friend.

 Cheers 

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