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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

Post by Ringer2on Jun 22, 2021 7:24pm
224 Views
Post# 33431755

NextSource Materials’ EVP Talks Offtake Deal with German Ste

NextSource Materials’ EVP Talks Offtake Deal with German Ste
https://www.youtube.com/watch?v=AFLbKTOpPwA&t=14s

NextSource Materials’ EVP Talks Offtake Deal with German Steel Giant & Tesla Supply Chain

130 views
Jun 22, 2021
21.8K subscribers
NextSource Materials (TSX:NEXT OTCQB:NSRCF) Executive Vice President Brent Nykoliation talks about the company’s offtake agreement with thyssenkrupp Materials Trading for the sale of NextSource’s SuperFlake® graphite products. “Our offtake agreement with Germany’s thyssenkrupp was a process that took over five to six years for us to actually establish, and it has turned now into one of our largest customers with a contract for 35,000 tonnes of graphite. This is great news for us because it shows validation of our product,” Nykoliation said. NextSource entered into a 10-year binding commercial agreement for the sale of approximately 35,000 tonnes per annum (tpa) of SuperFlake® graphite concentrate from the company’s Molo mine in Madagascar. The product will be for the refractory and expandable graphite (graphite foil) markets for sale in, but not limited to, Europe, the United Kingdom, North America, Mexico, China and South Korea. The newest collaboration follows NextSource’s recent deal with leading companies within the Tesla supply chain. “We have a perfect bifurcation of offtake partners. We have a major German trading company that does the refractory side, which by far still is the number one consumption for graphite today. On the battery side, we have a very strong relationship now with a notable Japanese company. And what's even more important is they're bringing us the development and processing know how for major car companies and will be introduced into our facility,” added Nykoliation. Watch the full interview with NextSource Executive Vice President Brent Nykoliation above.

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