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NextSource Materials Inc NSRCF


Primary Symbol: T.NEXT

Metals & Mining Industrial Metals & Minerals Graphite
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

NextSource Materials Inc > NextSource Signs Mandate Letter for US$91 M Debt Facility
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Post by Betteryear2on Jun 13, 2024 12:33pm
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Post# 36087371

NextSource Signs Mandate Letter for US$91 M Debt Facility

NextSource Signs Mandate Letter for US$91 M Debt FacilityTORONTO, ON / ACCESSWIRE / June 13, 2024 / NextSource Materials Inc. (TSX:NEXT)(OTCQB:NSRCF) ("NextSource" or "the Company") is pleased to announce the signing of a Mandate Letter with International Finance Corporation ("IFC"), the private sector investment arm of the World Bank Group, to lead a senior debt facility totaling US$91 million (the "IFC Debt Facility") to fund an expansion of the Molo Graphite Mine (the "Molo mine") in southern Madagascar.

NextSource Materials Signs Mandate Letter for US$91 Million Debt Facility with International Finance Corporation (accesswire.com)
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