Bullboard - Stock Discussion Forum NextSource Materials Inc NSRCF

Primary Symbol: T.NEXT

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... see more

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NextSource Materials Inc > NextSource Signs Mandate Letter for US$91 M Debt Facility

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Post by Betteryear2 on Jun 13, 2024 12:33pm

NextSource Signs Mandate Letter for US$91 M Debt Facility

TORONTO, 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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Comment by xavier62 on Jun 13, 2024 9:31pm

Having the World Bank (IFC) providing project debt financing is huge geopolitical mitigation. The WB is a significant source of support to Madagascar. Note to government: Don't f..k with the WB.

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