Nextsource Materials Inc. is pleased to provide a site works update and to announce that a Madagascar subsidiary of CrossBoundary Energy has commenced the construction process for the solar and battery hybrid power plant for Phase 1 of the Molo Graphite Mine in Madagascar after the Company executed a definitive energy services agreement with CrossBoundary Energy's Madagascar subsidiary. Molo Mine Construction Update [...]
Nextsource Materials Inc. is pleased to announce that its construction team is now setup at the Molo Graphite Mine site in Madagascar and civil and earthworks have been initiated in preparation for the delivery and installation of the processing plant. The offsite fabrication and construction of the auxiliary buildings and structures has also been completed and these are in the process of being delivered to the mine site [...]
Nextsource Materials Inc. is pleased to announce the results of a Preliminary Economic Assessment for an enhanced Phase 2 expansion of its 100%-owned Molo Graphite Mine Project in southern Madagascar. The PEA considered an enhanced Phase 2 expansion consisting of a stand-alone processing plant with a production capacity of 150,000 tonnes per annum of flake graphite concentrate over a 26-year life of mine . The PEA [...]
Nextsource Materials Inc. is pleased to announce that Factory Acceptance Testing and final verification of equipment design specifications and end-to-end functions of the processing plant for Phase 1 of the Molo Graphite Mine is complete. The Processing Plant was designed and built using an all-modular approach and is capable of processing 240,000 tpa of ore and producing approximately 17,000 tpa of high-quality [...]
Nextsource Materials Inc. is pleased to announce that fabrication and assembly of the processing plant for Phase 1 of the Molo Graphite Mine has been completed by our Engineering, Procurement and Construction contractor in their off-shore assembly facility and that Factory Acceptance Testing has been initiated. The Processing Plant has been designed and built using an all-modular approach and is capable of processing [...]
Nextsource Materials Inc. is pleased to announce the results of the Annual and Special Meeting of Shareholders held virtually at 10:30 AM Toronto, Ontario, Canada on December 6, 2021. As of the record date for the Meeting, which was November 25, 2021, there were 99,026,656 common shares of the Company outstanding and entitled to vote at the Meeting. A total of 51,726,338 common shares equivalent to 52.2% of the common [...]
Nextsource Materials Inc. announces it has awarded a power supply contract to independent power producer CrossBoundary Energy for the long-term supply of solar and thermal generation to power the operations of its Molo graphite mine in Madagascar. The contract is for a 20-year term and has been designed to scale with the production output of the Molo mine, where delivery of power will increase in lockstep with all future [...]
Nextsource Materials Inc. announces it has signed a binding Amended and Restated Collaboration Agreement with key processors of anode material within the Tesla supply chain to incorporate a proprietary and established graphite coating process to its previously announced value-added, battery anode facility three-way collaboration. Highlights: Proprietary and established graphite coating process will be provided to [...]
Nextsource Materials Inc. announces that it intends to assess emerging opportunities to accelerate expansion of its organic growth strategy through the potential acquisition and development of additional metals and mineral assets expected to play a vital role in associated clean energy technologies. Following recent discussions with the Company's existing offtake partners in graphite, many of whom are significant [...]
Nextsource Materials Inc. is pleased to announce that its mine construction schedule is on track and on budget for its Molo Graphite Project in Madagascar. Progress development highlights include: Construction is on track, with all major equipment fabricated and ready to be received by the EPC Overall project progress exceeds 25% completion Personnel have been mobilized to site in Madagascar Site works are on schedule to [...]
Nextsource Materials Inc. is pleased to announce that it has been accepted as a member of both the European Battery Alliance and the European Raw Materials Alliance . The EBA was established in October 2017 by the European Commission, the Executive Branch of the European Union, to bring together key stakeholders in the battery material, technology and financing space with the objective of building a strong and competitive [...]
Mr. Ian Pearce, a leading global mining executive, former CEO of Xstrata Nickel and the founding partner of X2 Resources has joined the Board of NextSource Materials Mr. Pearce comes with more than 40 years of mining experience with major global producers and brings a unique combination of mine construction and operations expertise, coupled with in-depth Environmental, Social and Corporate governance experience. He [...]
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