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NextSource Materials Inc., headquartered in Toronto, Canada, specializes in the acquisition, exploration, and development of mineral properties across Madagascar and Canada. The company primarily focuses on identifying and developing graphite and vanadium deposits. Its key asset is the Molo graphite mine, located in the Southern Madagascar Region, which includes 2,119 permits covering an area of 827.7 square kilometers. Founded in 2004, the company was previously known as Energizer Resources Inc. until its name change to NextSource Materials Inc. in April 2017.
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NextSource Materials Inc. (TSX:NEXT, OTCQB:NSRCF) has reported positive results from an updated feasibility study for a proposed Phase 2 expansion of its Molo Graphite Mine in southern Madagascar, outlining plans to increase production capacity to 150,000 tonnes per year of flake graphite concentrate over a 37-year mine life. The feasibility study envisions a staged expansion beyond the existing Phase 1 operation through the construction of three new 50,000-tonne-per-year processing modules in two phases.
TORONTO, ON / ACCESS Newswire / July 27, 2026 / NextSource Materials Inc. (TSX:NEXT)(OTCQB:NSRCF) ("NextSource" or "the Company") is pleased to announce the positive results of an updated Technical Feasibility Study ("FS") for a Phase 2 mine expansion of its Molo Graphite Mine Project in southern Madagascar (the "Molo Mine"). The FS considered a staged expansion beyond the existing Phase 1 mining and processing operation to reach a total capacity of 150,000 tonnes per annum ("tpa") of flake graphite concentrate over a 37-year life of mine ("LOM").
TORONTO, ON / ACCESS Newswire / June 30, 2026 / NextSource Materials Inc. (TSX:NEXT)(OTCQB:NSRCF) ("NextSource" or the "Company") issued a press release on October 1, 2025 (the "Press Release") announcing the completion and positive results of a Technical and Economic Study (the "Study") on the construction of a proposed 30,000 tpa capacity Battery Anode Facility ("BAF") located in the Industrial City of Abu Dhabi in the United Arab Emirates ("UAE"). The Press Release prepared by the Company included information drawn from the Study, which was completed, reviewed and approved by Stantec, a global engineering services provider, which produced both a capital and operating cost estimate to the standards and guidelines of the American Association of Cost Engineers International.