- The transport of all processing plant modules and supporting equipment to the Molo mine site has been completed
- Re-assembly of the processing plant is in progress and will be followed by Site Acceptance Testing
- The company has hired Danniel Stokes as Vice President, Special Projects, and Wilhelm Reitz as Mine Manager of the Molo Graphite Mine
- Vision Blue has exercised 23,214,286 common share purchase warrants for gross proceeds to NextSource of C$23,214,286
- Brent Nykoliation, Executive Vice President of NextSource, sat down with Sabrina Cuthbert to discuss the news
- NextSource Materials is a Canadian-based strategic materials development company
- NextSource Materials Inc. (TSX:NEXT) opened trading at C$2.42
NextSource (NEXT) has provided a progress update for Molo Graphite Mine in Madagascar, management appointments and the exercise of warrants by Vision Blue.
The transport of all processing plant modules and supporting equipment to the Molo mine site has been completed. Re-assembly of the processing plant is in progress and will be followed by site acceptance testing, which is the final step before commissioning.
The company expanded its senior management and mine operations teams with the addition of Danniel Stokes as Vice President, Special Projects and Wilhelm Reitz as Mine Manager of the Molo Graphite Mine.
The company also announced the early exercise by Vision Blue of 23,214,286 common share purchase warrants for gross proceeds to NextSource of C$23,214,286
Brent Nykoliation, Executive Vice President of NextSource, sat down with Sabrina Cuthbert to discuss the news.
“With the commissioning of the Molo mine anticipated to be just weeks away, we are executing our strategy to become an integrated producer of graphite anode materials to supply the global automotive industry with a material that is critical to its electrification plans. The construction of the Molo mine is progressing well, and we expect to provide details on the location and economics of our first downstream battery anode facility by December.
I am delighted to welcome Danniel Stokes and Wilhelm Reitz to the NextSource team. Together with the additional investment by Vision Blue Resources, we are well positioned as we advance to our next stage of growth.”
NextSource Materials Inc. is a Canada-based strategic material development company. NextSource is driven to become a fully integrated global supplier of critical battery and technology materials needed to power the sustainable energy revolution.
The company’s Molo graphite project in Madagascar is one of the largest known and highest-quality graphite deposits globally and the only one with SuperFlake graphite.
NextSource Materials Inc. (NEXT) opened trading at C$2.42.
