NextSource Materials Announces Upsizing of Funding Facility from Vision Blue Resources to Advance UAE Anode Facility Development
NextSource Materials (OTCQB:NSRCF) announced an increase to its drawdown credit facility with Vision Blue Resources by up to US$10 million on October 29, 2025, potentially raising the total facility to US$30 million.
The incremental funding is intended to advance technical work and investor negotiations for NextSource's UAE battery anode facility (UAE BAF), support the Molo mine and its expansion, and is drawable in tranches (next tranche US$5 million).
Terms: interest accrues at 15% per annum, the loan is repayable on demand, and the facility remains secured by company assets. Vision Blue holds 47.68% of NextSource, so the transaction is a related-party arrangement approved by the board with one director recused.
NextSource Materials (OTCQB:NSRCF) ha annunciato un aumento della sua linea di credito rotativo con Vision Blue Resources di fino a US$10 milioni il 29 ottobre 2025, potenzialmente portando l’importo totale della linea a US$30 milioni.
Il finanziamento incrementale è destinato ad avanzare lavori tecnici e negoziazioni con investitori per l’impianto anodo batteria UAE (UAE BAF), a supporto della miniera Molo e della sua espansione, ed è prelevabile in tranches (la prossima tranche di US$5 milioni).
Termini: gli interessi maturano al 15% all’anno, il prestito è rimborsabile su richiesta e la linea resta garantita da beni aziendali. Vision Blue detiene il 47,68% di NextSource, quindi l’operazione è un accordo tra parti correlate approvato dal consiglio con un direttore astenuto.
NextSource Materials (OTCQB:NSRCF) anunció un aumento de su línea de crédito con Vision Blue Resources de hasta US$10 millones el 29 de octubre de 2025, lo que podría elevar el total de la facilidad a US$30 millones.
El financiamiento incremental está destinado a impulsar trabajos técnicos y negociaciones con inversores para la instalación de ánodo de batería UAE (UAE BAF), apoyar la mina Molo y su expansión, y se puede disponer en tramos (el siguiente tramo es de US$5 millones).
Términos: los intereses se acumulan al 15% anual, el préstamo es reembolsable a demanda y la facilidad permanece garantizada por los activos de la empresa. Vision Blue posee el 47,68% de NextSource, por lo que la transacción es un acuerdo entre partes relacionadas aprobado por la junta con un director que se abstuvo.
NextSource Materials (OTCQB:NSRCF)는 Vision Blue Resources와의 차입 신용 한도를 2025년 10월 29일에 최대 미화 1천만 달러까지 늘리겠다고 발표했고, 총 한도는 미화 3천만 달러까지 올릴 수 있습니다.
증액 자금은 UAE 배터리 음극재 공장(UAE BAF)에 대한 기술 작업과 투자자 협상을 진행하고, Molo 광산과 그 확장을 지원하며, 트랜치로 인출할 수 있습니다(다음 트랜치는 미화 500만 달러).
조건: 이자는 연 15%로 발생하고, 대출은 요구상환되며, 시설은 회사 자산으로 담보됩니다. Vision Blue는 NextSource의 47.68%를 보유하므로 거래는 이사회에서 승인된 관련 당사자 간 합의이며, 한 이사는 기권했습니다.
NextSource Materials (OTCQB:NSRCF) a annoncé une augmentation de sa facilité de crédit rotative avec Vision Blue Resources d’un montant allant jusqu’à 10 millions de dollars américains le 29 octobre 2025, ce qui pourrait porter le total à 30 millions de dollars américains.
Le financement additionnel vise à faire progresser les travaux techniques et les négociations avec les investisseurs pour l’installation UAE de l’anode de batterie (UAE BAF), à soutenir la mine Molo et son expansion, et peut être débloqué par tranches (la prochaine tranche de 5 millions de dollars américains).
Conditions: les intérêts courent à 15% par an, le prêt est remboursable sur demande et la facilité reste garantie par les actifs de l’entreprise. Vision Blue détient 47,68% de NextSource, donc la transaction est un accord entre parties liées approuvé par le conseil avec un directeur qui s’est récusé.
NextSource Materials (OTCQB:NSRCF) kündigte am 29. Oktober 2025 eine Erhöhung seiner revolvierenden Kreditfazilität mit Vision Blue Resources um bis zu US$10 Millionen an, wodurch die Gesamtfazilität potenziell auf US$30 Millionen ansteigen könnte.
Die zusätzliche Finanzierung soll technische Arbeiten vorantreiben und Investorenverhandlungen für die UAE-Batterie-Anodenanlage (UAE BAF) unterstützen, die Molo-Mine und ihre Expansion unterstützen, und sie ist gestaffelt abrufbar (nächste Tranche US$5 Millionen).
Bedingungen: Zinsen laufen mit 15% p.a., das Darlehen ist auf Abruf zurückzahlbar und die Fazilität bleibt durch die Vermögenswerte des Unternehmens gesichert. Vision Blue besitzt 47,68% von NextSource, daher ist die Transaktion eine Nahestehende-Partei-Vereinbarung, die vom Vorstand genehmigt wurde, wobei ein Direktor sich der Stimme enthält.
NextSource Materials (OTCQB:NSRCF) أعلنت عن زيادة في تسهيلها الائتماني القابل للسحب مع Vision Blue Resources بمقدار يصل إلى 10 ملايين دولار أمريكي في 29 أكتوبر 2025، مما قد يرفع الإجمالي إلى 30 مليون دولار أمريكي.
التمويل التكميلي مخصّص لتعجيل الأعمال الفنية ومفاوضات المستثمرين لمرفق أنود بطارية الإمارات العربية المتحدة (UAE BAF)، وللدعم في منجم مولو وتوسعه، ويمكن سحبها على شكل دفعات (الدفعة التالية 5 ملايين دولار أمريكي).
الشروط: الفائدة تتراكم بمعدل 15% سنوياً، القرض قابل للسداد عند الطلب، وتظل التسهيل مضمونة بأصول الشركة. تمتلك Vision Blue 47.68% من NextSource، لذلك تعتبر الصفقة ترتيباً مع طرف ذو صلة مع موافقة المجلس مع امتناع مدير واحد عن التصويت.
NextSource Materials (OTCQB:NSRCF) 于 2025 年 10 月 29 日 宣布将与 Vision Blue Resources 的可透支信贷额度提高至最多 1000 万美元，可能将总额度提高至 3000 万美元。
增量资金旨在推进技术工作和与投资者的谈判，为 NextSource 的 UAE 电池阳极装置（UAE BAF）提供支持，支持 Molo 矿及其扩产，并可分阶段提款（下一阶段为 500 万美元）。
条件：利息按年计为 15%，贷款可按需求偿还，额度由公司资产担保。Vision Blue 持有 NextSource 47.68%，因此该交易为关联方安排，已获董事会批准，且有一名董事回避表决。
- Potential facility increase to US$30M
- Immediate US$5M next tranche available
- Funding aimed to advance UAE BAF toward final investment decision
- High cost of capital: 15% per annum interest
- Loan is repayable on demand, creating liquidity risk
- Facility is secured by company assets, increasing creditor leverage
- Related-party exposure: Vision Blue owns 47.68% of shares
TORONTO, ON / ACCESS Newswire / October 29, 2025 / NextSource Materials Inc. (TSX:NEXT)(OTCQB:NSRCF) ("NextSource" or the "Company") announces that it has agreed to an extension to its drawdown credit facility (the "Facility") of up to a further US
The Company is in active discussions with debt and equity investors that have expressed interest in funding its battery anode facility in the United Arab Emirates ("UAE BAF"). The funding from Vision Blue allows the Company to progress its strategic partner process, advance the UAE BAF towards a final investment decision, and support the continued operation of the Molo mine and the development of its expansion opportunities.
Hanré Rossouw, President and CEO commented,
"Securing this additional financing from Vision Blue Resources provides NextSource with significant financial flexibility, allowing NextSource to advance critical technical workstreams and negotiations with strategic investors engaged in discussions around financing the Company's battery anode facility in the United Arab Emirates."
As announced on January 30, 2025, the Company secured a drawdown Facility of up to US
Related Party Transaction
Vision Blue holds
The Company is not required to obtain a formal valuation in respect of the Facility. The Company is exempt from the need to obtain minority shareholder approval per subsection 5.7(1)(f) of MI 61-101, as the Facility is on reasonable commercial terms that are not less advantageous to the Company than if the Facility were obtained from a person dealing at arm's length with the Company and the Facility is not convertible, directly or indirectly into equity of the Company or a subsidiary of the Company. The Board of Directors of NextSource, with the exception of Sir Mick Davis (being a Director of Vision Blue) who declared his interest and recused himself, unanimously approved the Facility.
About NextSource Materials Inc.
NextSource Materials Inc. is a battery materials company based in Toronto, Canada that is intent on becoming a vertically integrated global supplier of battery materials through the mining and value-added processing of graphite and other minerals.
The Company's Molo graphite project in Madagascar is one of the largest known and highest-quality graphite resources globally, and the only one with SuperFlake® graphite. The Molo mine has begun production through Phase 1 mine operations.
The Company is also developing a significant downstream graphite value-add business through the staged rollout of Battery Anode Facilities (BAF) capable of large-scale production of coated, spheronized and purified graphite for direct delivery to battery and automotive customers, in a fully transparent and traceable manner. The Company is now in the process of developing its first BAF in the UAE.
NextSource Materials is listed on the Toronto Stock Exchange under the symbol "NEXT" and on the OTCQB under the symbol "NSRCF".
For further information about NextSource Materials, please visit our website at www.nextsourcematerials.com or contact us at +1.416.364.4911 or email Brent Nykoliation, Executive Vice President at brent@nextsourcematerials.com.
Safe Harbour: This press release contains statements that may constitute "forward-looking information" or "forward-looking statements" within the meaning of applicable Canadian and United States securities legislation. Readers are cautioned not to place undue reliance on forward-looking information or statements. Forward looking statements and information are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "potential", "possible" and other similar words, or statements that certain events or conditions "may", "will", "could", "expected" or "should" occur. Forward-looking statements include any statements regarding, among others, timing of construction and completion of the BAF and proposed timing of future locations of additional BAFs, timing and completion of front-end engineering and design and ESIA permitting, the economic results of the BAF Technical Study including capital costs estimates, operating costs estimates, payback, NPV, IRR, production, sales pricing and working capital estimates, the construction and potential expansion of the BAFs, expansion plans, as well as the Company's intent on becoming a fully integrated global supplier of critical battery and technology materials. These statements are based on current expectations, estimates and assumptions that involve a number of risks, which could cause actual results to vary and, in some instances, to differ materially from those anticipated by the Company and described in the forward-looking statements contained in this press release. No assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur or, if any of them do so, what benefits the Company will derive there from. The forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements, whether because of new information, future events or otherwise, except as may be required by applicable securities laws. Although the forward-looking statements contained in this news release are based on what management believes are reasonable assumptions, the Company cannot assure investors that actual results will be consistent with them. These forward-looking statements are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release.
SOURCE: NextSource Materials Inc.
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FAQ
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When is the next tranche from Vision Blue expected and how much is it?
