Welcome to our dedicated page for Nextsource news (Ticker: NSRCF), a resource for investors and traders seeking the latest updates and insights on Nextsource stock.
NextSource Materials Inc. develops battery-materials projects focused on graphite mining and value-added processing. Company news centers on the Molo graphite source, SuperFlake® graphite concentrate, and the staged development of Battery Anode Facilities intended to produce coated, spheronized and purified graphite for battery and automotive supply chains.
Recurring updates for NSRCF include UAE Battery Anode Facility engineering and equipment progress, graphite feedstock arrangements, anode active material offtake agreements, project-level financing efforts, capital offerings, strategic partnerships, and management transitions tied to the company's downstream graphite strategy.
NextSource Materials (OTCQB: NSRCF) reported the results of its virtual Annual Meeting held December 30, 2025. Shareholders re-elected all board nominees with overwhelming support, with individual director vote-for percentages ranging from 99.5% to 99.7%. The appointment of PricewaterhouseCoopers LLP as auditor for the fiscal year ending June 30, 2026 was approved with 99.9% support. A total of 101,161,308 common shares, representing 54.7% of outstanding voting shares, were represented at the meeting. The release also reiterates operational progress: the Molo graphite mine has begun Phase 1 production and the company is developing a Battery Anode Facility (BAF) in the UAE.
NextSource Materials (OTCQB: NSRCF) hosted a November 25, 2025 site visit at the secured industrial building in ICAD, Abu Dhabi, for its first commercial-scale Battery Anode Facility (BAF). The 30,000 tpa UAE BAF was validated by an October 1, 2025 technical and economic study and is intended to supply a binding multi-year offtake of ~9,000 tpa intermediate anode material to Mitsubishi Chemical Corporation. Stantec is advancing FEED; long-lead equipment procurement and initial equipment shipments have commenced. Target milestones: installation/commissioning toward end-2026 and initial production in Q4 2026, subject to final funding and permits.
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) confirmed on October 17, 2025 that operations at its Molo Graphite Mine in southern Madagascar and shipments of SuperFlake® graphite concentrate remain uninterrupted despite the current political situation in Madagascar.
Mining and processing at Molo are running under normal conditions with regular campaign production and logistics schedules. Shipments are proceeding from the port of Tulear without disruption. The company said it is engaging with community stakeholders and continuing social development programs, while monitoring events in Antananarivo (about 900 kilometres from Molo) and will provide updates if warranted.
NextSource Materials (OTCQB:NSRCF) has announced positive results from a technical and economic study for its proposed 30,000 tonnes per annum (tpa) battery anode facility (BAF) in the UAE, along with securing an industrial site in Abu Dhabi. The project demonstrates compelling economics with a total capital cost of US$291 million and a post-tax NPV8% of US$442 million with a 24% IRR.
The facility will be developed in two phases, with Phase 1 requiring US$150 million to deliver 14,000 tpa of anode active material (AAM), exceeding Mitsubishi Chemical's initial requirement of 9,000 tpa. At full production, the facility is projected to generate average annual revenues of US$195 million and EBITDA of US$76 million. Initial production is planned for Q4 2026, with full production expected in early 2028.
The secured site in Abu Dhabi's Industrial City (ICAD) features an existing building requiring minimal modification and is strategically located with access to ports, logistics infrastructure, and major shipping routes.
NextSource Materials (OTCQB:NSRCF) has signed a significant multi-year offtake agreement with Mitsubishi Chemical Corporation (MCC) to supply approximately 9,000 tonnes per annum of anode active material (AAM) for North American EV markets. The partnership involves NextSource producing intermediate AAM at a planned Battery Anode Facility (BAF) in the Middle East, which MCC will process into final AAM at its Japan plant for EV battery cell manufacturing.
The agreement represents a crucial step in NextSource's vertical integration strategy, with production expected to commence in 2027. The company is prioritizing BAF development in the UAE and expanding its Molo mine in Madagascar to ensure sufficient graphite feedstock supply. This strategic move gains additional significance following the recent 160% U.S. tariff on Chinese graphite imports.
NextSource Materials (NSRCF) announces a key executive transition as Johnny Velloza steps down from his position as Interim Chief Operating Officer. Nick Miller has been appointed as Acting Executive Vice President, Operations, consolidating the roles of Interim COO and General Manager. Miller, previously Director of Risk Controls at NextSource, brings significant experience from roles at Rio Tinto's Oyu Tolgoi and ArcelorMittal Mining. The transition aims to streamline management structure and optimize operations at the Molo mine, focusing on Phase 1 optimization and preparation for Phase 2 expansion.
NextSource Materials (NSRCF) has provided its Q2 FY2025 update for operations ending December 31, 2024. The company faces challenging market conditions with graphite oversupply and declining prices due to weak EV demand and Chinese market flooding. Despite this, long-term outlook remains positive with expected price recovery.
Key developments include:
- First shipments of SuperFlake® graphite concentrate exported to Germany and US in October 2024
- Consistent production of SuperFlake® graphite with over 95% fixed carbon content
- Receipt of long-lead equipment for initial BAF facility in Mauritius (3,600 tpa capacity)
- Positive results from Saudi Arabia BAF study (20,000 tpa initial capacity, expandable to 100,000 tpa)
The company strengthened its management team with new CEO Hanré Rossouw, CFO Jaco Crouse, and new executive positions. Focus remains on optimizing Molo plant operations, achieving 15,000-17,000 tpa production capacity, and securing long-term offtake agreements.