NextSource Materials Inc.

NextSource Materials (NEXT:TSX) is a battery materials development Co. with graphite mining operations in Madagascar.

Founded 2001 Canada

Toronto, Canada 70 employees Post Ipo Equity Total: $50.06M

NextSource Materials Inc. is a Canadian battery materials development company focused on becoming a vertically integrated global supplier of battery materials. The company's flagship Molo graphite project in Madagascar is a significant asset, featuring one of the largest and highest-quality graphite resources globally, particularly notable for its SuperFlake® graphite. The company's current emphasis lies on optimizing Phase 1 mine operations to achieve its nameplate production capacity of 17,000 tpa of graphite concentrate. Additionally, NextSource Materials is strategically developing downstream graphite value-add capabilities, which will include the construction of Battery Anode Facilities in Mauritius, with plans for initial production targeted in Q3 2024. Listed on the Toronto Stock Exchange (TSX) under the symbol “NEXT” and on the OTCQB under the symbol “NSRCF”, the company received a $50.00M Post-IPO Equity investment on 13 July 2023. This funding is indicative of the confidence in NextSource Materials' potential within the battery materials market and its planned expansion endeavors.

Funding Stage	Amount	Investors	Lead Investors	Date
Post-IPO Equity	$50.00M	-		13 Jul 2023
Post-IPO Equity	$60.00K	-		13 Aug 2013

Funding Stage

Amount

Investors

Lead Investors

Date

Post-IPO Equity

$50.00M

13 Jul 2023

Post-IPO Equity

$60.00K

13 Aug 2013

FAQ About NextSource Materials Inc.

NextSource Materials (NEXT:TSX) is a battery materials development Co. with graphite mining operations in Madagascar.

NextSource Materials Inc. was founded in 2001.

NextSource Materials Inc. is headquartered in Toronto, Canada.

NextSource Materials Inc. has approximately 70 employees.

NextSource Materials Inc. has completed 2 funding rounds, raising a total of $50.06M. The latest funding stage is Post Ipo Equity.

Top alternatives and competitors to NextSource Materials Inc. include Epsilon Advanced Materials Pvt. Ltd., NOVONIX, Great Lakes Graphite, Battery Future Acquisition Corp., Dundee Precious Metals Inc.. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.

NextSource Materials Inc. and Epsilon Advanced Materials Pvt. Ltd. are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

NextSource Materials Inc.

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