NextSource Materials Inc.

NextSource Materials Inc. is a battery materials development company based in Toronto, Canada. It focuses on mining and value-added processing of graphite and other minerals to supply critical materials for batteries and technology applications. The company operates through two main segments: mine development and battery anode facilities development. Its principal asset is the Molo graphite mine in southern Madagascar, one of the largest and highest-quality graphite deposits worldwide, featuring SuperFlake graphite concentrate with a production capacity of 150,000 tons per annum. Production is ramping up at the Molo Mine. NextSource Materials Inc. also develops battery anode facilities in Mauritius for producing coated, spheronized, and purified graphite targeted at battery and automotive customers. The company holds interests in the Green Giant vanadium project in Madagascar and the Sagar project in Quebec, Canada, both at exploration and evaluation stages. Through partnerships, it supplies SuperFlake anode material to major original equipment manufacturers in the electric vehicle market.