NextSource Materials CEO says positive study results for UAE facility mark a 'pivotal moment'

Proactive - Interviews for investors

NextSource Materials Inc. (TSX:NEXT, OTCQB:NSRCF) President and CEO Hanré Rossouw talked with Proactive about the company’s technical and economic study for its active anode material project in Abu Dhabi. Rossouw said the development marks a “pivotal moment” for NextSource as it positions itself as one of the largest non-Chinese producers of battery anode material for electric vehicles and grid-scale storage. He explained that the project is underpinned by an offtake agreement with Mitsubishi, with a total capital cost of US $291 million, including US $150 million for the first phase. The study showed an IRR of 24% and a payback period of 4.6 years, resulting in a net present value above US $400 million. Rossouw highlighted that Abu Dhabi’s industrial zone offered cost advantages, rapid time-to-market, and an existing ecosystem of reagent suppliers and low-cost power. He added that NextSource aims to complete financing with support from Société Générale and potential local partners, combining debt and equity at both asset and group levels. The CEO said the company is progressing toward a final investment decision, with half of the required equipment already ordered and stored in Mauritius and China. The project forms part of NextSource’s broader strategy to build vertically integrated anode capacity outside Asia, supported by graphite from its Molo mine in Madagascar. Visit Proactive’s YouTube channel for more interviews and updates. Don’t forget to like this video, subscribe to our channel, and turn on notifications for the latest news and insights. #NextSourceMaterials #HanreRossouw #Graphite #BatteryAnode #AbuDhabi #EVMaterials #Mitsubishi #MiningNews #EnergyStorage #ProactiveInvestors