NextSource Materials Inc. (TSX:NEXT, OTCQB:NSRCF) President and CEO Hanré Rossouw talked with Proactive's Stephen Gunnion about the company’s latest progress at the Abu Dhabi site for its graphite processing facility. The discussion followed a recent site visit, which included local and international investors and potential financing partners.
Rossouw emphasized the advantages of the facility's location in the Industrial City of Abu Dhabi, citing expedited permitting, existing infrastructure, and a 60,000m² warehouse already in place. This turns the project from a traditional construction into a faster “installation project,” significantly reducing the development timeline.
Key milestones in the coming months include the finalization of engineering design and securing funding. Rossouw noted that visitors were able to see “the 3D modelling already of the equipment being installed,” signalling the advanced stage of preparation.
NextSource has already secured a multi-year offtake agreement with Mitsubishi Chemical for 9,000 tonnes of annual production from the facility’s first phase. Discussions are underway to secure the remaining capacity of 5,000 tonnes and potentially increase output in the first phase. The facility is a cornerstone of the company’s vertical integration strategy, with feedstock supplied by its Molo mine and supplemented by third-party sources.
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