TSX-listed NextSource Materials will collaborate with Japanese and Chinese partners on the building of a value-add battery anode plant in a jurisdiction that is proximal to the company’s Molo graphite project, in Madagascar.
NextSource did not name the Japanese trading company or Chinese processor of graphite anode material in its news release announcing the letter of intent (LoI).
“The execution of this LOI is part of NextSource’s downstream growth plan and brings together one of the best global processors of graphite anode material and one of the most prominent suppliers of graphite anode material to automotive original equipment manufacturers (OEMs) globally.