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NextSource Materials Inc. (OTCQB:NSRCF) has initiated a technical study for a Phase 2 production capacity of 150,000 tonnes per annum of SuperFlake® graphite at the Molo Graphite Mine in Madagascar, significantly up from 45,000 tpa. This expansion is driven by discussions with offtake partners and aims to enhance project economics for the battery materials sector. Cormark Securities has also begun coverage of the company. Key milestones include securing US$29.5 million funding, initiating Phase 1 construction, and a long-term partnership with thyssenkrupp for graphite supply.
