NextSource Materials Provides Quarterly Update and Investor Conference Call Details
NextSource Materials (NSRCF) has provided its Q2 FY2025 update for operations ending December 31, 2024. The company faces challenging market conditions with graphite oversupply and declining prices due to weak EV demand and Chinese market flooding. Despite this, long-term outlook remains positive with expected price recovery.
Key developments include:
- First shipments of SuperFlake® graphite concentrate exported to Germany and US in October 2024
- Consistent production of SuperFlake® graphite with over 95% fixed carbon content
- Receipt of long-lead equipment for initial BAF facility in Mauritius (3,600 tpa capacity)
- Positive results from Saudi Arabia BAF study (20,000 tpa initial capacity, expandable to 100,000 tpa)
The company strengthened its management team with new CEO Hanré Rossouw, CFO Jaco Crouse, and new executive positions. Focus remains on optimizing Molo plant operations, achieving 15,000-17,000 tpa production capacity, and securing long-term offtake agreements.
NextSource Materials (NSRCF) ha fornito il suo aggiornamento per il secondo trimestre dell'anno fiscale 2025, con operazioni che si concluderanno il 31 dicembre 2024. L'azienda affronta condizioni di mercato difficili a causa di un eccesso di offerta di grafite e di prezzi in calo, a causa di una domanda debole di veicoli elettrici e di un'inondazione del mercato cinese. Nonostante ciò, le prospettive a lungo termine rimangono positive con un atteso recupero dei prezzi.
Sviluppi chiave includono:
- Prime spedizioni di concentrato di grafite SuperFlake® esportate in Germania e negli Stati Uniti nell'ottobre 2024
- Produzione costante di grafite SuperFlake® con oltre il 95% di carbonio fisso
- Ricezione di attrezzature a lungo termine per il primo impianto BAF a Mauritius (capacitá di 3.600 tpa)
- Risultati positivi dallo studio BAF in Arabia Saudita (capacità iniziale di 20.000 tpa, espandibile a 100.000 tpa)
L'azienda ha rafforzato il suo team di gestione con il nuovo CEO Hanré Rossouw, il CFO Jaco Crouse e nuove posizioni esecutive. L'obiettivo rimane l'ottimizzazione delle operazioni dell'impianto Molo, raggiungendo una capacità di produzione di 15.000-17.000 tpa e assicurando contratti di lungo termine.
NextSource Materials (NSRCF) ha proporcionado su actualización del segundo trimestre del año fiscal 2025, con operaciones que finalizarán el 31 de diciembre de 2024. La compañía enfrenta condiciones de mercado desafiantes debido a un exceso de oferta de grafito y precios en declive, resultado de una débil demanda de vehículos eléctricos y una saturación del mercado chino. A pesar de esto, las perspectivas a largo plazo siguen siendo positivas con una esperada recuperación de precios.
Los desarrollos clave incluyen:
- Primeras exportaciones de concentrado de grafito SuperFlake® a Alemania y EE. UU. en octubre de 2024
- Producción constante de grafito SuperFlake® con más del 95% de contenido de carbono fijo
- Recepción de equipos de largo plazo para la primera instalación BAF en Mauricio (capacidad de 3,600 tpa)
- Resultados positivos del estudio BAF en Arabia Saudita (capacidad inicial de 20,000 tpa, expandible a 100,000 tpa)
La empresa ha fortalecido su equipo de gestión con el nuevo CEO Hanré Rossouw, el CFO Jaco Crouse y nuevos puestos ejecutivos. El enfoque sigue siendo optimizar las operaciones de la planta Molo, alcanzando una capacidad de producción de 15,000-17,000 tpa y asegurando acuerdos de compra a largo plazo.
넥스트소스 소재 (NSRCF)는 2025 회계연도 2분기 운영 업데이트를 2024년 12월 31일 종료를 기준으로 제공했습니다. 회사는 그래파이트 공급 과잉과 전기차 수요 약화 및 중국 시장의 홍수로 인한 가격 하락 등의 어려운 시장 상황에 직면해 있습니다. 그럼에도 불구하고 장기 전망은 긍정적이며 가격 회복이 예상됩니다.
주요 개발 사항은 다음과 같습니다:
- 2024년 10월에 독일과 미국으로 수출된 SuperFlake® 그래파이트 농축물의 첫 선적
- 95% 이상의 고정 탄소 함량을 가진 SuperFlake® 그래파이트의 일관된 생산
- 모리셔스에 있는 초기 BAF 시설을 위한 장기 장비 수령 (연간 3,600톤 용량)
- 사우디아라비아 BAF 연구에서 긍정적인 결과 (초기 용량 20,000톤, 100,000톤으로 확장 가능)
회사는 새로운 CEO 한레 로수와 CFO 자코 크라우스 및 새로운 경영직을 포함하여 관리 팀을 강화했습니다. 목표는 몰로 공장의 운영 최적화, 연간 15,000-17,000톤 생산 능력 달성 및 장기 오프테이크 계약 확보입니다.
NextSource Materials (NSRCF) a fourni sa mise à jour pour le deuxième trimestre de l'exercice fiscal 2025, avec des opérations se terminant le 31 décembre 2024. L'entreprise fait face à des conditions de marché difficiles, avec un excès d'offre de graphite et une baisse des prix due à une demande faible pour les véhicules électriques et une saturation du marché chinois. Malgré cela, les perspectives à long terme restent positives avec une reprise des prix attendue.
Les développements clés incluent :
- Premières expéditions de concentré de graphite SuperFlake® exportées vers l'Allemagne et les États-Unis en octobre 2024
- Production constante de graphite SuperFlake® avec plus de 95 % de carbone fixe
- Réception d'équipements à long terme pour la première installation BAF à Maurice (capacité de 3 600 tpa)
- Résultats positifs de l'étude BAF en Arabie Saoudite (capacité initiale de 20 000 tpa, extensible à 100 000 tpa)
L'entreprise a renforcé son équipe de direction avec le nouveau PDG Hanré Rossouw, le CFO Jaco Crouse et de nouveaux postes exécutifs. L'accent reste mis sur l'optimisation des opérations de l'usine Molo, atteignant une capacité de production de 15 000 à 17 000 tpa et en sécurisant des contrats d'achat à long terme.
NextSource Materials (NSRCF) hat sein Update für das zweite Quartal des Geschäftsjahres 2025 für die am 31. Dezember 2024 endenden Operationen bereitgestellt. Das Unternehmen sieht sich herausfordernden Marktbedingungen gegenüber, mit einem Überangebot an Graphit und sinkenden Preisen aufgrund schwacher Nachfrage nach Elektrofahrzeugen und einer Überschwemmung des chinesischen Marktes. Dennoch bleibt die langfristige Aussicht positiv, mit einer erwarteten Preiserholung.
Wichtige Entwicklungen sind:
- Erste Lieferungen von SuperFlake®-Graphitkonzentrat, die im Oktober 2024 nach Deutschland und in die USA exportiert wurden
- Konstante Produktion von SuperFlake®-Graphit mit über 95% festem Kohlenstoffgehalt
- Erhalt von Langzeitgeräten für die erste BAF-Anlage in Mauritius (Kapazität 3.600 tpa)
- Positive Ergebnisse aus der BAF-Studie in Saudi-Arabien (anfängliche Kapazität von 20.000 tpa, erweiterbar auf 100.000 tpa)
Das Unternehmen hat sein Management-Team mit dem neuen CEO Hanré Rossouw, CFO Jaco Crouse und neuen Exekutivpositionen gestärkt. Der Fokus bleibt auf der Optimierung der Betriebsabläufe der Molo-Anlage, um eine Produktionskapazität von 15.000-17.000 tpa zu erreichen und langfristige Abnahmeverträge zu sichern.
- None.
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TORONTO, ON / ACCESS Newswire / February 14, 2025 / NextSource Materials Inc. (TSX:NEXT)(OTCQB:NSRCF) ("NextSource" or "the Company") is pleased to provide a second quarter activities update for the six months ending December 31, 2024 on its Molo Graphite Mine (the "Molo mine") in southern Madagascar, and battery anode facility ("BAF") development activities.
The Company's second quarter financials and Management's Discussion and Analysis (MD&A) are available to access on SEDAR+ and the NextSource corporate website by end of business on February 14th, 2025.
Key Points
For the past two years, the graphite market has experienced oversupply and growing competition, especially from the synthetic graphite sector. Natural graphite prices declined in calendar year 2024, driven by weaker-than-expected EV demand and market flooding by China. The long-term graphite market outlook remains positive, with price recoveries expected over the next year, driven by rising EV demand and excess supply from China being absorbed.
Global battery demand is set to surge between 2025-2030. Benchmark Minerals Intelligence forecasts 97 new graphite mines needed by 2035, warning of potential shortages lasting up to 20 years without diversified production beyond China. Graphite makes up >
95% of a lithium-ion battery anode, and lithium-ion batteries will remain the dominant technology for the foreseeable future.Despite challenging market conditions that have slowed progress, the Company remains fully committed to optimizing and expanding its operations. Focus remains on Molo plant optimization and implementation of automated processes to ensure sustained plant capacity, reduced production costs and increased economic feasibility of the operation against the current downward trending price market. The continued ramp-up of the Molo plant will also be balanced against the build out of sales to responsibly expand with market demand and optimize working capital.
The Company is working to achieve the following milestones:
Ramp-up and optimization of Molo Phase 1 to production capacity of 15,000 - 17,000 tpa of SuperFlake® graphite concentrate
Declaration of commercial production, with the focus to balance the optimal output and quality of its SuperFlake® concentrate
Continued build out of customers and sales channels
Secure long-term offtake agreements and strategic OEM partnerships for the production of spherical, purified graphite ("SPG") coated SPG ("CSPG")
Conclusion of the EIA for the Mauritius BAF and further evaluation of additional BAFs in the Middle East
In October 2024, the first container loads of high-quality, on specification, SuperFlake® graphite concentrate were exported from Madagascar to Germany and the U.S. under existing sales agreements and into key demand markets for higher value graphite products. These shipments arrived in late December 2024 and are undergoing verification testing as a requirement for further commercial sales. The Company has received further Purchase Orders and expects a continued ramp-up of sales in the coming quarters.
The Company has been consistently producing SuperFlake® graphite with a fixed carbon content of over
95% and has completed shipments of qualifying SPG material via its Battery Anode Facility Technology Partner, who is also currently performing qualifying tests and conversion into CSPG.During fiscal 1H 2025, the Company announced the further strengthening of its management team to support the next phase of its global growth strategy, with the addition of its new CEO (Hanré Rossouw), new CFO (Jaco Crouse), and newly created roles of CDO (Craig Scherba) and EVP of Downstream Operations (Dr. Tilo Hauke).
Long-lead equipment and the main process equipment for the Company's initial BAF in Mauritius, designed for an initial production capacity of 3,600 tpa of SPG and/or CSPG, was received during Q1 2025. The initiation of construction activities is subject to completing a formal environmental impact assessment ("EIA") process and obtaining all necessary permits. The EIA is still in progress and the Company continues to engage with the relevant authorities on the project.
In June 2024, the Company announced the positive economic results of a conceptual design and technical study to develop a BAF in the Kingdom of Saudi Arabia, initially producing 20,000 tpa of CSPG and increasing to 100,000 tpa through staged expansions. NextSource is also evaluating additional locations in the Middle East.
Once the Molo Mine has met the commercial production threshold, the Company will provide forward guidance on production volumes, revenues, and operating costs.
Investor Conference Call
Chief Executive Officer Hanré Rossouw, and Chief Financial Officer Jaco Crouse will host a conference call at 11:00 EST on February 17th, 2025, to comment on the second quarter financials and MD&A.
To join the webcast, participants should access the following link:
https://www.webcaster4.com/Webcast/Page/3080/52033
To dial in by phone:
Toll Free: 888-506-0062
International: 973-528-0011
Participant Access Code: 931526
A recording of the call will also be available on NextSource's website by the following day.
About NextSource Materials Inc.
NextSource Materials Inc. is a battery materials development company based in Toronto, Canada that is intent on becoming a vertically integrated global supplier of battery materials through the mining and value-added processing of graphite and other minerals.
The Company's Molo graphite project in Madagascar is one of the largest known and highest-quality graphite resources globally, and the only one with SuperFlake® graphite. The Molo mine has begun production, with Phase 1 mine operations currently being optimized.
The Company is also developing a significant downstream graphite value-add business through the staged rollout of Battery Anode Facilities capable of large-scale production of coated, spheronized and purified graphite for direct delivery to battery and automotive customers, outside of existing Asian supply chains, in a fully transparent and traceable manner.
NextSource Materials is listed on the Toronto Stock Exchange (TSX) under the symbol "NEXT" and on the OTCQB under the symbol "NSRCF".
For further information about NextSource, please visit our website at nextsourcematerials.com or contact us:
Investors: Brent Nykoliation, Executive Vice President +1.416.364.4911 brent@nextsourcematerials.com
Media: Michael Oke/Andy Mills +44 207 321 0000 nextsource@aura-financial.com
Cautionary Note
This press release contains statements that may constitute "forward-looking information" or "forward-looking statements" within the meaning of applicable Canadian and United States securities legislation. Readers are cautioned not to place undue reliance on forward-looking information or statements. Forward looking statements and information are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "potential", "possible" and other similar words, or statements that certain events or conditions "may", "will", "could", or "should" occur. Forward-looking statements include any statements regarding, among others, timing of commissioning and achievement of nameplate capacity, including the processing plant, process improvements and mine plant adjustments as well as production estimates and timing thereof, the rollout of Battery Anode Facilities including the capabilities and the timing thereof. These statements are based on current expectations, estimates and assumptions that involve a number of risks, which could cause actual results to vary and, in some instances, to differ materially from those anticipated by the Company and described in the forward-looking statements contained in this press release. No assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur or, if any of them do so, what benefits the Company will derive there from. The forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements, whether because of new information, future events or otherwise, except as may be required by applicable securities laws. Although the forward-looking statements contained in this news release are based on what management believes are reasonable assumptions, the Company cannot assure investors that actual results will be consistent with them. These forward-looking statements are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release.
SOURCE: NextSource Materials Inc.
View the original press release on ACCESS Newswire
FAQ
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