NextSource Materials Raises Funds for Expansion

NextSource Materials Inc (TSE:NEXT) has released an update.

NextSource Materials Inc. has successfully closed its final tranche of a private placement, raising CAD$720,800 to advance its Battery Anode Facilities and expand its Molo Mine in Madagascar. The funds will support the company’s strategy to become a key player in the EV battery market by producing high-quality graphite materials. The shares issued are pending final approval from the Toronto Stock Exchange.

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