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An announcement from NextSource Materials Inc ( (TSE:NEXT) ) is now available.
NextSource Materials has signed a non-binding letter of intent with Japanese trading house Hanwa Co. and government agency JOGMEC for a potential project-level equity investment of up to US$30 million in Phase 1 of its planned Battery Anode Facility in Abu Dhabi, representing up to a 15% stake. The proposed investment, to be made via a jointly owned special purpose vehicle and accompanied by an exclusivity period through March 2026, would support an initial 14,000 tonnes per year of natural graphite anode capacity and underpin a broader strategic framework that may include preferential Japanese offtake, logistics support, and long-term graphite feedstock supply from the Molo mine, reinforcing NextSource’s progress toward a final investment decision and strengthening its positioning in diversified, Japan-linked battery supply chains.
The most recent analyst rating on (TSE:NEXT) stock is a Hold with a C$0.52 price target. To see the full list of analyst forecasts on NextSource Materials Inc stock, see the TSE:NEXT Stock Forecast page.
Spark’s Take on TSE:NEXT Stock
According to Spark, TipRanks’ AI Analyst, TSE:NEXT is a Neutral.
The score is held back primarily by weak fundamentals—negative gross profit, large losses, and sustained cash burn—despite strong revenue growth and only moderate leverage. Technicals are supportive with price above major moving averages and positive MACD, but overbought signals (high RSI/Stoch) temper the near-term setup. Valuation remains challenged due to losses (negative P/E) and no dividend yield.
To see Spark’s full report on TSE:NEXT stock, click here.
More about NextSource Materials Inc
NextSource Materials Inc. is a Toronto-listed graphite developer focused on producing and processing natural graphite for battery anode materials. Its strategy centres on integrating upstream supply from its Molo graphite mine with downstream value-added production, including a proposed Battery Anode Facility in Abu Dhabi aimed at supplying the electric vehicle and energy storage markets, notably in Japan and North America.
Average Trading Volume: 81,244
Technical Sentiment Signal: Hold
Current Market Cap: C$94.3M
See more data about NEXT stock on TipRanks’ Stock Analysis page.