NextSource Materials announces arrival of equipment shipment in UAQ

NextSource Materials (NSRCF) announced that the first shipment of equipment for its proposed Battery Anode Facility has arrived in Abu Dhabi in the United Arab Emirates. The shipment consists of long-lead items for anode processing which the Company has previously procured. The procurement of key processing equipment and delivery of these components are critical in demonstrating the Company’s proactive approach and ability to deliver, ensuring that key equipment is secured ahead of installation and commissioning. The equipment will be installed in the pre-existing industrial building selected by the Company within the Industrial City of Abu Dhabi. The availability of this ready-to-use facility provides a substantial schedule advantage by minimizing the need for extensive construction, allowing the Company to focus capital and time on process installation and operational readiness. The Company also reports progress in the Front-End Engineering and Design phase. The FEED work has now progressed to schematic design, providing further definition on plant design, capital requirements, and execution planning. This growing level of technical and cost certainty will form a key input into the Final Investment Decision. Following a FID, the Company will proceed with full equipment procurement, installation, commissioning, and ramp-up in accordance with its phased development plan.