NextSource Materials Inc. has successfully closed a non-brokered private placement offering, raising CAD$14.69 million to advance its Battery Anode Facilities (BAF) strategy and Molo Mine expansion.
Not for distribution to U.S. news wire services or for dissemination in the United States or to a U.S. Person.NextSource Materials Inc. announces it has closed a non-brokered private placement offering of 27,728,100 common shares of the Company at a price of CAD$0.53 per Share for aggregate gross proceeds of CAD$14,695,893 ., with significant new and existing shareholders of the Company representing the remaining investors.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Shares in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This press release does not constitute an offer of Shares for sale in the United States.
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 to reach its nameplate production capacity of 17,000 tpa of graphite concentrate.
Mining Nextsourcematerials Privateplacement Evbatteries Molomine
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