NextSource Materials Inc (TSE:NEXT) has released an update.
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NextSource Materials Inc. is set to expand its Molo Graphite Mine in Madagascar after signing a mandate letter for a US$91 million debt facility with the International Finance Corporation. This funding aims to quintuple the mine’s output to 150,000 tonnes per annum, bolstering its position in the global battery materials market. The expansion, marked by a solid financial forecast, is anticipated to significantly contribute to Madagascar’s sustainable development.
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