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Thursday, December 7, 2023

NextSource Materials’ EVP Talks Offtake Deal with German Steel Giant and Tesla Supply Chain

NextSource Materials (TSX:NEXT,OTCQB:NSRCF) Executive Vice President Brent Nykoliation talks about the company’s offtake agreement with thyssenkrupp Materials Trading for the sale of NextSource’s SuperFlake® graphite products.

“Our offtake agreement with Germany’s thyssenkrupp was a process that took over five to six years for us to actually establish, and it has turned now into one of our largest customers with a contract for 35,000 tonnes of graphite. This is great news for us because it shows validation of our product,” Nykoliation said.

NextSource entered into a 10 year binding commercial agreement for the sale of approximately 35,000 tonnes per annum of SuperFlake® graphite concentrate from the company’s Molo mine in Madagascar. The product will be for the refractory and expandable graphite (graphite foil) markets for sale in, but not limited to, Europe, the United Kingdom, North America, Mexico, China and South Korea. The newest collaboration follows NextSource’s recent deal with leading companies within the Tesla (NASDAQ:TSLA) supply chain.

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NextSource Materials (TSX:NEXT OTCQB:NSRCF) is a battery materials development company based in Toronto, Canada that is preparing to begin construction of its 100%-owned Molo Graphite Project in southern Madagascar.Send me an Investor Kit

“We have a perfect bifurcation of offtake partners. We have a major German trading company that does the refractory side, which by far still is the number one consumption for graphite today. On the battery side, we have a very strong relationship now with a notable Japanese company. And what’s even more important is they’re bringing us the development and processing know-how for major car companies and will be introduced into our facility,” added Nykoliation.

Watch the full interview with NextSource Executive Vice President Brent Nykoliation above. 

This interview is sponsored by NextSource Materials (TSX:NEXT,OTCQB:NSRCF). This interview provides information which was sourced by the Investing News Network (INN) and approved by NextSource Materials in order to help investors learn more about the company. NextSource Materials is a client of INN. The company’s campaign fees pay for INN to create and update this interview.

INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.

The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with NextSource Materials and seek advice from a qualified investment advisor.

The post NextSource Materials’ EVP Talks Offtake Deal with German Steel Giant and Tesla Supply Chain appeared first on Investing News Network.

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