NextSource Materials confirms Molo mine operations continue uninterrupted, Madagascar

NextSource Materials Inc. [TSX: NEXT; OTCQB: NSRCF] confirmed that operations at its Molo graphite mine in southern Madagascar and shipments of its SuperFlake graphite concentrate remain unaffected by the current political situation in Madagascar.

Mining and processing activities at the Molo mine continue under normal conditions, with the company maintaining its regular campaign production and logistics schedules. Shipments of SuperFlake graphite to international customers are proceeding from the port of Tulear without disruption.

NextSource maintains close engagement with community stakeholders to ensure continued collaboration and stability around its operations and reaffirms its continuing commitment to the well-being of its employees, the local community and to social development programs in Madagascar, which continue as planned.

The company continues to monitor events in Antananarivo, Madagascar’s capital city, located approximately 900 km from its Molo operations, and will provide further updates if warranted.

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 through phase 1 mine operations.

The company is also developing a significant downstream graphite value-add business through the staged rollout of battery anode facilities capable of large-scale production of coated, spheronized and purified graphite for direct delivery to battery and automotive customers in a fully transparent and traceable manner. The company is now in the process of developing its first battery anode facility in the United Arab Emirates.