NextSource Materials to collaborate on battery anode plant in Madagascar with Japanese and Chinese partners
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APRIL 20, 2020
executed a Letter of Intent (LOI) with its Japanese offtake partner and a leading Chinese processor of graphite anode material to collaborate on the construction of a value-add, battery anode plant in a jurisdiction that is proximal to the Company’s Molo graphite project in Madagascar. To protect certain confidential aspects of the LOI, the Japanese trading company and the Chinese SPG producer have requested not to be identified at this time.