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. Its EV and HEV automotive anode customers are global and currently supply graphite anode material to the majority of Japanese automotive OEMs. Canada-based NextSource Materials Inc.