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. Madagascar is renowned worldwide for its high-quality flake graphite and has been a traditional producer for over a century but has never exceeded 12,000 tonnes of production annually.