- NextSource Materials Inc. has announced positive results from a technical and economic study for a proposed **battery anode facility in Abu Dhabi, UAE**, with a total production capacity of **30,000 tonnes per annum**.  **[1302084_aceb890254044c06bbd168b719dcdd78]** 
- The project is estimated to require a capital investment of **US$291 million** and is forecasted to generate annual revenues of **US$195 million** and EBITDA of **US$76 million**.  **[1302084_aceb890254044c06bbd168b719dcdd78]** 
- The post-tax Net Present Value (NPV) of the project is estimated at **US$442 million** with an Internal Rate of Return (IRR) of **24%**.  **[1302084_aceb890254044c06bbd168b719dcdd78]** 
- Initial production is planned to start in **Q4 2026**, with the first anode product delivery to Mitsubishi Chemical expected in 2026 and full production capacity achieved by **early 2028**.  **[1302084_aceb890254044c06bbd168b719dcdd78]** 
- NextSource aims to become the **largest battery anode producer outside Asia** and achieve full vertical integration by 2027, despite facing **significant financial challenges** and actively engaging with potential strategic partners for funding.  **[1302084_aceb890254044c06bbd168b719dcdd78]**

NextSource Materials (NSRCF)