Research analysts covering NextSource Materials.
Recent press releases and 8-K filings for NSRCF.
NextSource Materials Announces Plans for UAE Battery Anode Facility
NSRCF
New Projects/Investments
Debt Issuance
- 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.
- 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.
- 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%.
- 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.
- 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.
Oct 1, 2025, 1:12 PM
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