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NextSource Materials Announces Construction of the Processing Plant for the Molo Graphite Mine is Complete
TORONTO, ON / ACCESSWIRE / February 21, 2023 / NextSource Materials Inc. (TSX:NEXT)(OTCQB:NSRCF)...
About this update from Nextsource Materials Inc
[{"type":"text","content":"NextSource Materials Announces Construction of the Processing Plant for the Molo Graphite Mine is CompleteTORONTO, ON / ACCESSWIRE / February 21, 2023 / NextSource Materials Inc. (TSX:NEXT)(OTCQB:NSRCF) (\"NextSource\" or the \"Company\") is pleased to announce that construction of the processing plant and mining camp for the Company's Molo Graphite Mine in Madagascar is now complete, and that the entire mining fleet is at site.President and CEO, Craig Scherba, commented:\"We are now entering the final stages of development of Phase 1 and are fast approaching first production. We look forward to providing a more detailed update as we progress through commissioning.\"Electrical interconnections between plant modules are in progress, which will be followed by commissioning and the start of mining activities. Plant commissioning will be followed by a ramp up period of up to three months prior to achieving commercial production.Phase 1 of the Molo Graphite Mine is designed to process 240,000 tonnes per annum (tpa) of ore resulting in a name plate production capacity of 17,000 tpa of flake graphite.Image: Molo Mine Processing Plant About NextSource Materials Inc.NextSource Materials Inc. is a battery materials development company based in Toronto, Canada that is intent on becoming a vertically integrated global supplier of battery materials through the mining and value-added processing of graphite and other minerals.The Company's Molo graphite project in Madagascar is one of the largest known and highest-quality projects globally, and the only one with SuperFlake® graphite. Phase 1 of the Molo mine is in the final stages of completion and approaching first production.NextSource Materials is listed on the Toronto Stock Exchange (TSX) under the symbol \"NEXT\" and on the OTCQB under the symbol \"NSRCF\".For further information about NextSource visit our website at www.nextsourcematerials.com or contact us a +1.416.364.4911 or email Brent Nykoliation, Executive Vice President at [email protected] or Craig Scherba, President & CEO at [email protected] Harbour: This press release contains statements that may constitute \"forward-looking information\" or \"forward-looking statements\" within the meaning of applicable Canadian and United States securities legislation. Readers are cautioned not to place ...