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NextSource Materials Secures Partnership with Major Electric Vehicle Supply Chain to Build Battery Anode Facility
Three-way partnership pairs NextSource with a leading processor and a supplier of battery a...
About this update from Nextsource Materials Inc
[{"type":"text","content":"NextSource Materials Secures Partnership with Major Electric Vehicle Supply Chain to Build Battery Anode FacilityThree-way partnership pairs NextSource with a leading processor and a supplier of battery anode material within the Tesla supply chain.Provides NextSource with a complete, turn-key facility that is a duplicate of the current facilities that are processing spheronized and purified graphite (SPG) for lithium-ion batteries (\"LiB\") by current suppliers to Tesla and other electric vehicle (\"EV\") and hybrid vehicle (\"HEV\") manufacturers.Enables NextSource to gain immediate access to leading and established spheroidization technology intellectual property. As a result, the time required for final QA/QC of its SuperFlake® graphite with other automotive manufacturers can be significantly reduced.Commissioning of the battery anode facility is targeted for Q4 2022.Partnership is exclusive to NextSource and can provide automotive manufacturers a complete and proven anode solution using non-Chinese sourced feedstock or value-added anode material.NextSource is well positioned to become a significant strategic supplier of battery anode material for the electric vehicle revolution, providing a fully integrated graphite product from \"the mine to the car\".TORONTO, ON / ACCESSWIRE / April 12, 2021 / NextSource Materials Inc. (TSX:NEXT)(OTCQB:NSRCF) (\"NextSource\" or the \"Company\") is pleased to announce it has finalized a binding agreement (\"the Partnership\") to construct and operate a value-added, battery anode facility (\"BAF\") to produce spheronized and purified graphite (\"SPG\") required in lithium-ion batteries for electric vehicle (\"EV\") and hybrid vehicle (\"HEV\") applications.The Partnership is exclusive to NextSource and pairs the Company with two well-established and leading companies that process and supply SPG to leading Japanese anode and battery makers, who in turn supply the Tesla supply chain and other major automotive companies (\"OEMs\").This three-way Partnership will provide NextSource with a complete, turn-key anode facility that is an exact duplicate of the facility that is currently processing value-added spheronized and purified graphite for lithium-ion batteries by one of current suppliers to Tesla and other international OEMs.Commissioning of the BAF is targeted for Q4 2022 and will be lo...