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The Stock Day Podcast Discusses with NextSource Materials Inc. the Growing Demand of Graphite and the Strategic Investment Led by Mining Legend Sir Mick Davis to Fully Fund Its World-Class Graphite Project
Phoenix, Arizona--(Newsfile Corp. - March 29, 2021) - The Stock Day Podcast welcomed NextSourc...
About this update from Nextsource Materials Inc
[{"type":"text","content":"The Stock Day Podcast Discusses with NextSource Materials Inc. the Growing Demand of Graphite and the Strategic Investment Led by Mining Legend Sir Mick Davis to Fully Fund Its World-Class Graphite ProjectPhoenix, Arizona--(Newsfile Corp. - March 29, 2021) - The Stock Day Podcast welcomed NextSource Materials Inc. (OTCQB: NSRCF) (TSX: NEXT) (\"the Company\"), a battery materials development company based in Toronto, Canada. Executive Vice President of the Company, Brent Nykoliation, joined Stock Day host Everett Jolly. Jolly began the interview by asking about the Company's background and current projects. \"We are a mining development company based in Canada and have been in Madagascar since 2007 where we have developed two world-class projects - one is vanadium and the other is graphite; both of which the US government has declared as critical materials. We are known as a very technically oriented company, and will be bringing our graphite project into production in March of next year. Both of these very significant materials happen to have a long and well established demand in the traditional steel market and now, on top of this, have additional demand as critical materials in the battery and energy storage materials space,\" shared Nykoliation. \"Graphite is critical in lithium ion batteries, where it makes up almost 100% of the anode, the negative side of the battery. There is approximately 10 times more graphite in a lithium-ion battery than there is lithium, and with the massive demand forecasted for electric vehicles over the next 3-10 years, the world is going to need more graphite. Our project is one of the largest and highest-quality flake graphite projects in the world and we have managed to attract a very significant and strategic investor with a proven track record in building billion dollar mining companies - Sir Mick Davis, the former CEO of Xstrata Plc, who built Xstrata into one of the largest mining companies in the world before he merged it with Glencore Plc, which is the largest commodities trading company in the world.\" \"Sir Mick Davis is a mining legend and believes there is a massive secular change coming in the demand for critical battery materials, and in particular graphite, in order to power our future. He created his battery commodity investment company, Vision Blue Resources Ltd., to assemble a po...