NextSource Materials secures $91m debt facility from IFC for Molo graphite mine expansion in Madagascar, increasing production capacity to 150,000 tonnes per annum.
NextSource Materials signs a mandate letter with the International Finance Corporation (IFC) for a US$91 million debt facility to fund the expansion of its Molo graphite mine in Madagascar. The expansion aims to increase production capacity from 17,000 tonnes per annum to 150,000 tonnes per annum of SuperFlake® graphite concentrate. A December 2023 feasibility study projected a capital cost of US$161.7 million and a net present value of US$370 million for the expansion project.
June 13, 2024
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