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flag NextSource extends its anode material deal with Mitsubishi to 2027 to support its UAE battery facility.

flag NextSource Materials has extended its binding offtake agreement with Mitsubishi Chemical for 9,000 tonnes per year of anode active material to July 31, 2027, maintaining original terms. flag The delay supports NextSource’s progress on its UAE Battery Anode Facility, including financing, construction, and production milestones, backed by a recent C$25 million public offering. flag The company aims to make a Final Investment Decision by March 2026. flag NextSource will supply intermediate AAM to Mitsubishi’s Japan facility for processing into final material used in North American EV battery cells. flag The partnership advances NextSource’s goal of becoming a major vertically integrated graphite supplier outside Asia, leveraging its SuperFlake® graphite project in Madagascar. flag The company is listed on the TSX and OTCQB.

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