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TORONTO, ON / ACCESS Newswire / November 27, 2025 / NextSource Supplies Inc. (TSX:NEXT,OTC:NSRCF)(OTCQB:NSRCF) (“NextSource” or the “Firm”) declares that its senior government crew efficiently hosted a complete web site go to on November 25, 2025 to the property and industrial constructing secured for its first commercial-scale Battery Anode Facility (“BAF”) within the Industrial Metropolis of Abu Dhabi (“ICAD”) within the United Arab Emirates (“UAE”).
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Proposed Renovation of the Constructing of the UAE BAF |
Precise Constructing Secured for the UAE BAF |
The positioning go to introduced collectively a choose delegation of world and regional traders, sovereign-linked stakeholders, and world monetary establishments at present evaluating participation within the Firm’s strategic funding course of. Attendees met with senior administration, toured the secured industrial constructing, reviewed the proposed phased growth plan, and mentioned timelines for set up, commissioning, and preliminary manufacturing of lively anode materials for lithium-ion batteries utilized in electrical automobiles.
Hanré Rossouw, President and CEO, commented:
“We have been delighted to welcome potential funding companions to our Abu Dhabi property to witness the size and readiness of our secured facility. The engagement and curiosity we proceed to obtain from each native and world traders underscores the strategic significance of creating a serious anode facility within the UAE. The secured constructing in ICAD offers a high-quality, installation-ready platform for accelerated deployment of our anode manufacturing tools strategically situated near deep-water ports that service worldwide delivery routes”.
The UAE BAF is a central pillar of NextSource’s vertical integration technique and would place NextSource to turn out to be the biggest anode producer exterior of Asia and is a part of its world growth technique to assemble BAFs in key geographic areas, every with modular manufacturing capacities, that may be expanded in lockstep with automotive producer (“OEM”) demand. The ICAD location offers the best platform to execute the Firm’s downstream technique at velocity and scale. The mix of an expedited allowing atmosphere, world-class infrastructure, and proximity to home raw-material sources and buyer finish markets offers a aggressive benefit over different jurisdictions.
The UAE BAF is being developed primarily to fulfil NextSource’s binding multi-year offtake settlement with Mitsubishi Chemical Company (“MCC”), Japan’s largest chemical firm and a number one world provider of anode lively materials (“AAM”) to automotive OEMs.
Beneath the settlement introduced on August 5, 2025, NextSource is the only provider of roughly 9,000 tpa of intermediate AAM produced from its Molo graphite focus. This materials can be shipped to MCC’s plant in Japan, the place MCC will full closing processing and coating earlier than delivering completed AAM to a serious OEM’s electric-vehicle battery cell manufacturing services in North America.
The 30,000 tpa UAE facility, as validated by an October 1, 2025 technical and financial research, offers speedy capability for the MCC volumes from start-up and important headroom for added offtake agreements at present below negotiation.
The Firm continues to advance front-end engineering and design with its associate agency Stantec, a worldwide engineering service supplier who labored along with NextSource’s know-how companions to develop a UAE-compliant plant design, utilizing confirmed course of know-how that can cut back qualification instances as soon as the UAE BAF turns into operational. The Firm has additionally begun procurement of lengthy lead merchandise tools and discussions on final-stage financing with a number of events from the site-visit delegation.
Cargo of BAF processing tools has commenced, and after acquiring the required funding and working permits, the Firm will procure the remaining plant tools, after which the Undertaking will transfer into the set up part and eventually into commissioning, which is focused in the direction of the top of 2026.Preliminary manufacturing is focused for This fall 2026 and full ramp-up thereafter.
About NextSource Supplies Inc.
NextSource Supplies Inc. is a battery supplies firm primarily based in Toronto, Canada that’s intent on changing into a vertically built-in world provider of battery supplies by way of the mining and value-added processing of graphite and different minerals.
The Firm’s Molo graphite challenge in Madagascar is among the largest recognized and highest-quality graphite sources globally, and the one one with SuperFlake® graphite. The Molo mine has begun manufacturing by way of Section 1 mine operations.
The Firm can be creating a major downstream graphite value-add enterprise by way of the staged rollout of Battery Anode Services (BAF) able to large-scale manufacturing of coated, spheronized and purified graphite for direct supply to battery and automotive prospects, in a completely clear and traceable method. The Firm is now within the strategy of creating its first BAF within the UAE.
NextSource Supplies is listed on the Toronto Inventory Change below the image “NEXT” and on the OTCQB below the image “NSRCF”.
For additional details about NextSource Supplies, please go to our web site at www.nextsourcematerials.com or contact us at +1.416.364.4911 or electronic mail Brent Nykoliation, Govt Vice President at brent@nextsourcematerials.com.
Protected Harbour: This press launch accommodates statements that will represent “forward-looking data” or “forward-looking statements” inside the which means of relevant Canadian and United States securities laws. Readers are cautioned to not place undue reliance on forward-looking data or statements. Ahead wanting statements and data are steadily characterised by phrases comparable to “plan”, “count on”, “challenge”, “intend”, “imagine”, “anticipate”, “estimate”, “potential”, “doable” and different related phrases, or statements that sure occasions or circumstances “might”, “will”, “might”, “anticipated” or “ought to” happen. Ahead-looking statements embrace any statements relating to, amongst others, timing of development and completion of the BAF and proposed timing of future areas of extra BAFs, timing and completion of front-end engineering and design and ESIA allowing, the financial outcomes of the BAF Technical Research together with capital prices estimates, working prices estimates, payback, NPV, IRR, manufacturing, gross sales pricing and dealing capital estimates, the development and potential growth of the BAFs, growth plans, in addition to the Firm’s intent on changing into a completely built-in world provider of crucial battery and know-how supplies. These statements are primarily based on present expectations, estimates and assumptions that contain quite a lot of dangers, which might trigger precise outcomes to range and, in some cases, to vary materially from these anticipated by the Firm and described within the forward-looking statements contained on this press launch. No assurance might be on condition that any of the occasions anticipated by the forward-looking statements will transpire or happen or, if any of them accomplish that, what advantages the Firm will derive there from. The forward-looking statements contained on this information launch are made as on the date of this information launch and the Firm doesn’t undertake any obligation to replace publicly or to revise any of the forward-looking statements, whether or not due to new data, future occasions or in any other case, besides as could also be required by relevant securities legal guidelines. Though the forward-looking statements contained on this information launch are primarily based on what administration believes are cheap assumptions, the Firm can not guarantee traders that precise outcomes can be in keeping with them. These forward-looking statements are made as of the date of this information launch and are expressly certified of their entirety by this cautionary assertion. Topic to relevant securities legal guidelines, the Firm doesn’t assume any obligation to replace or revise the forward-looking statements contained herein to mirror occasions or circumstances occurring after the date of this information launch.
SOURCE: NextSource Supplies Inc.
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