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NextSource Materials

A battery materials company developing graphite mining and processing operations.

Last updated September 1, 2026

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Overview

NextSource Materials Inc. is a battery materials company based in Toronto, Canada, focused on becoming a vertically integrated global supplier of battery materials through mining and value-added processing of graphite and other minerals. The company operates the Molo graphite mine in Madagascar, which is in production and ramping up Phase 1 operations. It is also developing Battery Anode Facilities (BAF) for producing coated, spheronized, and purified graphite, with the first BAF under development in the UAE.

History

NextSource Materials Inc. is a battery materials company based in Toronto, Canada. The company's Molo graphite mine in Madagascar is in production and ramping up Phase 1 mine operations. The company is developing Battery Anode Facilities (BAF) for large-scale production of coated, spheronized and purified graphite, with the first BAF under development in the UAE.

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