Brief: NextSource Materials Signs Offtake Agreement With Graphite Supplier

NextSource Materials

16/10/2018 12:36

Oct 16 (Reuters) - NextSource Materials Inc  NEXT.TO :
    * NEXTSOURCE MATERIALS SIGNS OFFTAKE AGREEMENT WITH PRIMARY
GRAPHITE SUPPLIER TO MAJOR JAPANESE ELECTRIC VEHICLE ANODE
PRODUCER
    * NEXTSOURCE MATERIALS INC -  TEN YEAR BINDING OFFTAKE
AGREEMENT
SIGNED TO PURCHASE 20,000 TONNES PER ANNUM OF MOLO SUPERFLAKE
GRAPHITE
    * NEXTSOURCE MATERIALS INC - OFFTAKE AGREEMENT REPRESENTS
MORE
THAN INITIAL PHASE 1 MINE PRODUCTION PLAN OF 17,000 TONNES PER
YEAR
    * NEXTSOURCE MATERIALS INC - NEXTSOURCE WILL BEGIN INTERNAL
DISCUSSIONS REGARDING MOVING STRAIGHT TO PHASE 2 EXPANSION
TONNAGES
    * NEXTSOURCE MATERIALS INC -  JAPANESE PARTNER WILL HAVE
EXCLUSIVE
RIGHT TO IMPORT AND SELL SUPERFLAKE GRAPHITE CONCENTRATE IN
JAPAN
    * NEXTSOURCE MATERIALS INC -CO AND JAPANESE PARTNER HAVE
AGREED TO
IMMEDIATELY COMMENCE DISCUSSIONS REGARDING ADDITIONAL SUPPLY
CHAIN COOPERATION
    * NEXTSOURCE MATERIALS -  INITIATED DISCUSSIONS REGARDING
POTENTIAL PARTNERSHIP FOR PRODUCTION OF VALUE-ADD, DOWNSTREAM
PRODUCTS

Source text for Eikon:  ID:nGNX394VyM 
Further company coverage:  NEXT.TO 

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