NextSource Materials stock jumps on lease agreement to build graphite plant in Mauritius

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NextSource Materials stock jumps on lease agreement to build graphite plant in Mauritius
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Image courtesy of NextSource Materials.NextSource Materials said on Wednesday it has signed a long-term lease agreement for a site in the Freeport Zone of Port-Louis for the location of its first battery anode facility plant in Mauritius, and has integrated engineering improvements into the plant design and initiated the environmental permitting process.to build the facility to process graphite in the African island nation.

NextSource has pre-ordered process equipment with a production capacity of 3,600 tonnes per annum of spheronized and purified graphite and coated SPG. The process equipment is currently being fabricated and assembled offshore and will be shipped to Mauritius once the EIA process is completed.

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