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

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The news comes just days after NextSource submitted an application to build the facility to process graphite in the African island nation.

The plant will have capacity to produce 3,600 tonnes of battery-grade graphite a year, increasing to 14,400 tonnes after 2024, according to filings with the country’s government.

Set within an industrial environment, the site has logistics improvements over the previously leased site, including direct port access and a high-quality concrete structure requiring minimal modifications with sufficient space to expand the plant capacity in the future.

NextSource has pre-ordered process equipment with a production capacity of 3,600 tonnes per annum of spheronized and purified graphite (SPG) 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.

Graphite concentrate from the company’s Molo…

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