sur NextSource Materials Inc. (CVE:NEXT)
NextSource Materials Secures $25 Million for UAE Facility Expansion
NextSource Materials Inc., a Toronto-based company, announced the successful closure of a brokered private placement offering, raising C$24,999,987 through 58,823,500 units priced at $0.425 each. The offering saw significant demand, attracting significant investment from Vision Blue Resources Ltd., securing 27,944,464 units.
The raised capital is slated for the advancement of the UAE Battery Anode Facility, updating the Molo technical report, and general corporate purposes. Each unit comprises one common share and a warrant to purchase half a common share, exercisable at C$0.55 within three years.
The offering, led by Stifel Canada and Maxim Group LLC, adheres to Canadian securities laws, and awaits final Toronto Stock Exchange approval. This transaction reinforces NextSource's positioning in the graphite market, with the Molo project in Madagascar being one of the largest and highest-quality resources globally.
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