Current Operations at NextSource Materials Inc. Unaffected by Madagascar's Political Climate
TORONTO, ON / ACCESS Newswire / October 17, 2025 — NextSource Materials Inc. (TSX:NEXT)(OTCQB:NSRCF) has issued an official statement pertaining to the operations at its Molo Graphite Mine located in the southern region of Madagascar. This communication arrives amidst rising political tensions within the country. The company has assured stakeholders that neither the mining and processing activities nor the shipments of its SuperFlake® graphite concentrate are experiencing disruptions due to the current circumstances.
The Molo graphite mine is a significant asset for NextSource, recognized globally for its substantial reserves of high-quality graphite, particularly the unique SuperFlake® variety. As the only known source of this specific type of graphite worldwide, the Molo project stands at the forefront of materials essential for various applications, notably in the rapidly evolving battery industries.
NextSource reports that extraction and processing at the Molo mine are proceeding as planned, with operations adhering to pre-established production and logistical timelines. Shipments of SuperFlake® graphite to international clients are ongoing from the port of Tulear, reflecting a stable supply chain that has remained intact thus far. This continuity not only underscores the robustness of NextSource’s operational strategy but also highlights the company’s commitment to maintaining strong market presence even amidst external geopolitical challenges.
Effective stakeholder engagement plays an essential role in the operational protocols at NextSource. The company has maintained close dialogues with local communities surrounding the Molo site to foster cooperation and ensure ongoing stability. This proactive approach is indicative of NextSource’s dedication to social responsibility, which encompasses the well-being of its employees and the broader community. The firm continues to invest in social development programs that impact the lives of those in the vicinity of its operations, ensuring that economic benefits are not solely confined to corporate profits, but also contribute positively to local livelihoods.
Maintaining vigilance regarding the political situation in Antananarivo, Madagascar’s capital—located approximately 900 kilometers from the Molo mine—is also crucial for the firm’s strategic planning. NextSource has committed to regularly monitoring developments and will disseminate updates as warranted, adhering to best practices in transparency and communication.
About NextSource Materials Inc.
Headquartered in Toronto, Canada, NextSource Materials Inc. is striving to establish itself as a vertically integrated global supplier of critical battery materials. The company’s focus is primarily on the mining and sophisticated processing of graphite and other essential minerals. With the Molo project already in production through its initial operational phase, the company is poised to harness one of the largest and highest-quality graphite sources in the world.
In addition to its mining operations, NextSource is actively developing a downstream graphite value-add business. This initiative involves the systematic rollout of Battery Anode Facilities (BAFs) designed to manufacture coated, spheronized, and purified graphite, tailored for direct integration into battery and automotive applications. Significantly, the company is on course to establish its first BAF in the United Arab Emirates, aligning with global trends emphasizing energy transition and battery technology.
NextSource Materials is listed on the Toronto Stock Exchange under the ticker symbol “NEXT” and operates on the OTCQB under “NSRCF.”
For further inquiries or to gain more insights into the company, interested parties can visit NextSource’s official website at www.nextsourcematerials.com or reach out directly at +1.416.364.4911. Correspondence may be directed to Brent Nykoliation, Executive Vice President, via email at brent@nextsourcematerials.com.
Looking Ahead
As NextSource Materials positions itself within the context of a shifting global market landscape, it navigates challenges with a commitment to operational excellence and social responsibility. The company’s future endeavors, especially its ambitious plans for expanding its graphite production and processing capabilities, will be closely watched by industry stakeholders and investors alike.
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