NextSource UAE Battery Anode Facility Phase 1

fid approved

NextSource Materials approved the Final Investment Decision (FID) for Phase 1 of its UAE battery anode facility located in Abu Dhabi's Industrial City. The facility will process raw flake graphite into battery-grade anode material, targeting an annual capacity of 14,000 tonnes. The project includes property agreement finalisation, early works contract awards, environmental permitting, long-lead equipment procurement, equipment shipments, and project personnel recruitment. The facility will produce spheronized purified graphite (SPG) and coated SPG (CSPG) using feedstock primarily from the Molo Graphite Mine in Madagascar.