NextSource Materials NEXT Molo

Just a brief but extremely important update from NextSource Materials (NEXT.TO), as the company has now finally received the mining permit for its Molo graphite project in Madagascar. The mining license will be valid for 40 years and does not limit the quantity of graphite that will be produced, so NextSource could scale up its production levels at its own discretion.

This was an important part of the puzzle, and NextSource will now work towards closing the funding package for the Molo mine, in anticipation of starting the mining activities in early 2020 to supply the world with high-quality flake graphite.

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The author has a long position in NextSource Materials. NextSource is a sponsor of the website. Please read the disclaimer

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