Name of the Project
Battery anode facility (BAF).

Location
Abu Dhabi, United Arab Emirates.

Project Owner/s
Battery metals developer NextSource Materials.

Project Description
NextSource announced positive results of a technical and economic study on the construction of a proposed 30 000 t/y BAF in September 2025.

The proposed operation will have a production capacity, comprising 10 000 t/y of purified flake graphite (PFG), 16 000 t/y of spherical purified graphite (SPG) and 4 000 t/y of coated SPG.

This accommodates the expected growth of Mitsubishi Chemical’s existing offtake agreement volume requirements beyond the initial 9 000 t/y and the expectation that the company will secure additional volume capacities with other original-equipment manufacturers’ offtakes.

The facility will be developed in two phases, with the initial phase targeting production capacity of 14 000 t/y of active anode material comprising  10 000 t/y of PFG and 4 000 t/y of SPG.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The proposed project has an after-tax net present value, at an 8% discount rate, of $441.8-million and an internal rate of return of 24.2%.

Capital Expenditure
$290.9-million.

Planned Start/End Date
Initial production is planned for the fourth quarter of 2026, with full production expected in early 2028.

Latest Developments
None stated.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
NextSource Materials, tel +1 416 364 4911 or email investors@nextsourcematerials.com.