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
The first phase delivering 14 000 t/y is expected in 2026 before full capacity is targeted for early 2028.

Latest Developments
NextSource Materials has received the first shipment of equipment. 

The equipment delivery marks a significant milestone in advancing the company’s downstream value‑add strategy.

The initial equipment, which comprises long-lead items for anode processing, will be installed in the pre‑existing industrial building the company secured, in Abu Dhabi.

This ready‑to‑use facility provides a substantial schedule advantage by minimising the need for extensive construction.

NextSource will now focus on front-end engineering to finalise plant design, capital requirements and execution planning. These technical inputs will form the key inputs of the final investment decision (FID).

Following a successful FID, the company will proceed with full equipment procurement, installation, commissioning and ramp‑up in accordance with its phased development plan.

Phase 1 production is ramping up at NextSource’s Molo mine, in Madagascar, which is producing high-quality graphite called SuperFlake.

Key Contracts, Suppliers and Consultants
None stated.

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