NextSource Materials, a company listed on the Toronto Stock Exchange, has announced its first commercial shipments of graphite concentrate from the Molo graphite mine in southern Madagascar, with consignments now en route to Germany and the United States. The shipments include coarse flake graphite concentrate, transported from the port of Tulear under pre-existing offtake agreements. This graphite, branded as SuperFlake®, is intended for high-demand markets that utilize premium graphite products in applications like refractory materials, electronic components, and fire-resistant materials.
“This milestone establishes us as a reliable supplier of essential materials on a global scale while also supporting economic growth in Madagascar,” NextSource, headquartered in Canada, noted. The company aims to position itself as a comprehensive provider in the battery materials industry, focusing on mining and enhancing the value of graphite and other critical minerals.
At present, Molo mine operations are advancing through Phase 1, scaling up towards an annual output goal of 17,000 tonnes of graphite concentrate. NextSource, backed by Vision Blue Resources—where prominent investor Sir Mick Davis serves as chairman—is also implementing a downstream strategy to produce high-grade graphite products, especially battery anodes, through a phased approach. This strategy will enable them to deliver coated, spheronized, and purified graphite directly to battery and automotive manufacturers outside the traditional Asian supply chains, ensuring a fully transparent and traceable supply process.


Long-term offtake agreements with key industrial partners are already in place, covering more than the entire anticipated output for Phase 1, including both SuperFlake® graphite concentrate and the company’s specialized coated spherical purified graphite (CSPG), which will be produced at an upcoming facility in Mauritius.
The Molo mine’s Phase 1 operations are powered by a solar-hybrid energy plant, expected to cut carbon emissions by over 11,300 tonnes per year. The site benefits from excellent logistics, with access to an all-weather airstrip and regional roads connecting to the ports of Toliara and Ehoala at Fort Dauphin, supporting efficient export operations.
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