representative work

NextSource Announces US$20 Million Credit Facility with Vision Blue

01/30/2025

On January 30, 2025, NextSource Materials Inc. announced that they secured a drawdown credit facility of up to US$20 million with Vision Blue Resources Limited. NextSource will draw down on the credit facility in four equal tranches, with the initial US$5 million tranche anticipated to occur prior to the end of January 2025.

The proceeds of the credit facility will be used to progress NextSource’s Battery Anode Facility strategy, support the continued growth of Molo, and for general working capital purposes.

Cassels acted for NextSource.

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