06/14/2024
NextSource Lands World Bank Support for Molo graphite Expansion
Mandate letter executed with International Finance Corp., the private sector investment arm of the World Bank Group, to lead a senior debt facility totalling US$91 million, representing approx. 50% of the capital costs and working capital requirements for the mine expansion to 150,000 tpa.
Battery metals supplier NextSource Materials on Thursday announced the signing of a mandate letter with the International Finance Corporation (IFC) to fund the expansion of the Molo graphite mine, in Madagascar. The company is planning a large-scale expansion of the Molo mine and processing capacity...