TORONTO, ON / ACCESSWIRE / April 22, 2021 / NextSource Materials Inc.
Vision Blue is a newly created battery commodity/resource-focused investment company led by Sir Mick Davis that will target companies in established mining jurisdictions with advanced and best-in-class battery material assets that are scalable and can be rapidly brought into production.
“Battery materials are now at the top of government agendas.
Most notably, Sir Mick Davis was the former CEO and founder of Xstrata Plc , the former CFO of Billiton Plc and Chairman of Billiton Coal, and the founder and a former partner at X2 Resources, a $5.6 billion mining investment fund.
In connection with the Vision Blue Financing Package, Sir Mick Davis was named a director and Chairman of the Company on March 15, 2021 upon closing of the initial private placement.
This shift is expected to significantly increase global demand for graphite and for other energy minerals that are used in batteries and for energy storage and renewable energy production.
NextSource Materials Inc.
The Company will enter production in phases and utilizing an all-modular build approach to construct the Molo graphite mine.
Please see “Molo Feasibility Study, National Instrument 43-101 Technical Report on the Molo Graphite Project located near the village of Fotadrevo in the Province of Toliara, Madagascar Prepared by Erudite Strategies Ltd” dated May 31, 2019 for certain other details and assumptions relating to the parameters of the project, mineral resource and reserve estimates and data verification procedures.
These statements are based on current expectations, estimates and assumptions that involve a number of risks, which could cause actual results to vary and, in some instances, to differ materially from those anticipated by the Company and described in the forward-looking statements contained in this press release, including but not limited to the risks that the Molo Graphite Mine is not built on the expected time and cost estimates, that the mineral reserve and resource estimates for the Molo Graphite Mine are incorrect, that expected recoveries and costs to produce SPG are incorrect, and that permits and licences to operate the Molo Graphite Mine may not be renewed or may be revoked, and other risks discussed in the Company’s public disclosure documents.