NextSource Materials (TSX:NEXT) Receives First Equipment Shipment for Battery Anode Facility in Abu Dhabi

TORONTO, ON — January 7, 2026 — Leads & Copy — NextSource Materials Inc. (TSX:NEXT) has announced that the first equipment shipment for its proposed Battery Anode Facility (BAF) has arrived in Abu Dhabi, UAE.

The shipment includes long-lead items for anode processing that the company previously procured. According to the company, the procurement and delivery of key processing equipment demonstrates NextSource’s ability to deliver and ensures that key equipment is secured ahead of installation and commissioning.

The equipment will be installed in a pre-existing industrial building within the Industrial City of Abu Dhabi (ICAD). NextSource says that the availability of this facility will minimize the need for extensive construction and allow the company to focus on process installation and operational readiness.

NextSource also reported progress in the Front-End Engineering and Design (FEED) phase. The FEED work has progressed to schematic design, providing definition on plant design, capital requirements, and execution planning. This will form a key input into the Final Investment Decision (FID). Following a successful FID, the company will proceed with equipment procurement, installation, commissioning, and ramp-up.

Hanré Rossouw, President and CEO of NextSource, said that the arrival of the equipment in Abu Dhabi demonstrates progress on the Battery Anode Facility. He added that securing the items proves logistical supply chains into the UAE, and that securing the ICAD building strengthens the foundations for an efficient development phase.

NextSource Materials Inc. is a battery materials company based in Toronto, Canada, aiming to become a vertically integrated global supplier of battery materials through the mining and value-added processing of graphite and other minerals. The company’s Molo graphite project in Madagascar is one of the largest graphite resources globally, and the only one with SuperFlake® graphite. The Molo mine has begun production through Phase 1 mine operations.

The company is developing a downstream graphite value-add business through the staged rollout of Battery Anode Facilities (BAF) capable of large-scale production of coated, spheronized, and purified graphite for direct delivery to battery and automotive customers. The company is developing its first BAF in the UAE.

Brent Nykoliation, Executive Vice President, can be reached at brent@nextsourcematerials.com or +1.416.364.4911.

Source: NextSource Materials Inc.

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