NextSource Materials Inc. closed a brokered private placement under Canada’s listed issuer financing exemption, raising C$24,999,987 by issuing 58,823,500 units at C$0.425 each. Each unit includes one common share and a half-warrant exercisable at C$0.55 starting 61 days after closing and expiring in 36 months. Proceeds are expected to advance the company’s UAE Battery Anode Facility, update the Molo technical report and support general corporate purposes; Vision Blue Resources bought 27,944,464 units to maintain its pro rata ownership.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NextSource Materials Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202602240920ACCESSWRNAPR_____1140438) on February 24, 2026, and is solely responsible for the information contained therein.