NextSource Materials Inc. (NEXT) Financings
TSX: NEXT · Graphite · Production stage
- Market cap$58.7M
- Share price$0.240
- 52-week range$0.235 – $0.600
- Shares outstanding244,473,230
- ExchangeTSX
- Websitewww.nextsourcematerials.com
NextSource Materials Inc. is a battery materials company based in Toronto, Canada that is intent on becoming a vertically integrated global supplier of battery materials through the mining and value-added processing of graphite and other minerals. The Company's Molo graphite project in Madagascar is one of the largest known and highest-quality graphite resources globally, and the only one with SuperFlake® graphite. The Molo mine has begun production through Phase 1 mine operations. The Company is also developing a significant downstream graphite value-add business through the staged rollout of Battery Anode Facilities (BAF) capable of large-scale production of coated, spheronized and purified graphite for direct delivery to battery and automotive customers, in a fully transparent and traceable manner.
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NextSource Materials Inc. financial statements
Key figures read from 41 of 41 financial statement filings, Nov 14, 2016 to Sep 28, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
US dollars (US$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | |
|---|---|---|---|---|---|
| Cash and equivalents | US$11,631,782 | US$3,281,768 | US$10,770,381 | US$6,885,458 | US$9,793,253 |
| Total current assets | US$20,127,094 | US$10,641,133 | US$13,535,095 | US$8,022,428 | US$10,464,305 |
| Total current liabilities | US$45,265,875 | US$23,755,676 | US$10,433,208 | US$7,902,378 | US$24,332,931 |
| Working capital | (US$25,138,781) | (US$13,114,543) | US$3,101,887 | US$120,050 | (US$13,868,626) |
| Property, plant and equipment | US$72,159,643 | US$72,664,783 | US$69,820,625 | US$44,236,829 | US$18,652,394 |
| Total assets | US$92,286,737 | US$84,195,100 | US$92,848,702 | US$52,976,660 | US$29,297,860 |
| Debt | US$33,673,059 | US$15,437,022 | — | — | — |
| Total liabilities | US$67,285,071 | US$43,208,411 | US$40,545,698 | US$27,774,725 | US$32,362,220 |
| Shareholders' equity | US$25,001,666 | US$40,986,689 | US$52,303,004 | US$25,201,935 | (US$3,064,360) |
Income statement: annual key figures
US dollars (US$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Jun 2026 | FY Jun 2025 | FY Jun 2024 | FY Jun 2023 | FY Jun 2022 | |
|---|---|---|---|---|---|
| Revenue | US$776,653 | US$714,837 | — | US$0 | US$0 |
| Cost of sales | US$3,013,897 | US$3,085,801 | — | — | — |
| Exploration and evaluation expense | US$88,086 | US$31,379 | US$75,941 | US$43,385 | US$177,955 |
| General and administrative | US$6,282,660 | US$8,896,761 | US$6,766,917 | US$3,482,527 | US$1,929,292 |
| Share-based compensation | US$832,616 | (US$108,911) | US$334,411 | US$514,048 | US$385,930 |
| Impairments and write-downs | US$10,730,657 | US$398,959 | US$1,599,832 | US$3,953,376 | — |
| Net income (loss) | (US$37,031,616) | (US$23,256,293) | (US$9,000,028) | (US$11,678,687) | US$16,120,203 |
Cash flow statement: annual key figures
US dollars (US$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Jun 2026 | FY Jun 2025 | FY Jun 2024 | FY Jun 2023 | FY Jun 2022 | |
|---|---|---|---|---|---|
| Operating cash flow | (US$19,215,838) | (US$21,246,509) | (US$8,890,738) | (US$7,047,718) | (US$1,633,949) |
| Investing cash flow | (US$1,889,803) | (US$9,651,686) | (US$20,931,453) | (US$14,050,234) | (US$13,140,450) |
| Financing cash flow | US$29,194,880 | US$23,344,144 | US$33,701,773 | US$18,460,898 | US$2,054,413 |
| Property, plant and equipment spending | (US$465,433) | (US$9,651,686) | (US$12,156,813) | (US$13,512,124) | (US$12,961,819) |
| Proceeds from share issues | US$15,495,529 | US$11,330,309 | US$37,750,585 | — | US$0 |
| Change in cash | US$8,350,014 | (US$7,488,613) | US$3,884,923 | (US$2,907,795) | (US$12,643,833) |
| Cash at end of period | US$11,631,782 | US$3,281,768 | US$10,770,381 | US$6,885,458 | US$9,793,253 |
NextSource Materials Inc. financings
7 financings announced or closed by NextSource Materials Inc., read by Mining News Terminal, newest first.
NextSource Materials Inc. debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments NextSource Materials Inc. has announced, read by Mining News Terminal. A debt reported in several releases is listed once, at its latest stage.
| Date | Debt | Lender | Amount | Terms |
|---|---|---|---|---|
| 2025-10-29 | Credit facility, amended | Vision Blue Resources Limited | US$30M | 15% |
| 2024-06-13 | Credit facility, proposed | International | US$91M | — |