NextSource Materials signs deal for US$30 million Hanwa-JOGMEC stake in UAE battery anode facility
Bitget2026/09/28 11:04- NextSource Materials signed a binding share subscription agreement with Hanwa, JOGMEC for its Abu Dhabi battery anode facility.
- Hanwa, JOGMEC to invest USD 30 million via a jointly owned vehicle for a 15% stake; NextSource to retain 85%.
- Capital to fund phase-one capex; related shareholders’ agreement expected shortly to set governance, funding, construction, operations.
- Company pursuing additional strategic investors for up to 35% of the project company; also in talks for debt financing.
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