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14 Jun

NextSource signs $91m mandate for Madagascar graphite project

NextSource Materials has signed a mandate letter with the International Finance Corporation (IFC), the private sector investment arm of the World Bank Group, to lead a $91 million senior debt facility. The debt facility is expected to fund around half the capital costs and working capital requirements for the expansion of NextSource’s Molo graphite mine in Madagascar. IFC will lead the coordination of the overall debt syndicate with other commercial banks an…
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