VANCOUVER (miningweekly.com) – Effective from April 19, Madagascar-focused graphite project developer Energizer Resources will rebrand to NextSource Materials in an effort to better reflect the company’s evolution from an exploration-stage company into a mine-development company.
Management also believes the new name will better reflect its 100%-ownership of the separate and standalone graphite and vanadium deposits, the Molo and Green Giant projects, respectively, both of which the company considers as strategic ‘energy minerals’ for batteries for the electric vehicle and large-scale energy storage markets.
From April 24, the company’s TSX-listed stock will trade under the ticker symbol ‘NEXT’.
The Toronto-headquartered company said it would be providing an update “shortly” on the completion of the detailed engineering study for the Molo graphite project, which was initiated in January on the basis of the positive results of the front-end engineering and design study, which itself was completed in November last year.