NextSource Materials Inc., headquartered in Toronto, Canada, specializes in the acquisition, exploration, and development of mineral properties across Madagascar and Canada. The company primarily focuses on identifying and developing graphite and vanadium deposits. Its key asset is the Molo graphite mine, located in the Southern Madagascar Region, which includes 2,119 permits covering an area of 827.7 square kilometers. Founded in 2004, the company was previously known as Energizer Resources Inc. until its name change to NextSource Materials Inc. in April 2017.