NextSource Materials Inc. announced that it has executed an offtake agreement with thyssenkrupp Materials Trading GmbH for a long-term commercial agreement for the sale of NextSource's SuperFlake® graphite products. Long-term binding commercial agreement between the parties for the sale of a minimum of 35,000 tonnes per annum (tpa) of SuperFlake® graphite concentrate from the company's Molo mine in Madagascar. The term of the agreement is 10 years with an automatic 5-year extension. Product will be for the refractory and expandable graphite (graphite foil) markets for sale in, but not limited to, Europe, the United Kingdom, North America, Mexico, China and South Korea. As Phase 1 initial production of the Molo mine in Madagascar will be approximately 17,000, the requested offtake sales volumes by thyssenkrupp will be phased: Minimum of 7,300 tonnes per annum during Phase 1 initial production, with commissioning targeted in April 2022. Additionally up to 35,000 tpa to be available in Phase 2, with targeted production by second quarter of 2024; The initial tonnage volume will be used by thyssenkrupp to verify run-of-mill production of SuperFlake®, which will then trigger the much larger volume expansion of 35,000 tonnes requested.