/ NOT FOR CIRCULATION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
TORONTO, Feb. 9, 2026/ CNW/ – NextSource Products Inc. (“ NextSource” or the “ Business“) (TSX: NEXT) is happy to reveal that it has actually engaged Stifel Canada as lead representative and sole bookrunner and Maxim Group LLC as co-agent, in connection with a “best-efforts” personal positioning of 58,823,500 systems of the Business (the “ Systems“) at a cost of $ 0.425 per System (the “ Providing Rate“) for aggregate gross profits of C$ 24,999,987.50 (the “ Providing“).
Each System will include one typical share of the Business (a “ Typical Share“) and half ( 1/2) of one Typical Share purchase warrant of the Business (each whole warrant, a “ Warrant“). Each Warrant will be exercisable to get one Typical Share at a workout cost of C$ 0.55 per Typical Share for a duration starting 61 days following the Closing Date (as specified listed below) and ending 3 years following the Closing Date.
The net profits from the Offering are anticipated to be utilized to advance the UAE Battery Anode Center, upgrade the Molo technical report and for basic business functions as divulged in the offering file.
Topic to compliance with relevant regulative requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions (“ NI 45-106“), the Systems will be sold to buyers resident in each of the provinces of Canada, other than Québec, and/or other jurisdictions beyond Canada pursuant to the noted provider funding exemption under Part 5A of NI 45-106, as changed by Coordinated Blanket Order 45-935– Exemptions from Particular Conditions of the Noted Company Funding Exemption ( the “ Noted Company Funding Exemption“). As the Offering is being finished pursuant to the Noted Company Funding Exemption, the Systems released pursuant to the Offering will not go through a hold duration pursuant to relevant Canadian securities laws. There is an offering file associated to the Offering that can be accessed under the Business’s provider profile on SEDAR+ at www.sedarplus.ca and on the Business’s site at www.nextsourcematerials.com. Potential financiers ought to check out the offering file before making a financial investment choice.
The Offering is arranged to close on or about February 24, 2026 (the “ Closing Date“) and undergoes particular conditions consisting of, however not restricted to, the invoice of all essential regulative and other approvals consisting of the approval of the Toronto Stock Market.
Related Celebration Deal
Vision Blue holds 47.5% of the Business’s released and exceptional shares (47.5% on a partly watered down basis). Appropriately, the Amended Center makes up a “associated celebration deal” as specified under Multilateral Instrument 61-101 – Defense of Minority Security Holders in Unique Deals (“ MI 61-101“).
About NextSource Products Inc.
NextSource Products Inc. is a battery products business based in Toronto, Canada that is intent on ending up being a vertically incorporated worldwide provider of battery products through the mining and value-added processing of graphite and other minerals.
The Business’s Molo graphite task in Madagascar is among the biggest recognized and first-rate graphite resources worldwide, and the just one with SuperFlake ® graphite. The Molo mine has actually started production through Stage 1 mine operations.
The Business is likewise establishing a substantial downstream graphite value-add organization through the staged rollout of Battery Anode Facilities (BAF) efficient in massive production of covered, spheronized and cleansed graphite for direct shipment to battery and automobile clients, in a totally transparent and traceable way. The Business is now in the procedure of establishing its very first BAF in the UAE.
NextSource Products is noted on the Toronto Stock Market under the sign “NEXT” and on the OTCQB under the sign “NSRCF”.
Cautionary Note Relating To Forward-Looking Statements
SOURCE NextSource Products Inc.