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TORONTO, ON / ACCESSWIRE / April 22, 2021 /
NextSource Materials Inc. (TSX:NEXT) (OTCQB:NSRCF) ( NextSource or the Company ) is pleased to announce a Special Meeting of Shareholders will be held virtually on May 17, 2021 to seek approval of the second and remaining tranche of the previously announced financing with Vision Blue Resources Limited ( Vision Blue ), a newly created battery commodity/resource-focused private investment company founded by Sir Mick Davis, in order to complete the full investment of US$29.5 million committed by Vision Blue for investment into NextSource.
The Board of Directors unanimously recommends that shareholders vote
FOR the ordinary resolution (the Transaction Resolution ) approving the second tranche of the previously announced financing, that will enable NextSource to be fully funded and commission the Molo mine in April 2022.
NextSource Materials Announces Special Shareholder Meeting and Outlines Strategic Rationale for Supporting Completion of Vision Blue Resources Investment tennesseedaily.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tennesseedaily.com Daily Mail and Mail on Sunday newspapers.
Mick Davis launches $300M battery metals SPAC March 17, 2021
Former Xstrata boss Mick Davis’
newly founded battery metals investment firmVision Blue Resources (VBR) is stepping up efforts to reach the goal of becoming a battery metals giant by
ESM Acquisition Corp. (NYSE: ESM), co-sponsored by VBR and private equity mining investor The Energy and Minerals Group, floated in the U.S. last week. Its mandate is to hunt for and invest in mining projects focused on producing minerals needed for electric vehicles (EVs) and other green energy technologies.
Davis’s plan is to use his Vision Blue business to invest in small mining projects, while ESM will seek bigger investment opportunities.