Core Viewpoint - NextSource Materials Inc. is initiating a private placement offering to raise approximately C$25 million to support the development of its battery anode facility in the UAE, update its Molo technical report, and for general corporate purposes [1] Group 1: Offering Details - The company has engaged Stifel Canada as the lead agent and sole bookrunner, with Maxim Group as co-agent, for a "best-efforts" offering of about 58.8 million units priced at C$0.425 per unit [2] - Each unit will consist of one common share and one-half of one common share purchase warrant, with each whole warrant exercisable at C$0.55 per share starting 61 days after closing and expiring three years after the closing date [2] Group 2: Regulatory and Participation Aspects - The offering is being conducted under the listed issuer financing exemption pursuant to National Instrument 45-106, allowing sales to investors in Canadian provinces other than Québec and in certain jurisdictions outside Canada [3] - Vision Blue Resources Limited has a contractual right to participate in equity financings to maintain its ownership interest and will be notified of the offering, with expectations that Vision Blue may participate to maintain its pro-rata ownership [4] Group 3: Loan Facility Update - NextSource disclosed an amended and restated loan facility with Vision Blue, increasing the maximum capacity from US$30 million to US$50 million, with drawdowns at Vision Blue's discretion [5] - The company anticipates entering into a consent agreement at closing, under which Vision Blue would commit to advancing US$5 million under the facility, subject to certain conditions, and extend the maturity date to 12 months after closing [5] - The offering is expected to close on or about February 24 [5]