NextSource Materials Inc., formerly Energizer Resources, Inc., is an exploration-stage company. It is engaged in the business of acquisition, exploration and development of mineral resources. It is engaged in the advancement of the Molo Graphite Project, consisting of a commercially minable graphite deposit situated in the African country of Madagascar. It also has additional exploration-stage properties situated in Madagascar and in the Province of Quebec, Canada. It is pursuing negotiations in respect of off-take agreements with graphite end users and intermediaries with the intention of securing project financing alternatives, which may include debt, equity and derivative instruments. It also seeks funding for the development of the Molo Deposit into a mine. The Molo deposit is situated 160 kilometers southeast of the city of Toliara. The Green Giant project comprises claims located in south-central Madagascar. As of June 30, 2016, the Company had not generated operating revenues.