NextSource Materials Inc. announced that it has received conditional approval for its Global Environmental Permit for the Molo Graphite Project from the Madagascar Ministry of Environment’s Office National pour l'Environnement. The Global Environmental Permit will be granted to the company upon receiving its Mining Permit. The Global Environmental Permit was conditionally approved by the ONE based on the following accomplishments by the company: Successful completion of the Environmental & Social Impact Assessment (“ESIA”) and Relocation Action Plan (“RAP”) to International Finance Corporation (IFC) performance standards and World Bank standards; Successful completion of local and regional stakeholder and community engagement, with overwhelming support from both the local community and local government, as well as the regional government; Successful negotiations and signed agreements with all potentially affected land occupants to accept compensation for any affected crops and grazing land, and relocation if needed; Successful completion of the ONE’s technical evaluation process (a 6-month process that commenced June 6, 2018) and consisted of a site visit and four separate community consultations; Approved capital investment certification from the Bureau du Cadastre Minier de Madagascar (the Mining Cadastre Office of Madagascar), or “BCMM”; Receipt of Cahier des Charges Miniér (mining specification) from the BCMM as pre-requisite to submitting the ESIA & RAP to ONE for review; Joint agreement and signature of the Cahier des Charges Environnementales (environmental specification) with the ONE, with their full support for the development of the Molo Graphite Project.