Advertisement Bryan Cave Leighton Paisner (BCLP) has advised Vision Blue Resources Ltd (VBR), a newly created battery commodity/resource-focused investment company founded by Sir Mick Davis (former CEO of Xstrata Plc), on both its US$29.5 million investment in NextSource Materials and its, up to, US$12.6 million investment in Ferro-Alloy Resources Ltd (FAR). NextSource Materials is a mine development company based in Toronto, Canada. The US$29.5 million Financing Package will fully fund the construction of the company’s Molo graphite mine in Madagascar and will be completed in two tranches. The first tranche comprises an initial non-brokered, private placement equity investment of US$6.1 million (CAN$7.8 million) which has completed, while the second tranche of the financing package will be completed through an additional private placement for additional gross proceeds of US$12.4 million. The parties have also entered into a secured royalty agreement, pursuant to which VBR will advance, subject to the satisfaction of certain conditions, a total of US$11 million in exchange for a royalty in respect of sales of SuperFlake® graphite concentrate from the Molo Graphite Project. Additionally, Sir Mick Davis has been appointed Chairman of NextSource Materials.