Energizer Resources Inc. Officially Begins Trading as NextSource Materials Inc. With New Ticker Symbols
Energizer Resources Inc. Officially Begins Trading as
NextSource Materials Inc. With New Ticker Symbols
NEWS RELEASE – April 24, 2017
NextSource Materials Inc . (“NextSource” or the “ Company”), formerly known as Energizer
Resources Inc., announces that effective today, April 24, 2017, its shares will commence trading
under NextSource Materials Inc. and corresponding new ticker symbol s on both the Toronto
Stock Exchange (TSX) and on the U.S. OTC Market Group (OTCQB) upon the opening of the
markets.
The change to NextSource Materials signifies an important shift in the evolution of the Company
from an exploration-stage company into a mine-development company and exemplifies its
ambitious goal of providing the next source of strategic battery materials that will change the
world.
New Trading Symbol on TSX: NEXT
NextSource Materials’ common shares, which are currently trading on the TSX under the symbol
“EGZ”, will commence trading under the new ticker symbol “ NEXT” upon the opening of the
markets.
New Trading Symbol on OTCQB
NextSource Materials’ common shares , which are currently trading on the OTCQB under the
symbol “ENZR”, will commence trading on the OTCQB under the new ticker symbol “NSRC” upon
the opening of the markets.
The CUSIP number assigned to the Company’s shares is now 65342W109 (ISIN:
US65342W1099).
New Corporate Website: nextsourcematerials.com
As part of the rebrand, the Company’s newly designed corporate website will also officially launch
upon market opening. The new domain name will be www.nextsourcematerials.com.
Fast-tracking the Molo Mine with a Two-Phased Approach
As detailed in the Company’s April 20, 2017 news release, NextSource announced that it had
revised Phase 1 of its mine development plan for its 100% -owned Molo Graphite Project in
Madagascar to include significant production and that the completion of an updated Feasibility
Study (FS) to reflect this development is imminent.
Phase 1 of the Molo mine plan will now consist of the construction of a fully operational and
sustainable graphite mine with a permanent processing plant capable of producing approximately
15,000 tonnes per annum (“tpa”) of high-quality flake concentrate per year with a mine life of over
20 years. This significant increase from the original Phase 1 mine plan that was detailed in the
Company’s November 7, 2016 news release that envisioned the construction of a demonstration
processing plant to produce flake graphite concentrate on a test basis. The Company’s recently
completed Detailed Engineering Study with respect to the revised Phase 1 mine pl an
demonstrates the viability of a modular build out and supports the anticipated initial production of
15,000 tpa. The assumptions, parameters and methods in establishing the above estimates are
currently being finalized and will be disclosed in the updated and soon to be released Molo
Graphite Project Feasibility Study.
The Company expects that Phase 1 could be completed in approximately 6 months , subject to
funding. Once funding is secured, the Company will initiate Phase 1 of the build-out, which will
include equipment procurement, off -site modular fabrication and assembly, factory acceptance
testing (FAT), module disassembly, shipping, plant infrastructure construction, onsite module re -
assembly and commissioning.
Phase 2 of the Molo mine plan will consist of the expansion to a fully operational mine capable of
producing 53,000 tpa of finished flake graphite concentrate. This expansion will be predicated on
market demand for Molo flake graphite during Phase 1 production and will consist of additional
mine build-out infrastructure, including construction of a tailings dam facility.
The Company is currently preparing for the release of the revised FS and commencement of
procurement for the resulting mine infrastructure. Robin Borley, the Company’s Senior Vice-
President of Operations, and Mr. Johann de Bruin, the former Managing Director of DRA Africa
who joined Energizer as a consultant in March, will oversee all aspects regarding the operational
readiness of the Company’s newly revised Phase 1 Molo mine plan.
Qualified Persons
Mr. Craig Scherba, P.Geo., President and CEO, is the qua lified person who reviewed and
approved the technical information detailed in the Company’s April 20, 2017 news release.
About NextSource Materials Inc.
NextSource Materials Inc. is a mine development company based in Toronto, Canada, tha t is
developing its 100% -owned Molo Graphite Project in southern Madagascar. The Molo Graphite
Project is a Full Feasibility -stage project and ranks as one of the largest -known and highest
quality flake graphite deposits in the world.
For further information contact: +1.416.364.4911
Brent Nykoliation, Senior Vice President, Corporate Development at
[email protected] or Craig Scherba, President and CEO at craig@
nextsourcematerials.com
Safe Harbour: This press release contains statements that may constitute “forward-looking statements” within the
meaning of applicable Canadian and United States securities legislation. Readers are cautioned not to place undue
reliance on such forward-looking statements. Forward-looking statements are related to the timing of the completion of the
updated and revised Feasibility Study, the results of the revised Feasibility Study, funding of the development of the Molo
Project, implementation and commencement of the build-out of the Molo Project, commencement of production at the
Molo Project, commencement of procurement for mine infrastructure, the procurement of equipment to construct a mine,
value engineering, continued product test results and product analysis, and the permit application. These are based on
current expectations, estimates and assumptions that involve a number of risks, which could cause actual results to vary
and in some instances to differ materially from those anticipated by the Company and described in the forward-looking
statements contained in this press release. No assurance can be given that any of the events anticipated by the forward-
looking statements will transpire or occur or, if any of them do so, what benefits the Company will derive there from. The
forward-looking statements contained in this news release are made as at the date of this news release and the Company
does not undertake any obligation to update publicly or to revise any of the forward-looking statements, whether as a
result of new information, future events or otherwise, except as may be required by applicable securities laws.