NextSource Materials Announces Results of 2024 Annual Meeting of Shareholders
NextSource Materials Announces Results of 2024 Annual
Meeting of Shareholders
TORONTO, ON / ACCESSWIRE / December 6, 2024 / NextSource Materials Inc.
(TSX:NEXT)(OTCQB:NSRCF) ("NextSource" or the "Company") is pleased to announce the
results of the Annual Meeting of Shareholders of the Company (the "Meeting") held virtually at
9:00 AM (Toronto time) on December 5, 2024.
AGM Results
The final voting results of the Meeting are set out below:
1. Election of Directors. The Company's shareholders elected each of the nominees as
directors to serve until the next annual meeting of shareholders, or until their respective
successors are elected or appointed. The following table sets forth the voting results with
respect to the election of directors:
Nominee For Against
Sir Mick Davis 99.9% 0.1%
Martina Buchhauser 99.8% 0.2%
Christopher Kruba 99.9% 0.1%
Ian Pearce 99.9% 0.1%
Craig Scherba 99.9% 0.1%
Brett Whalen 99.9% 0.1%
Hanré Rossouw 99.8% 0.2%
1. Appointment of Auditor. The Company's shareholders approved the appointment of
PricewaterhouseCoopers LLP, Chartered Professional Accountants, as the Company's
auditors for the fiscal year ending June 30, 2025 and that the Board of Directors is
authorized to fix their remuneration. The following table sets forth the voting results with
respect to the appointment of PricewaterhouseCoopers LLP:
For Withheld
98.7% 1.3%
A total of 109,240,118 common shares equivalent to 59.5% of the common shares entitled to
vote were represented in person or by proxy at the Meeting.
ABOUT NEXTSOURCE MATERIALS INC.
NextSource Materials Inc. is a battery materials development company based in Toronto, Canada
that is intent on becoming a vertically integrated global supplier of battery materials through the
mining and value-added processing of graphite and other minerals.
The Company's Molo graphite project in Madagascar is one of the largest known and highest-
quality graphite resources globally, and the only one with SuperFlake® graphite. The Molo mine
has begun production, with Phase 1 mine operations currently being optimized to reach its
nameplate production capacity.
The Company is also developing a significant downstream graphite value-add business through
the staged rollout of Battery Anode Facilities capable of large-scale production of coated,
spheronized and purified graphite for direct delivery to battery and automotive customers,
outside of existing Asian supply chains, in a fully transparent and traceable manner.
NextSource Materials is listed on the Toronto Stock Exchange under the symbol "NEXT" and on
the OTCQB under the symbol "NSRCF".
Investors: Brent Nykoliation Executive Vice President [email protected]
Media: Michael Oke/Andy Mills +44 207 321 0000 [email protected]
CAUTIONARY NOTE
This press release contains statements that may constitute "forward-looking information" or
"forward-looking statements" within the meaning of applicable Canadian and United States
securities legislation. Readers are cautioned not to place undue reliance on forward-looking
information or statements. Forward-looking statements and information are frequently
characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate",
"estimate", "potential", "possible" and other similar words, or statements that certain events or
conditions "may", "will", "could", or "should" occur. Forward-looking statements include any
statements regarding, among others, reaching nameplate production capacity and the rollout of
Battery Anode Facilities including the capabilities and the timing thereof. These statements 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 because of new information,
future events or otherwise, except as may be required by applicable securities laws. Although the
forward-looking statements contained in this news release are based on what management
believes are reasonable assumptions, the Company cannot assure investors that actual results
will be consistent with them. These forward-looking statements are made as of the date of this
news release and are expressly qualified in their entirety by this cautionary statement. Subject to
applicable securities laws, the Company does not assume any obligation to update or revise the
forward-looking statements contained herein to reflect events or circumstances occurring after
the date of this news release.
SOURCE: NextSource Materials Inc.