NextSource Materials Appoints Jaco Crouse as Chief Financial Officer
NextSource Materials Appoints Jaco Crouse as Chief
Financial Officer
TORONTO, ON / ACCESSWIRE / July 9, 2024 / NextSource Materials Inc.
(TSX:NEXT)(OTCQB:NSRCF) ("NextSource" or the "Company") announces the appointment
of Jaco Crouse as Chief Financial Officer (CFO) of the Company as part of its global growth
strategy.
Mr. Crouse today replaces Marc Johnson who has served as CFO since October 2015. Mr.
Johnson will continue to provide consulting services to the Company to assist with the smooth
transition of this role. The Board of Directors of the Company would like to thank Mr. Johnson
for his service to the Company over the years and wishes him well in his future endeavours.
Mr. Crouse joins NextSource from the position of CFO and Executive Director of Amaroq
Minerals (a TSX and LSE listed company) and brings a wealth of experience in mergers and
acquisitions, capital and debt markets, financial reporting and the development and execution of
business strategies.
Mr. Crouse has over 20 years' experience in publicly listed natural resource companies. Mr.
Crouse previously served as CFO at Metals Acquisition Corp, where he completed the purchase
of the CSA copper mine in Australia from Glencore, and as CFO at Detour Gold Corporation.
Mr .Crouse was the former Chief Financial Officer at Triple Flag Precious Metals (a royalty and
streaming company) and worked at Barrick Gold Corporation in Toronto and in the Nickel
Trading division at Glencore in Baar Switzerland. Mr. Crouse also held various positions within
Xstrata plc between December 2002 to November 2013, including as General Manager of
Business Optimisation in the Nickel Division.
Mr. Crouse studied Accounting Sciences at the University of South Africa and is a qualified
Chartered Accountant in Ontario (CPA) and South Africa (CA(SA)). He is also a registered
Financial Risk Manager (FRM).
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 Mine in Madagascar is one of the largest known and highest-
quality graphite resources globally, and the only one with SuperFlake® graphite. The Molo
Graphite Mine has begun production, with Phase 1 mine operations currently undergoing ramp-
up to reach its nameplate production capacity of 17,000 tpa of graphite concentrate.
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 +1.416.364.4911
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, timing of on-site construction including the processing
plant, process improvements and mine plant adjustments as well as production estimates and
timing thereof, 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.