NextSource Materials Welcomes New President and CEO Hanré Rossouw to Deliver Next Phase of Growth
NextSource Materials Welcomes New President and CEO
Hanré Rossouw to Deliver Next Phase of Growth
NEWS RELEASE – TORONTO, November 1, 2024
NextSource Materials Inc. (TSX:NEXT) (OTCQB:NSRCF) (“NextSource” or the “Company”)
confirms, further to the announcement on 28 th May 2024, Hanré Rossouw has officially begun his
role as President and CEO. His tenure begins in Madagascar, where he will visit the Molo graphite
mine operations as well as engage with the community and government as part of a structured
leadership transition plan.
Also effective today, the former President and CEO, Craig Scherba, will continue as a Director and
transition to the newly created role of Chief Development Officer to focus on developing strategy,
managing offtake negotiations and expanding the Company’s OEM relationships globally.
NextSource is at a pivotal point in its development, having recently shipped its first commercial
consignment of SuperFlake® graphite concentrate and generating its first income from sales to US
and European customers. The rapid advancement of its build -out strategy for battery anode
facilities (BAF) and the bolstering of the management team through recent appointments further
underscore the Company’s commitment to deliver on its next phase of growth.
NextSource is well positioned to realize its vision in becoming a responsible, sustainable battery
materials company, with the key priority being the successful ramp-up of Molo and the acceleration
of its planned series of BAFs that will be strategically located globally to supply anode active
material to major EV automotive companies.
Sir Mick Davis, Chairman of NextSource commented:
“On behalf of the Board, I welcome Hanré to the role of President and CEO of NextSource Materials.
The Company is beginning to deliver on its potential to become a meaningful graphite producer
serving global customers. I am confident that the expanded management team under Hanré’ s
leadership have the capabilities to capitalise on the many downstream opportunities in the graphite
supply chain.
I also pay tribute to Craig Scherba for his leadership and vision in the building of NextSource
Materials and I am delighted that he will continue as a director and part of the leadership team ”.
Hanré Rossouw, President and CEO commented:
“I am delighted to lead the Company during the next phase of its growth strategy. The vision to
become a global leader in sustainable battery materials is unchanged, with the key priority being
the successful ramp-up of Molo.
NextSource can elevate Madagascar to be an important participant in the global sustainable energy
transition which is why I am here meeting with the workforce, senior leadership, host government
and local community on the first day of my tenure. We will continue to collaborate closely with all
our strategic partners to capture the benefits of our shared aspiration.”
About Hanré Rossouw
Hanré Rossouw was appointed President and Chief Executive Officer of NextSource effective
November 1, 2024 and joined the Board as a Director from September 1, 2024. Hanré has
extensive experience in the global natural resources industry gained over the la st 25 years and
joined NextSource from Sasol Limited where he was Chief Financial Officer and Executive Director.
A British and South African national, Hanré has held senior positions in leading global mining and
investment companies where his roles involved business development, M&A, capital markets,
asset management and business optimization. Mr. Rossouw graduated from Oxford University
with a Master's degree in Business Administration and also holds a Bachelor of Engineering degree
in Chemical Engineering and a Bachelor of Commerce (Hons) degree in Economics.
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 opti mized 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 aut omotive customers, outside
of existing Asian supply chains, in a fully transparent and traceable manner.
NextSource Materials is listed on the Toronto Stock Exchange (TSX) under the symbol “NEXT” and
on the OTCQB under the symbol “NSRCF”.
For further information about NextSource please visit our website at www.nextsourcematerials.com
or contact us:
Investors: Brent Nykoliation Executive Vice President +1.416.364.4911
[email protected] or Hanré Rossouw, President & CEO
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 commercial sales, commissioning and
achievement of nameplate capacity, 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 t he forward-looking statements contained herein to reflect events or
circumstances occurring after the date of this news release.