TORONTO, ON / ACCESSWIRE / November 1, 2024 / NextSource Supplies Inc. (TSX:NEXT)(OTCQB:NSRCF) (“NextSource” or the “Firm”) confirms, additional to the announcement on 28th Could 2024, Hanré Rossouw has formally begun his function as President and CEO. His tenure begins in Madagascar, the place he’ll go to the Molo graphite mine operations in addition to have interaction with the group and authorities as a part of a structured management transition plan.
Additionally efficient right now, the previous President and CEO, Craig Scherba, will proceed as a Director and transition to the newly created function of Chief Improvement Officer to deal with growing technique, managing offtake negotiations and increasing the Firm’s OEM relationships globally.
NextSource is at a pivotal level in its improvement, having not too long ago shipped its first industrial consignment of SuperFlake ® graphite focus and producing its first earnings from gross sales to US and European clients. The speedy development of its build-out technique for battery anode services (BAF) and the bolstering of the administration staff via current appointments additional underscore the Firm’s dedication to ship on its subsequent part of development.
NextSource is nicely positioned to appreciate its imaginative and prescient in changing into a accountable, sustainable battery supplies firm, with the important thing precedence being the profitable ramp-up of Molo and the acceleration of its deliberate sequence of BAFs that will likely be strategically situated globally to produce anode energetic materials to main EV automotive corporations.
Sir Mick Davis, Chairman of NextSource commented:
“On behalf of the Board, I welcome Hanré to the function of President and CEO of NextSource Supplies. The Firm is starting to ship on its potential to grow to be a significant graphite producer serving world clients. I’m assured that the expanded administration staff underneath Hanré’s management have the capabilities to capitalise on the numerous downstream alternatives within the graphite provide chain.
I additionally pay tribute to Craig Scherba for his management and imaginative and prescient within the constructing of NextSource Supplies and I’m delighted that he’ll proceed as a director and a part of the management staff”.
Hanré Rossouw, President and CEO commented:
“I’m delighted to guide the Firm through the subsequent part of its development technique. The imaginative and prescient to grow to be a worldwide chief in sustainable battery supplies is unchanged, with the important thing precedence being the profitable ramp-up of Molo.
NextSource can elevate Madagascar to be an vital participant within the world sustainable vitality transition which is why I’m right here assembly with the workforce, senior management, host authorities and local people on the primary day of my tenure. We are going to proceed to collaborate carefully with all our strategic companions to seize the advantages of our shared aspiration.”
About Hanré Rossouw
Hanré Rossouw was appointed President and Chief Govt Officer of NextSource efficient November 1, 2024 and joined the Board as a Director from September 1, 2024. Hanré has intensive expertise within the world pure assets business gained during the last 25 years and joined NextSource from Sasol (NYSE:) Restricted the place he was Chief Monetary Officer and Govt Director.
A British and South African nationwide, Hanré has held senior positions in main world mining and funding corporations the place his roles concerned enterprise improvement, M&A, capital markets, asset administration and enterprise optimization. Mr. Rossouw graduated from Oxford College with a Grasp’s diploma in Enterprise Administration and in addition holds a Bachelor of Engineering diploma in Chemical Engineering and a Bachelor of Commerce (Hons) diploma in Economics.
About NextSource Supplies Inc.
NextSource Supplies Inc. is a battery supplies improvement firm based mostly in Toronto, Canada that’s intent on changing into a vertically built-in world provider of battery supplies via the mining and value-added processing of graphite and different minerals.
The Firm’s Molo graphite mission in Madagascar is likely one of the largest identified and highest-quality graphite assets globally, and the one one with SuperFlake ® graphite. The Molo mine has begun manufacturing, with Section 1 mine operations at present being optimized to achieve its nameplate manufacturing capability of 17,000 tpa of graphite focus.
The Firm can be growing a major downstream graphite value-add enterprise via the staged rollout of Battery Anode Amenities able to large-scale manufacturing of coated, spheronized and purified graphite for direct supply to battery and automotive clients, exterior of present Asian provide chains, in a completely clear and traceable method.
NextSource Supplies is listed on the Toronto Inventory Trade (TSX) underneath the image “NEXT” and on the OTCQB underneath the image “NSRCF”.
For additional details about NextSource please go to our web site at www.nextsourcematerials.com or contact us:
Buyers: Nykoliation Govt Vice President +1.416.364.4911
[email protected] or Hanré Rossouw, President & CEO
[email protected]
Media: Michael Oke/Andy Mills +44 207 321 0000 [email protected]
Cautionary Observe
This press launch comprises statements which will represent “forward-looking data” or “forward-looking statements” throughout the which means of relevant Canadian and United States securities laws. Readers are cautioned to not place undue reliance on forward-looking data or statements. Ahead wanting statements and data are often characterised by phrases similar to “plan”, “anticipate”, “mission”, “intend”, “consider”, “anticipate”, “estimate”, “potential”, “potential” and different related phrases, or statements that sure occasions or circumstances “might”, “will”, “might”, or “ought to” happen. Ahead-looking statements embrace any statements concerning, amongst others, timing of economic gross sales, commissioning and achievement of nameplate capability, together with the processing plant, course of enhancements and mine plant changes in addition to manufacturing estimates and timing thereof, the rollout of Battery Anode Amenities together with the capabilities and the timing thereof. These statements are based mostly on present expectations, estimates and assumptions that contain a variety of dangers, which might trigger precise outcomes to fluctuate and, in some cases, to vary materially from these anticipated by the Firm and described within the forward-looking statements contained on this press launch.
No assurance might be on condition that any of the occasions anticipated by the forward-looking statements will transpire or happen or, if any of them achieve this, what advantages the Firm will derive there from. The forward-looking statements contained on this information launch are made as on the date of this information launch and the Firm doesn’t undertake any obligation to replace publicly or to revise any of the forward-looking statements, whether or not due to new data, future occasions or in any other case, besides as could also be required by relevant securities legal guidelines. Though the forward-looking statements contained on this information launch are based mostly on what administration believes are cheap assumptions, the Firm can not guarantee buyers that precise outcomes will likely be in line with them. These forward-looking statements are made as of the date of this information launch and are expressly certified of their entirety by this cautionary assertion. Topic to relevant securities legal guidelines, the Firm doesn’t assume any obligation to replace or revise the forward-looking statements contained herein to replicate occasions or circumstances occurring after the date of this information launch.
SOURCE: NextSource Supplies Inc.
View the unique press launch on accesswire.com
