NextSource Materials Inc. is a mine development company based in Toronto, Canada, that is developing its 100%-owned Molo Graphite Project in southern Madagascar. The Molo Graphite Project is a feasibility-stage project and ranks as one of the largest-known and highest quality flake graphite deposits in the world and the only project with SuperFlake® graphite. In addition, NextSource is developing its 100%-owned NI 43-101 compliant Green Giant Vanadium Project, located just 12 kilometres from the Molo Graphite Project. The Green Giant Project is a rarely occurring sedimentary-hosted deposit that also ranks as one of the largest-known and highest in-situ grade vanadium resources in the world.
Craig Scherba – President and Chief Executive Officer, P.Geo.
Mr. Scherba was appointed President and Chief Operating Officer in September 2012 and has been a director since January 2010. Previously, Mr. Scherba served as Vice President, Exploration of the Company since January 2010. Prior to joining the Company, Mr. Scherba was a managing partner for six years with Taiga Consultants Ltd. (“Taiga”), a mining exploration consulting company. Mr. Scherba has been a professional geologist (P. Geo.) since 2000, and his expertise includes supervising large Canadian and international exploration programs. Mr. Scherba was an integral member of the exploration team that developed Nevsun Resources’ high grade gold, copper and zinc Bisha project in Eritrea. Mr. Scherba served as the Company’s Country and Exploration Manager in Madagascar during its initial exploration stage, discovering both the Molo Graphite and the Green Giant Vanadium deposits.
Brent Nykoliation – Senior Vice President, Corporate Development, BCom (Hons)
Mr. Nykoliation joined the senior management team at NextSource Materials as Vice President, Corporate Development in 2007 and oversees all fundraising and communication initiatives with analysts and investors for the Company. He brings over 20 years of management experience, having held senior marketing and strategic development positions with several Fortune 500 corporations in Canada, notably Nestlé, Home Depot and Whirlpool.
Mr. Nykoliation holds a Bachelor of Commerce with Honours degree from Queen’s University and also serves as a director of Red Pine Exploration Inc., (TSX.V:RPX) a publicly listed gold resource exploration company headquartered in Toronto, Canada.
What is your rationale for attending 121 Mining Investment?
Strategic Private Placement to forward development of our advanced battery material projects – graphite and vanadium
What recent news would you like to highlight to investors attending?
The Molo Graphite project is a shovel-ready project that will utilize a game-changing, fully-modular build approach that is unique to the mining industry. It will allow us to have one of the lowest mine CAPEX costs while maintaining one of the lowest OPEX costs (on a full CIF basis) in the graphite industry.
What are your key goals for the next 3, 6 and 12 months?
Mining and Environmental Permit, Mine Financing
Additional offtake agreements
Value-add, downstream processing, expansion of mine
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Timing of permits. We are just waiting to receive our permits and can accelerate development immediately upon receiving them.
In a sentence, what do you think makes your company such a compelling investment?
One of the largest-known, highest-quality projects globally, verified by end-user offtakes agreements that has excellent economics (feasibility-stage).