NextSource Materials Inc.


Primary ticker: TSX:NEXT, OTCQB:NSRCF
Stage of development: Development, Production
Primary minerals: Graphite, Battery Anode Material (CSPG)
Project to promote: Molo Graphite Project
Project location: Madagascar

NextSource Materials Inc. is a strategic materials development company based in Toronto, Canada that is intent on becoming a fully integrated, global supplier of critical battery and technology materials needed to power the sustainable energy revolution.

The Company’s Molo graphite project in Madagascar is one of the largest known and highest-quality graphite deposits globally, and the only one with SuperFlake® graphite. Construction of Phase 1 of the Molo Project is complete, with the start of plant commissioning expected by Feb 2023.

NextSource Materials is listed on the Toronto Stock Exchange (TSX) under the symbol “NEXT” and on the OTCQB under the symbol “NSRCF”.

Cash: CAD$16M
Debt: NIL

Major shareholders:
Vision Blue Resources (Sir Mick Davis) – 47%
Private Shareholder Group – 15%
High Net worth Investors – 14%
Insiders and Directors – 12%

Management Profile

Craig Scherba, P. Geo., President and CEO
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, Executive Vice President
Mr. Nykoliation joined the senior management team at NextSource Materials as Vice President, Corporate Development in 2007 and oversees all strategic offtakes and partnerships, and communications with analysts, sell side and buy side institutional 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.

What is your rationale for taking part in 121 Mining Investment?

Promoting our project and preparing for a private placement for next phase of expansion (anode)

What recent news would you like to highlight to investors attending?

Commissioning our graphite mine in Q1 2023, offtakes secured for >100% of Ph1 production with thyssenkrupp GmbH and main SPG supplier to a major Japanese anode processor supplying the Toyota and Tesla supply chains.

What are your key goals in 3 months, 6 months, 12 months?

3 Months:
Ph1 Mine production; release technical study, raise funds and start construction of first battery anode facility (BAF); release FS for Ph2 mine expansion.

6 Months:
To have construction underway on our first of several planned Battery Anode Facilities; possible OEM offtake partner announcement by this time

12 Months:
Commission first Battery Anode Facility; prepare for funding of Ph2 of mine expansion

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Speed to market – we can secure first mover advantage on an anode facility

What do you think makes your company such a compelling investment?

Phase 1 commissioning by Feb 2023, fast-tracking Battery Anode Facility construction with proven processing partner to the Tesla and Toyota supply chains

What are the top 3 key investor takeaways?

1. We will be the next graphite project in production and likely the only one in 2023 & 2024
2. Real offtakes secured (thyssenkrupp and Toyota/Tesla supply chain)
3. Will be executing our downstream, vertical integration plans with key strategic partners to be able to supply major OEMs with anode material in Q1 2024