NextSource Materials Announces Results of 2022 Annual Meeting of Shareholders

Rhea-AI Summary

NextSource Materials Inc. (OTCQB:NSRCF) announced the results of its Annual and Special Meeting of Shareholders held on December 5, 2022, with 49.5% of outstanding common shares represented. All director nominees were elected, with voting percentages for Sir Mick Davis at 99.5%, Craig Scherba at 98.9%, and others above 98%. The shareholders also approved the re-appointment of MNP LLP as auditors for the fiscal year ending June 30, 2023, with 99.7% voting in favor. The company focuses on becoming a global supplier of critical battery materials.

Positive

• Successful election of all director nominees with high majority votes (e.g., Sir Mick Davis 99.5%).
• Re-appointment of MNP LLP as auditors approved with 99.7% support.

Negative

• None.

TORONTO, ON / ACCESSWIRE / December 5, 2022 / NextSource Materials Inc. (TSX:NEXT) (OTCQB:NSRCF) ("NextSource" or the "Company") is pleased to announce the results of the Annual and Special Meeting of Shareholders (the "Meeting") held virtually at 10:00 AM Toronto, Ontario, Canada on December 5, 2022.

The Board of Directors had fixed October 14, 2022 as the record date for the Meeting. There were 101,872,614 common shares outstanding and entitled to vote at the Meeting. A total of 50,199,686 common shares equivalent to 49.5% of the common shares entitled to vote at the Meeting were represented in person or by proxy. A total of 2,339,761 of the common shares represented by proxy were not voted.

The final voting results of the Meeting are set out below:

(1) Election of Directors. Each of the nominees were elected as directors to serve until the next annual meeting of shareholders, or until their respective successors are elected or appointed. The following table sets forth the voting results with respect to the election of directors:

Nominee		For		Against
Sir Mick Davis		99.5%		0.5%
Craig Scherba		98.9%		1.1%
Brett Whalen		98.6%		1.4%
Robin Borley		98.8%		1.2%
Christopher Kruba		99.1%		0.9%
Ian Pearce		99.1%		0.9%

(2) Appointment of MNP LLP. The Company's shareholders approved the re-appointment of MNP LLP, Chartered Professional Accountants, as the Company's auditors for the fiscal year ending June 30, 2023 and that the Board of Directors is authorized to fix their remuneration. The following table sets forth the voting results with respect to the re-appointment of MNP LLP:

For		Against
99.7%		0.3%

ABOUT NEXTSOURCE MATERIALS INC.

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 materials.

The Company 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 visit our website at www.nextsourcematerials.com or contact us a +1.416.364.4911 or email Brent Nykoliation, Executive Vice President at brent@nextsourcematerials.com or Craig Scherba, President & CEO at craig@nextsourcematerials.com

SOURCE: NextSource Materials Inc.

View source version on accesswire.com:
https://www.accesswire.com/730201/NextSource-Materials-Announces-Results-of-2022-Annual-Meeting-of-Shareholders

FAQ

What were the major outcomes of the NextSource Materials Inc. Annual Meeting on December 5, 2022?

The meeting resulted in the election of all director nominees and the re-appointment of MNP LLP as auditors for the fiscal year ending June 30, 2023.

What percentage of shares were represented at the NextSource Materials Inc. Meeting?

A total of 50,199,686 common shares, equivalent to 49.5% of the shares entitled to vote, were represented at the Meeting.

How did shareholders vote on the election of directors at NextSource Materials Inc.?

Shareholders voted overwhelmingly in favor of the director nominees, with percentages exceeding 98% for all except one nominee.

What is the stock symbol for NextSource Materials Inc.?

NextSource Materials Inc. trades under the stock symbol NSRCF on the OTCQB.