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NextSource Materials Announces Results of 2024 Annual Meeting of Shareholders

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NextSource Materials held its Annual Meeting of Shareholders on December 5, 2024, with 59.5% of voting shares represented. All director nominees were successfully elected with overwhelming support, each receiving approximately 99.9% approval. The nominated directors include Sir Mick Davis, Martina Buchhauser, Christopher Kruba, Ian Pearce, Craig Scherba, Brett Whalen, and Hanré Rossouw.

Shareholders also approved PricewaterhouseCoopers LLP as the Company's auditors for the fiscal year ending June 30, 2025, with 98.7% voting in favor. A total of 109,240,118 common shares participated in the voting process.

NextSource Materials ha tenuto la sua Assemblea Annuale degli Azionisti il 5 dicembre 2024, con il 59,5% delle azioni votanti rappresentate. Tutti i candidati alle cariche di direttore sono stati eletti con un sostegno schiacciante, ciascuno ricevendo circa il 99,9% di approvazione. I direttori nominati includono Sir Mick Davis, Martina Buchhauser, Christopher Kruba, Ian Pearce, Craig Scherba, Brett Whalen e Hanré Rossouw.

Gli azionisti hanno anche approvato PricewaterhouseCoopers LLP come revisori dei conti dell'azienda per l'anno fiscale che si chiude il 30 giugno 2025, con il 98,7% che ha votato a favore. Un totale di 109.240.118 azioni ordinarie hanno partecipato al processo di voto.

NextSource Materials celebró su Reunión Anual de Accionistas el 5 de diciembre de 2024, con el 59,5% de las acciones con derecho a voto representadas. Todos los candidatos a director fueron elegidos con un apoyo abrumador, cada uno recibiendo aproximadamente el 99,9% de aprobación. Los directores nominados incluyen a Sir Mick Davis, Martina Buchhauser, Christopher Kruba, Ian Pearce, Craig Scherba, Brett Whalen y Hanré Rossouw.

Los accionistas también aprobaron a PricewaterhouseCoopers LLP como auditores de la Compañía para el año fiscal que termina el 30 de junio de 2025, con un 98,7% votando a favor. Un total de 109.240.118 acciones comunes participaron en el proceso de votación.

NextSource Materials는 2024년 12월 5일 주주 총회를 개최하였으며, 투표 가능한 주식의 59.5%가 참석하였습니다. 모든 이사 후보가 압도적인 지지를 받아 성공적으로 선출되었으며, 각 후보는 약 99.9%의 승인을 받았습니다. 지명된 이사로는 Sir Mick Davis, Martina Buchhauser, Christopher Kruba, Ian Pearce, Craig Scherba, Brett Whalen, 그리고 Hanré Rossouw가 포함됩니다.

주주들은 또한 PricewaterhouseCoopers LLP를 2025년 6월 30일 종료되는 회계 연도의 이사로 승인했으며, 98.7%가 찬성 투표를 하였습니다. 총 109,240,118주가 투표 과정에 참여했습니다.

NextSource Materials a tenu sa Réunion Annuelle des Actionnaires le 5 décembre 2024, avec 59,5% des actions votantes représentées. Tous les candidats directeurs ont été élus avec un soutien écrasant, chacun recevant environ 99,9% d'approbation. Les directeurs nommés incluent Sir Mick Davis, Martina Buchhauser, Christopher Kruba, Ian Pearce, Craig Scherba, Brett Whalen et Hanré Rossouw.

Les actionnaires ont également approuvé PricewaterhouseCoopers LLP en tant qu'auditeurs de l'entreprise pour l'exercice se terminant le 30 juin 2025, avec 98,7% votant en faveur. Un total de 109.240.118 actions ordinaires ont participé au processus de vote.

NextSource Materials hielt am 5. Dezember 2024 seine Jahreshauptversammlung der Aktionäre ab, bei der 59,5% der stimmberechtigten Aktien vertreten waren. Alle Kandidaten für den Vorstand wurden mit überwältigender Unterstützung erfolgreich gewählt, wobei jeder etwa 99,9% Zustimmung erhielt. Zu den nominierten Direktoren gehören Sir Mick Davis, Martina Buchhauser, Christopher Kruba, Ian Pearce, Craig Scherba, Brett Whalen und Hanré Rossouw.

Die Aktionäre genehmigten außerdem PricewaterhouseCoopers LLP als Wirtschaftsprüfer des Unternehmens für das am 30. Juni 2025 endende Geschäftsjahr, wobei 98,7% zustimmten. Insgesamt nahmen 109.240.118 Stammaktien am Abstimmungsprozess teil.

Positive
  • Strong shareholder support demonstrated with 99.9% approval for director nominees
  • High participation rate with 59.5% of voting shares represented at the meeting
Negative
  • None.

TORONTO, ON / ACCESSWIRE / December 6, 2024 / NextSource Materials Inc. (TSX:NEXT)(OTCQB:NSRCF) ("NextSource" or the "Company") is pleased to announce the results of the Annual Meeting of Shareholders of the Company (the "Meeting") held virtually at 9:00 AM (Toronto time) on December 5, 2024.

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

  1. Election of Directors. The Company's shareholders elected each of the nominees 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

99.9%

0.1%

Martina Buchhauser

99.8%

0.2%

Christopher Kruba

99.9%

0.1%

Ian Pearce

99.9%

0.1%

Craig Scherba

99.9%

0.1%

Brett Whalen

99.9%

0.1%

Hanré Rossouw

99.8%

0.2%

  1. Appointment of Auditor. The Company's shareholders approved the appointment of PricewaterhouseCoopers LLP, Chartered Professional Accountants, as the Company's auditors for the fiscal year ending June 30, 2025 and that the Board of Directors is authorized to fix their remuneration. The following table sets forth the voting results with respect to the appointment of PricewaterhouseCoopers LLP:

For

Withheld

98.7%

1.3%

A total of 109,240,118 common shares equivalent to 59.5% of the common shares entitled to vote were represented in person or by proxy at the Meeting.

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 optimized to reach its nameplate production capacity.

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 automotive customers, outside of existing Asian supply chains, in a fully transparent and traceable manner.

NextSource Materials is listed on the Toronto Stock Exchange under the symbol "NEXT" and on the OTCQB under the symbol "NSRCF".

Investors: Brent Nykoliation Executive Vice President brent@nextsourcematerials.com

Media: Michael Oke/Andy Mills +44 207 321 0000 nextsource@aura-financial.com

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, reaching nameplate production capacity and 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 the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release.

SOURCE: NextSource Materials Inc.



View the original press release on accesswire.com

FAQ

What was the voting result for NextSource Materials (NSRCF) director nominees in December 2024?

All director nominees received approximately 99.9% approval votes from shareholders.

How many NextSource Materials (NSRCF) shares were represented at the December 2024 annual meeting?

109,240,118 common shares, representing 59.5% of voting shares, were represented at the meeting.

Who was appointed as NextSource Materials (NSRCF) auditor for fiscal year 2025?

PricewaterhouseCoopers LLP was appointed as auditor with 98.7% shareholder approval.

NEXTSOURCE MATERIALS INC

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