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NextSource Materials Continues to Strengthen Management Team, Appoints Industry Veteran to Head Up Global Anode Expansion

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NextSource Materials Inc. (TSX:NEXT)(OTCQB:NSRCF) has appointed Dr. Tilo Hauke as Executive Vice President of Downstream Operations, effective October 1st, 2024. This move strengthens the company's management team to support its global growth strategy. Dr. Hauke, previously with FREYR Battery and SGL Carbon SE, brings 20 years of experience in carbon & graphite products. At NextSource, he will oversee the strategy to construct multiple Battery Anode Facilities (BAFs) for producing commercial-scale graphite anode material for lithium-ion batteries used in electric vehicles. These BAFs will be strategically located globally, leveraging NextSource's exclusive access to proprietary anode processing technology for supplying anode active material to major EV automotive companies.

NextSource Materials Inc. (TSX:NEXT)(OTCQB:NSRCF) ha nominato il Dr. Tilo Hauke come Vicepresidente Esecutivo delle Operazioni a Valle, con effetto dal 1° ottobre 2024. Questa mossa rafforza il team di gestione dell'azienda per supportare la sua strategia di crescita globale. Il Dr. Hauke, precedentemente con FREYR Battery e SGL Carbon SE, porta con sé 20 anni di esperienza nei prodotti in carbonio e grafite. Presso NextSource, supervisionerà la strategia per costruire più impianti per elettrodi di batteria (BAFs) per la produzione di materiale anode in grafite su scala commerciale per batterie agli ioni di litio utilizzate nei veicoli elettrici. Questi BAF saranno situati strategicamente a livello globale, sfruttando l'accesso esclusivo di NextSource alla tecnologia di processo dell'anode proprietario per fornire materiale attivo per l'anode a importanti aziende automobilistiche nel settore dei veicoli elettrici.

NextSource Materials Inc. (TSX:NEXT)(OTCQB:NSRCF) ha designado al Dr. Tilo Hauke como Vicepresidente Ejecutivo de Operaciones Downstream, con efectividad a partir del 1 de octubre de 2024. Este movimiento fortalece al equipo de gestión de la empresa para apoyar su estrategia de crecimiento global. El Dr. Hauke, quien previamente trabajó en FREYR Battery y SGL Carbon SE, aporta 20 años de experiencia en productos de carbono y grafito. En NextSource, supervisará la estrategia para construir múltiples Instalaciones de Electrodos de Batería (BAFs) para producir material de ánodo de grafito a escala comercial para baterías de iones de litio utilizadas en vehículos eléctricos. Estas BAF se ubicarán estratégicamente a nivel global, aprovechando el acceso exclusivo de NextSource a la tecnología de procesamiento de ánodos para suministrar material activo de ánodo a grandes empresas automovilísticas de EV.

NextSource Materials Inc. (TSX:NEXT)(OTCQB:NSRCF)는 티로 하우케 박사를 다운스트림 운영의 부사장으로 임명한다고 발표하며, 임기는 2024년 10월 1일부터 시작된다. 이번 인사는 회사의 글로벌 성장 전략을 지원하기 위해 관리 팀을 강화한다. 하우케 박사는 FREYR Battery와 SGL Carbon SE에서 근무했으며, 탄소 및 흑연 제품 분야에서 20년의 경험을 가지고 있다. NextSource에서 그는 리튬 이온 배터리에 사용되는 상업 규모의 흑연 양극 재료를 생산하기 위해 여러 배터리 양극 시설(BAF)의 건설 전략을 감독할 것이다. 이 BAF는 NextSource의 독점 양극 가공 기술에 대한 접근을 활용하여 주요 전기차 제조업체에 양극 활성 물질을 공급하기 위해 전 세계적으로 전략적으로 위치할 것이다.

NextSource Materials Inc. (TSX:NEXT)(OTCQB:NSRCF) a nommé Dr. Tilo Hauke en tant que Vice-Président Exécutif des Opérations en Aval, à compter du 1er octobre 2024. Ce mouvement renforce l'équipe de direction de l'entreprise pour soutenir sa stratégie de croissance mondiale. Dr. Hauke, précédemment chez FREYR Battery et SGL Carbon SE, apporte 20 ans d'expérience dans les produits en carbone et en graphite. Chez NextSource, il supervisera la stratégie de construction de plusieurs Installations d'Électrodes de Batteries (BAFs) pour produire du matériau d'anode en graphite à l'échelle commerciale pour les batteries lithium-ion utilisées dans les véhicules électriques. Ces BAF seront stratégiquement situées dans le monde entier, tirant parti de l'accès exclusif de NextSource à la technologie de traitement des anodes pour fournir du matériau actif d'anode aux grands fabricants automobiles de véhicules électriques.

NextSource Materials Inc. (TSX:NEXT)(OTCQB:NSRCF) hat Dr. Tilo Hauke zum Executive Vice President of Downstream Operations ernannt, wirksam zum 1. Oktober 2024. Dieser Schritt stärkt das Managementteam des Unternehmens, um seine globale Wachstumsstrategie zu unterstützen. Dr. Hauke, zuvor bei FREYR Battery und SGL Carbon SE, bringt 20 Jahre Erfahrung in Kohlenstoff- und Graphitprodukten mit. Bei NextSource wird er die Strategie zur Errichtung mehrerer Battereanodenanlagen (BAFs) zur Produktion von Graphitanodenmaterial in kommerziellen Mengen für Lithium-Ionen-Batterien, die in Elektrofahrzeugen verwendet werden, überwachen. Diese BAFs werden weltweit strategisch positioniert und nutzen NextSources exklusiven Zugang zu proprietärer Anodentechnologie zur Lieferung von anodenaktivem Material an große Automobilunternehmen im Bereich der Elektrofahrzeuge.

Positive
  • Appointment of industry veteran Dr. Tilo Hauke as EVP of Downstream Operations
  • Dr. Hauke brings 20 years of experience in carbon & graphite products
  • Strategy to construct multiple Battery Anode Facilities (BAFs) globally
  • Exclusive access to proprietary anode processing technology
  • Potential to become a vertically integrated large-scale producer of value-added graphite products
Negative
  • None.

TORONTO, ON / ACCESSWIRE / August 12, 2024 / NextSource Materials Inc. (TSX:NEXT)(OTCQB:NSRCF) ("NextSource" or the "Company") is pleased to announce the further strengthening of its management team to support the next phase of the Company's global growth strategy with the appointment of Dr. Tilo Hauke as Executive Vice President of Downstream Operations, effective October 1st, 2024.

Dr. Hauke joins NextSource from FREYR Battery, a US and Norway-based lithium-ion battery cell developer, where he was Executive Vice President Supply Chain Management. Prior to FREYR Battery, Dr. Hauke spent 20 years at SGL Carbon SE, a European company that is one of the world's leading manufacturers of carbon & graphite products. At SGL Carbon, he held various senior leadership positions including Senior Vice President, Business Line Fuel Cell Components and Group Vice President, Technology and Innovation.

At NextSource, Dr. Hauke will oversee the Company's strategy to construct multiple Battery Anode Facilities (BAFs) for the production of commercial scale graphite anode material for lithium-ion batteries used in electric vehicles. The Company's planned series of BAFs will be strategically located globally and leverage NextSource's exclusive access to proprietary anode processing technology for the supply of anode active material to major EV automotive companies.

President and CEO, Craig Scherba, commented:

"I am delighted to welcome Tilo to NextSource to lead our global anode strategy as the Company advances to becoming a vertically integrated large-scale producer of value-added graphite products. We are excited by the huge scale of the opportunity presented by this rapidly growing market and the contribution Tilo can make to NextSource's objective of becoming an integrated, global supplier of critical battery and technology materials."

Dr. Hauke holds a Ph.D. in solid state physics from the University of Halle-Wittenberg and an MBA from the University of Augsburg/Pittsburgh.

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 of 17,000 tpa of graphite concentrate.

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 +1.416.364.4911 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, timing of on-site construction including the processing plant, process improvements and mine plant adjustments as well as production estimates and timing thereof, 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

When will Dr. Tilo Hauke join NextSource Materials (NSRCF) as EVP of Downstream Operations?

Dr. Tilo Hauke will join NextSource Materials (NSRCF) as Executive Vice President of Downstream Operations effective October 1st, 2024.

What is NextSource Materials' (NSRCF) strategy for Battery Anode Facilities (BAFs)?

NextSource Materials (NSRCF) plans to construct multiple Battery Anode Facilities (BAFs) globally for the production of commercial scale graphite anode material for lithium-ion batteries used in electric vehicles.

What is Dr. Tilo Hauke's previous experience before joining NextSource Materials (NSRCF)?

Before joining NextSource Materials (NSRCF), Dr. Tilo Hauke was Executive Vice President Supply Chain Management at FREYR Battery and spent 20 years at SGL Carbon SE in various senior leadership positions.

What is NextSource Materials' (NSRCF) goal in the graphite industry?

NextSource Materials (NSRCF) aims to become a vertically integrated large-scale producer of value-added graphite products and an integrated, global supplier of critical battery and technology materials.

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