NextSource Materials Welcomes New President and CEO Hanré Rossouw to Deliver Next Phase of Growth
NextSource Materials announces Hanré Rossouw has officially begun his role as President and CEO, starting his tenure in Madagascar to visit the Molo graphite mine operations. Former CEO Craig Scherba transitions to Chief Development Officer while remaining a Director. The company recently achieved significant milestones, including its first commercial shipment of SuperFlake® graphite concentrate to US and European customers. NextSource is focusing on the ramp-up of Molo and accelerating its planned battery anode facilities (BAF) globally to supply anode active material to major EV automotive companies.
NextSource Materials annuncia che Hanré Rossouw ha ufficialmente iniziato il suo ruolo come Presidente e CEO, avviando il suo mandato in Madagascar per visitare le operazioni della miniera di grafite Molo. L'ex CEO Craig Scherba transita a Chief Development Officer rimanendo, però, un Direttore. L'azienda ha recentemente raggiunto traguardi significativi, inclusa la sua prima spedizione commerciale di SuperFlake® grafite concentrata a clienti negli Stati Uniti e in Europa. NextSource si sta concentrando sull'aumento della produzione di Molo e accelerando le sue strutture pianificate per gli anodi delle batterie (BAF) a livello globale, al fine di fornire materiale attivo per anodi alle principali case automobilistiche elettriche.
NextSource Materials anuncia que Hanré Rossouw ha comenzado oficialmente su rol como Presidente y CEO, comenzando su mandato en Madagascar para visitar las operaciones de la mina de grafito Molo. El ex CEO Craig Scherba pasa a ser Director de Desarrollo mientras continúa siendo Director. La compañía ha alcanzado recientemente hitos significativos, incluida su primer envío comercial de SuperFlake® concentrado de grafito a clientes de EE.UU. y Europa. NextSource se está enfocando en aumentar la producción de Molo y acelerar sus instalaciones planificadas de materiales anódicos para baterías (BAF) a nivel mundial para suministrar material activo para anodos a las principales compañías automotrices de vehículos eléctricos.
NextSource Materials는 Hanré Rossouw가 공식적으로 회장 겸 CEO로서의 역할을 시작했으며, 그의 임기는 마다가스카르에서 Molo 흑연 광산 운영을 방문하는 것으로 시작된다고 발표했습니다. 이전 CEO인 Craig Scherba는 이사직을 유지하면서 Chief Development Officer로 전환합니다. 이 회사는 최근 미국 및 유럽 고객에게 SuperFlake® 흑연 농축액의 첫 상업적 선적을 포함하여 중요한 이정표를 달성했습니다. NextSource는 Molo의 생산을 확대하고 세계적으로 계획된 배터리 음극 시설(BAF)을 가속화하여 주요 전기차 제조사에 음극 활성 물질을 공급하는 데 집중하고 있습니다.
NextSource Materials annonce que Hanré Rossouw a officiellement commencé son rôle de Président et de PDG, débutant son mandat à Madagascar pour visiter les opérations de la mine de graphite Molo. L'ancien PDG Craig Scherba passe au poste de Directeur du Développement tout en restant Directeur. L'entreprise a récemment atteint des jalons significatifs, y compris sa première expédition commerciale de SuperFlake® concentré de graphite à des clients aux États-Unis et en Europe. NextSource se concentre sur l'augmentation de la production de Molo et sur l'accélération de ses installations prévues de matériaux actifs pour anodes de batteries (BAF) à l'échelle mondiale pour fournir du matériel actif pour anodes aux principaux fabricants de véhicules électriques.
NextSource Materials gibt bekannt, dass Hanré Rossouw offiziell seine Rolle als Präsident und CEO begonnen hat, indem er seine Amtszeit in Madagaskar mit einem Besuch der Molo-Grafitmine beginnt. Der ehemalige CEO Craig Scherba wechselt zur Chief Development Officer-Rolle und bleibt dennoch Direktor. Das Unternehmen hat kürzlich bedeutende Meilensteine erreicht, darunter die erste kommerzielle Lieferung von SuperFlake®-Grafitkonzentrat an Kunden in den USA und Europa. NextSource konzentriert sich auf den Ausbau von Molo und beschleunigt weltweit die Planung seiner Anlagen für Battereanodenmaterialien (BAF), um Anodenaktivmaterial an große Elektroautohersteller zu liefern.
- First commercial shipment and revenue generation from SuperFlake® graphite concentrate
- Strategic expansion into battery anode facilities (BAF) for EV market
- Structured leadership transition maintaining continuity with former CEO in new role
- None.
TORONTO, ON / ACCESSWIRE / November 1, 2024 / NextSource Materials Inc. (TSX:NEXT)(OTCQB:NSRCF) ("NextSource" or the "Company") confirms, further to the announcement on 28th May 2024, Hanré Rossouw has officially begun his role as President and CEO. His tenure begins in Madagascar, where he will visit the Molo graphite mine operations as well as engage with the community and government as part of a structured leadership transition plan.
Also effective today, the former President and CEO, Craig Scherba, will continue as a Director and transition to the newly created role of Chief Development Officer to focus on developing strategy, managing offtake negotiations and expanding the Company's OEM relationships globally.
NextSource is at a pivotal point in its development, having recently shipped its first commercial consignment of SuperFlake® graphite concentrate and generating its first income from sales to US and European customers. The rapid advancement of its build-out strategy for battery anode facilities (BAF) and the bolstering of the management team through recent appointments further underscore the Company's commitment to deliver on its next phase of growth.
NextSource is well positioned to realize its vision in becoming a responsible, sustainable battery materials company, with the key priority being the successful ramp-up of Molo and the acceleration of its planned series of BAFs that will be strategically located globally to supply anode active material to major EV automotive companies.
Sir Mick Davis, Chairman of NextSource commented:
"On behalf of the Board, I welcome Hanré to the role of President and CEO of NextSource Materials. The Company is beginning to deliver on its potential to become a meaningful graphite producer serving global customers. I am confident that the expanded management team under Hanré's leadership have the capabilities to capitalise on the many downstream opportunities in the graphite supply chain.
I also pay tribute to Craig Scherba for his leadership and vision in the building of NextSource Materials and I am delighted that he will continue as a director and part of the leadership team".
Hanré Rossouw, President and CEO commented:
"I am delighted to lead the Company during the next phase of its growth strategy. The vision to become a global leader in sustainable battery materials is unchanged, with the key priority being the successful ramp-up of Molo.
NextSource can elevate Madagascar to be an important participant in the global sustainable energy transition which is why I am here meeting with the workforce, senior leadership, host government and local community on the first day of my tenure. We will continue to collaborate closely with all our strategic partners to capture the benefits of our shared aspiration."
About Hanré Rossouw
Hanré Rossouw was appointed President and Chief Executive Officer of NextSource effective November 1, 2024 and joined the Board as a Director from September 1, 2024. Hanré has extensive experience in the global natural resources industry gained over the last 25 years and joined NextSource from Sasol Limited where he was Chief Financial Officer and Executive Director.
A British and South African national, Hanré has held senior positions in leading global mining and investment companies where his roles involved business development, M&A, capital markets, asset management and business optimization. Mr. Rossouw graduated from Oxford University with a Master's degree in Business Administration and also holds a Bachelor of Engineering degree in Chemical Engineering and a Bachelor of Commerce (Hons) degree in Economics.
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 (TSX) under the symbol "NEXT" and on the OTCQB under the symbol "NSRCF".
For further information about NextSource please visit our website at www.nextsourcematerials.com or contact us:
Investors: Brent Nykoliation Executive Vice President +1.416.364.4911
brent@nextsourcematerials.com or Hanré Rossouw, President & CEO
hanre@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 commercial sales, commissioning and achievement of nameplate capacity, 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.
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