NextSource Materials Inc 6-K, filed Mar 4, 2021
NextSource Materials Inc. (NSRCF)
6-K
2021-03-04
For: 2018-08-20
View Original
Added on
April 12, 2026
About this 6-K
NextSource Materials Inc filed this 6-K on March 4, 2021.
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 or 15d-16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934
For the
month of August,
2018
Commission
File Number 000-51151
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NEXTSOURCE MATERIALS INC.
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(Translation
of registrant’s name into English)
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1940-130 King Street West Toronto, Ontario, Canada M5X
2A2
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(Address
of principal executive office)
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Indicate
by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F
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Form
20-F
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☒
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Form
40-F
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☐
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Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule
101(b)(1):
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Yes
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☐
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No
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☒
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Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule
101(b)(7):
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Yes
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☐
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No
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☒
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Exhibits
Press release dated
August 20, 2018 announcing completion of non-brokered private
placement.
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
Dated:
March 4, 2021
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NEXTSOURCE MATERIALS INC.
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/s/ Marc
Johnson
Marc
Johnson
Chief
Financial Officer
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Exhibit 99.1
NextSource
Materials Completes Non-Brokered Private Placement
Use
of Funds to Satisfy Advanced Battery Anode and Foil Application
Test Requests
TORONTO, Aug. 20,
2018 -- NextSource Materials Inc. (TSX:NEXT) (OTCQB:NSRC)
(“NextSource” or the “Company”) announces
it has completed a non-brokered private placement offering (the
“Offering”) of 21,659,270 units (the
“Units”) at a price of CAD$0.07 per Unit for gross
proceeds of CAD$1,474,149.
The Offering received substantial support from existing
shareholders of the Company and included participation by
management and directors of NextSource.
Each
Unit consists of one common share of the Company and one-half
common share purchase warrant (a “Warrant”), with each
Warrant entitling the holder to acquire one additional common share
of the Company at a price of CAD$0.10 per share for a period of 24
months.
Use
Of Proceeds
The net
proceeds of the Offering will enable NextSource to satisfy specific
requests by two major international graphite buyers to complete
advanced testing requirements on a bulk sample of the
Company’s SuperFlake® graphite concentrate for battery
anode and expanded graphite foil applications. The net proceeds
will also be used for general and administrative
expenses.
The
bulk samples will be prepared and processed to the requested test
specifications at SGS Minerals (Lakefield) Canada and under the
supervision of Mr. Oliver Peters M.Sc., MBA, P.Eng., senior
metallurgical and process consultant at SGS Minerals (Lakefield)
Canada (“SGS”).
Mr.
Peters was the head process engineer for NextSource’s 2015
pilot plant operation at SGS, which is the largest known pilot
plant operation completed by any junior graphite company globally
to date. Over 200 tonnes of Molo ore was processed during the pilot
plant operation, creating 13 tonnes of high quality,
SuperFlake® graphite concentrate that was used to develop the
process flowsheet for the Molo mine and to provide substantial and
representative “run-of-mill” bulk tonnage samples for
evaluation by graphite offtakers.
As
detailed in the Company’s June 2017 Feasibility Study,
NextSource’s SuperFlake® graphite concentrate can
achieve 98% carbon purity with standard mineral processing
(flotation), has excellent thermal expansion, can be easily
upgraded to 99.97% purity (battery grade) and contains no
deleterious substances. The SuperFlake® graphite
concentrate’s flake size distribution is well above the
global average, with 46.4 percent being classified as the
premium-priced +80 (large), +65 (extra large) and +48 (jumbo) mesh
flake size. Specifically 23.6 percent of SuperFlake® graphite
concentrate is +48 mesh and greater in size.
As
previously reported, significant independent testing of the pilot
plant material already completed by various key global offtakers
and graphite end-users has confirmed that Molo SuperFlake®
graphite concentrate meets or exceeds quality requirements for all
major end markets for natural flake graphite - anode material for
lithium-ion batteries, refractories and specialty graphite foils.
Molo SuperFlake® has also been verified for graphene ink
applications.
All
securities issued in connection with the Offering will be subject
to a minimum four-month hold period as required by Canadian
securities laws.
The
Company has obtained conditional approval from the Toronto Stock
Exchange (the “TSX”) for the listing of all common
shares issued pursuant to the Offering. The Offering is subject to
receipt of final approval of the TSX.
Qualified
Persons
Mr.
Craig Scherba, P.Geo., President and CEO, is the qualified person
who reviewed and approved the technical information provided in
this press release.
About
NextSource Materials Inc.
NextSource
Materials Inc. is a mine development company based in Toronto,
Canada, that is developing its 100%-owned Molo Graphite Project in
southern Madagascar. The Molo Graphite Project is a
feasibility-stage, shovel-ready project that ranks as one of the
largest-known and highest quality flake graphite deposits in the
world and the only project with SuperFlake®
graphite.
For
further information contact: +1.416.364.4911
Brent
Nykoliation, SVP, Corporate Development at
brent@nextsourcematerials.com or Craig Scherba, President and CEO
at craig@nextsourcematerials.com
Safe Harbour: This press release contains statements that may
constitute “forward-looking statements” within the
meaning of
applicable Canadian securities legislation. Readers are cautioned
not to place undue reliance on such forward-looking statements.
Forward-looking statements include, but are not limited to, the
trading of the Company’s shares on the TSX and OTCQB, the
results of the updated 2017 Feasibility Study, the results of the
previous 2015 Molo Feasibility Study, any and all product test
results and product analysis. These are based on current
expectations, estimates and assumptions, and although the Company
believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, actual results or
developments may vary and, in some instances, 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 as a result of new
information, future events or otherwise, except as may be required
by applicable securities laws.