NextSource Materials Inc 6-K, filed Dec 14, 2021
NextSource Materials Inc. (NSRCF)
6-K
2021-12-14
For: 2021-12-14
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April 12, 2026
About this 6-K
NextSource Materials Inc filed this 6-K on December 14, 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
period ended December 14,
2021
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
NextSource
Materials Inc. Press Release dated December 14,
2021
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:
December 14, 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 Announces Fabrication and
Assembly
of the Molo Graphite Mine Processing Plant has Been
Completed
and Factory Acceptance Testing Initiated
NEWS RELEASE – TORONTO, December 14,
2021
NextSource Materials Inc. (TSX:NEXT) (OTCQB:NSRCF)
(“NextSource” or the “Company”) is pleased
to announce that fabrication and assembly of the processing plant
for Phase 1 of the Molo Graphite Mine (the “Processing
Plant”) has been completed by our Engineering, Procurement
and Construction contractor (the “EPC Contractor”) in
their off-shore assembly facility and that Factory Acceptance
Testing has been initiated.
The
Processing Plant has been designed using an all-modular approach
and is capable of processing 240,000 tpa of ore and producing
approximately 17,000 tpa of high-quality SuperFlake® graphite
concentrate. The Processing Plant will now undergo Factory
Acceptance Testing (“FAT”) to validate the proper
operation of the equipment and ensure that all design
specifications and operational requirements have been
achieved.
President
and CEO, Craig Scherba commented,
“We have reached yet another major milestone with the
completion of the fabrication and assembly of the Molo processing
plant. The various challenges associated with the construction of a
mine during a global pandemic have been greatly mitigated due to
NextSource adopting a modular construction philosophy and because
of the extremely hard work and perseverance of our technical
teams.”
FAT is
the final and important assembly validation step that simulates and
tests the end-to-end functional operation of the Processing Plant
in a controlled engineering environment. Once all design
specifications and functions have been verified, the Processing
Plant will be containerized and shipped to the mine site for
installation.
The FAT
process is being overseen by the Company’s EPC Contractor and
SGS, the world-leader in testing, inspection and process
certification. SGS designed the process flow sheet for the
Processing Plant, which was based on their previous design and
operation of our 200-tonne bulk sample pilot plant in
2015.
The
Processing Plant is expected to be delivered to the mine site by
the end of Q1 2022, followed by installation and commissioning in
Q2 2022. The EPC Contractor and SGS will then perform Site
Acceptance Testing prior to completing the commissioning
process.
Phase 1
of the Molo Graphite Mine is fully funded and when commissioned,
Molo will become one of the few operating graphite mines outside of
China.
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 and technology materials needed
to power the sustainable energy revolution.
The
Company’s Molo graphite project in Madagascar is one of the
largest known and highest-quality graphite deposits globally, and
the only one with SuperFlake® graphite. Construction of
Phase 1 of the Molo Project is underway, with commissioning
expected in mid 2022.
NextSource
Materials is listed on the Toronto Stock Exchange (TSX) under the
symbol “NEXT” and on the OTCQB under the symbol
“NSRCF".
Safe Harbour: 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 the timing of the re-assembly
and commissioning of the Molo Plant, completion of FAT,
collaboration agreements to build a value-added CSPG (anode)
facility, time to commissioning the BAF, the demand for EVs, the
use of SuperFlake®, successful and on-budget construction of
the Molo Graphite Project, CSPG plant and BAF, sourcing the funds
needed to construct the BAF, expansion of the BAF, estimated future
production from the Molo Graphite Project, completion of the study
relating to the BAF, and the continuation of the supply
relationships of the Partners. 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 as a result
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.
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