NSRCF 6-K
NextSource Materials Inc. (NSRCF)
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 March, 2021
Commission File Number 000-51151
| NEXTSOURCE MATERIALS INC. |
|---|
| (Translation<br>of registrant’s name into English) |
| 1940-130 King Street West Toronto, Ontario, Canada M5X<br>2A2 |
| --- |
| (Address<br>of principal executive office) |
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F
| Form<br>20-F | ☒ | Form<br>40-F | ☐ |
|---|
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):
| Yes | ☐ | No | ☒ |
|---|
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):
| Yes | ☐ | No | ☒ |
|---|
Exhibits
Grant of LTIP Awards.
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.
| NEXTSOURCE<br>MATERIALS INC. | ||
|---|---|---|
| Date: April 5,<br>2021 | By: | /s/ Marc Johnson |
| Marc<br>Johnson | ||
| Chief Financial<br>Officer |
nsrcf_ex991
Exhibit 99.1
On March 19, 2021, the Company granted 13,000,000 stock options to officers and directors exercisable at a price of CAD$0.36 for a period of three years. The stock options vested immediately.
On March 19, 2021, the Company awarded 1,500,000 restricted share units (RSUs) to directors that are convertible into common shares for no additional consideration that will vest upon obtaining shareholder approval of the second private placement at the Special Meeting of Shareholders on May 17, 2021.
On March 19, 2021, the Company awarded 1,250,000 restricted share units (RSUs) to officers that are convertible into common shares for no additional consideration that will vest on or before June 30, 2022 subject to achieving certain project milestones related to the Molo Graphite Mine in Madagascar.
On March 19, 2021, the Company awarded 2,000,000 restricted share units (RSUs) to officers that are convertible into common shares for no additional consideration that will vest on December 31, 2022.