NextSource Materials Inc 6-K, filed Jul 14, 2021
NextSource Materials Inc. (NSRCF)
6-K
2021-07-14
For: 2021-07-14
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April 12, 2026
About this 6-K
NextSource Materials Inc filed this 6-K on July 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
month of July,
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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Exhibits
Press release dated
July 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:
July 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 Appointment of Leading Mining
Executive and Former CEO of Xstrata Nickel to its Board of
Directors
as it Advances its Vertically Integrated Mine Strategy
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Mr. Ian Pearce, a
leading global mining executive, former CEO of Xstrata Nickel and
the founding partner of X2 Resources has joined the Board of
NextSource Materials
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Mr. Pearce comes
with more than 40 years of mining experience with major global
producers and brings a unique combination of mine construction and
operations expertise, coupled with in-depth Environmental, Social
and Corporate governance (“ESG”) experience. He
presently serves as a director and chair on Governance, Technical
& Sustainability committees for several global mining
producers.
NEWS RELEASE – TORONTO, July 14,
2021
NextSource Materials Inc. (TSX:NEXT) (OTCQB:NSRCF)
(“NextSource” or the “Company”) is pleased
to announce the appointment of Mr. Ian Pearce to its Board
effective July 14, 2021. Mr. Pearce will be a valuable addition to
NextSource as it prepares for mine commissioning in April 2022
while simultaneously advancing its lithium-ion battery anode
facility (“BAF”) as part of its strategic partnership
with the current processors of the Tesla supply chain, as announced
on April 12, 2021.
Mr.
Pearce is the former CEO of Xstrata Nickel, and prior to that was
the former COO of Falconbridge Limited, which was acquired by
Xstrata Plc in 2006. Xstrata Plc’s acquisition of
Falconbridge was one of the largest mining takeovers globally and
one of the largest takeover bids in Canadian history.
Mr.
Pearce was also a founding partner of X2 Resources who, along with
Sir Mick Davis, made up the team of six ex-Xstrata executives who
formed the mid-tier diversified mining and metals company. He
currently serves as a director for several global companies in the
mining and metals, energy, and sustainability
industries:
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Mining and metal
producers Newgold Inc. (Chair) and Nexa Resources
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Northland Power
Inc., one of Canada’s first clean and green independent power
producers
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Metso Outotec, a
leading sustainable technology, and mining services provider based
in Helsinki, Finland that ranks 8th on the 2021 Global 100 list of
the world’s most sustainable companies.
Mr.
Pearce previous served as Chair of the Mining Association of Canada
and Chair of the Nickel Institute. He holds a BSc from the
University of the Witwatersrand, South Africa and a HNDT in Mineral
Processing from the University of Johannesburg, South
Africa.
Sir
Mick Davis, Chair of NextSource Materials commented:
“On behalf of the Board, I am delighted to welcome Ian to the
NextSource team. I have had the privilege of working with him
during our time together at Xstrata and X2 Resources. With his
extensive mining operations experience as well as his
environmental, sustainability and corporate governance expertise,
he will be an important addition to our team as we execute our
strategy to become a vertically integrated and global supplier of
critical battery materials that will power the world’s
transition to clean energy.”
To make
room for Mr. Pearce to join the NextSource Board, Dr. David McNeely
has submitted his resignation effective today. Dr. McNeely joined
the Board in January 2020 and brought vast expertise in
humanitarian and social responsibility best practices to the
Company, having worked extensively in causes which have underscored
the critical relationships between health and responsible
environmental stewardship, with a particular focus and a passion on
implementing clean energy initiatives and mining
practices.
Dr.
McNeely will remain a consultant to the Board and continue to
advise the Company in its transformation from a development company
to a future producer.
Craig
Scherba, NextSource President and CEO, stated:
“Dr. McNeely was integral in the Company’s
transformation from an exploration to a development company, and I
along with the entire team at NextSource want to thank him for his
tireless work facilitating that transition and we look forward to
Dr. McNeely’s continued work with Board in his advisory role.
The extensive ESG experience that Mr. Pearce brings will further
build upon the strong foundation that Dr. McNeely helped establish
regarding humanitarian and social responsibility, and will
synergistically complement the skills already within the
Board.”
ABOUT NEXTSOURCE MATERIALS INC.
NextSource
Materials Inc. is a battery 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 is one of the largest known and
highest-quality graphite deposits and the only one with
SuperFlake® graphite. Commissioning of Phase 1 of the
Molo mine is expected in Q2 2022.
NextSource
Materials is listed on the Toronto Stock Exchange (TSX) under the
symbol “NEXT” and on the OTCQB under the symbol
“NSRCF".
Please
see “Molo Feasibility Study, National Instrument 43-101
Technical Report on the Molo Graphite Project located near the
village of Fotadrevo in the Province of Toliara, Madagascar
Prepared by Erudite Strategies (Pty) Ltd” dated May 31, 2019
for certain other details and assumptions relating to the
parameters of the project, mineral resource and reserve estimates
and data verification procedures. Mr. Craig Scherba, P.Geo.,
President and CEO of NextSource, is the qualified person who
reviewed and approved the technical information provided in this
press release.
For
further information about NextSource visit our website at
www.nextsourcematerials.com or contact us a +1.416.364.4911 or
email Brent Nykoliation, Executive Vice President 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 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 in this
release include statements regarding, among others; the Molo
Graphite Project, successful and on-budget construction of the Molo
Graphite Project and SPG plant, estimated future production from
the Molo Graphite Project, completion of any technical studies and
expansion of the Molo Graphite Project, any and all other economic
and technical studies, graphite prices, project economics,
permitting, the development timeline and the graphite market. All
such forward looking statements are based on assumptions and
analyses made by management based on their experience and
perception of historical trends, current conditions and expected
future developments, as well as other factors they believe are
appropriate in the circumstances. However, these statements are
subject to a variety of risks and uncertainties and other factors
that could cause actual events or results to differ materially from
those projected including, but not limited to, unexpected changes
in laws, rules or regulations, or their enforcement by applicable
authorities; the failure of other parties to perform as agreed;
social or labour unrest; changes in commodity prices; unexpected
failure or inadequacy of infrastructure and the failure of ongoing
and contemplated studies to deliver anticipated results or results
that would justify and support continued studies, development or
operations.. 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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