NextSource Materials Continues to Strengthen Management Team, Appoints Industry Veteran to Head Up Global Anode Expansion

NextSource Materials Continues to Strengthen Management Team, Appoints Industry Veteran to Head Up Global Anode Expansion

NextSource Materials Inc. (TSX:NEXT)(OTCQB:NSRCF) ("NextSource" or the "Company") is pleased to announce the further strengthening of its management team to support the next phase of the Company's global growth strategy with the appointment of Dr. Tilo Hauke as Executive Vice President of Downstream Operations, effective October 1st, 2024

Dr. Hauke joins NextSource from FREYR Battery, a US and Norway-based lithium-ion battery cell developer, where he was Executive Vice President Supply Chain Management. Prior to FREYR Battery, Dr. Hauke spent 20 years at SGL Carbon SE, a European company that is one of the world's leading manufacturers of carbon & graphite products. At SGL Carbon, he held various senior leadership positions including Senior Vice President, Business Line Fuel Cell Components and Group Vice President, Technology and Innovation.

At NextSource, Dr. Hauke will oversee the Company's strategy to construct multiple Battery Anode Facilities (BAFs) for the production of commercial scale graphite anode material for lithium-ion batteries used in electric vehicles. The Company's planned series of BAFs will be strategically located globally and leverage NextSource's exclusive access to proprietary anode processing technology for the supply of anode active material to major EV automotive companies.

President and CEO, Craig Scherba, commented:

"I am delighted to welcome Tilo to NextSource to lead our global anode strategy as the Company advances to becoming a vertically integrated large-scale producer of value-added graphite products. We are excited by the huge scale of the opportunity presented by this rapidly growing market and the contribution Tilo can make to NextSource's objective of becoming an integrated, global supplier of critical battery and technology materials."

Dr. Hauke holds a Ph.D. in solid state physics from the University of Halle-Wittenberg and an MBA from the University of Augsburg/Pittsburgh.

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 under the symbol "NEXT" and on the OTCQB under the symbol "NSRCF".

Investors: Brent Nykoliation Executive Vice President +1.416.364.4911 brent@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 on-site construction 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.



View the original press release on accesswire.com

News Provided by ACCESSWIRE via QuoteMedia

NEXT:CA
NextSource Materials

NextSource Materials Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
NextSource Materials

NextSource Materials

NextSource Materials

NextSource Materials Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Graphite production at Molo mine with planned near-term downstream battery anode facility

NextSource Materials Announces Results of 2024 Annual Meeting of Shareholders

NextSource Materials Announces Results of 2024 Annual Meeting of Shareholders

NextSource Materials Inc. (TSX:NEXT)(OTCQB:NSRCF) ("NextSource" or the "Company") is pleased to announce the results of the Annual Meeting of Shareholders of the Company (the "Meeting") held virtually at 9:00 AM (Toronto time) on December 5, 2024 AGM ResultsThe final voting results of the... Keep Reading...
NextSource Materials Closes Final Tranche of Private Placement for Additional Gross Proceeds of CAD$720,800

NextSource Materials Closes Final Tranche of Private Placement for Additional Gross Proceeds of CAD$720,800

Not for distribution to U.S. news wire services or for dissemination in the United States or to a U.S. Person. NextSource Materials Inc. (TSX:NEXT)(OTCQB:NSRCF) ("NextSource" or the "Company") announces it has closed a second and final tranche of its previously announced non-brokered private... Keep Reading...
NextSource Materials Welcomes New President and CEO Hanré Rossouw to Deliver Next Phase of Growth

NextSource Materials Welcomes New President and CEO Hanré Rossouw to Deliver Next Phase of Growth

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... Keep Reading...
NextSource Materials Completes First Commercial Shipments of Graphite Concentrate to Germany and USA

NextSource Materials Completes First Commercial Shipments of Graphite Concentrate to Germany and USA

NextSource Materials Inc. (TSX:NEXT)(OTCQB:NSRCF) ("NextSource" or "the Company") is pleased to announce it has completed its first commercial shipments of SuperFlake® graphite concentrate from its Molo Graphite Mine (the "Molo mine") in southern MadagascarFull container loads of high-quality,... Keep Reading...
NextSource Materials Closes Private Placement for Gross Proceeds of CAD$14.7 Million

NextSource Materials Closes Private Placement for Gross Proceeds of CAD$14.7 Million

Not for distribution to U.S. news wire services or for dissemination in the United States or to a U.S. Person.NextSource Materials Inc. (TSX:NEXT)(OTCQB:NSRCF) ("NextSource" or the "Company") announces it has closed a non-brokered private placement offering of 27,728,100 common shares of the... Keep Reading...
Western Uranium & Vanadium Announces Upsize of Brokered LIFE Financing to $5.9 Million

Western Uranium & Vanadium Announces Upsize of Brokered LIFE Financing to $5.9 Million

October 9, 2025 THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR IMMEDIATE RELEASE. Western Uranium & Vanadium Corp. (CSE: WUC,OTC:WSTRF) (" Western " or the " Company ") is pleased to announce that, further to its news release... Keep Reading...
Trading Halt

Trading Halt

Altech Batteries (ATC:AU) has announced Trading HaltDownload the PDF here. Keep Reading...
Trading Halt

Trading Halt

Green Technology Metals (GT1:AU) has announced Trading HaltDownload the PDF here. Keep Reading...
Western Uranium & Vanadium Announces Brokered LIFE Financing of $5 Million

Western Uranium & Vanadium Announces Brokered LIFE Financing of $5 Million

THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES Western Uranium & Vanadium Corp. (CSE: WUC,OTC:WSTRF) (" Western " or the " Company ") is pleased to announce that it has entered into an engagement agreement with A.G.P. Canada... Keep Reading...
Altech - Spherical Coated Silicon Achieves 88.5% Retention

Altech - Spherical Coated Silicon Achieves 88.5% Retention

Altech Batteries (ATC:AU) has announced Altech - Spherical Coated Silicon Achieves 88.5% RetentionDownload the PDF here. Keep Reading...
Altech Batteries Ltd  Spherical Coated Silicon Achieves 88.5% Retention

Altech Batteries Ltd Spherical Coated Silicon Achieves 88.5% Retention

Perth, Australia (ABN Newswire) - Altech Batteries Limited (ASX:ATC,OTC:ALTHF) (FRA:A3Y) (OTCMKTS:ALTHF) is pleased to announce a major advancement in its Silumina Anodes(TM) Project, achieving the strongest battery cycling performance recorded to date for its proprietary alumina-coated... Keep Reading...
NextSource Materials

NextSource Materials Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News