BRIEF

on NextSource Materials Inc. (isin : CA65343M1005)

NextSource Materials Appoints New CEO to Propel Growth

NextSource Materials Inc. has officially welcomed Hanré Rossouw as its new President and CEO. His tenure commenced on November 1, 2024, in Madagascar, where he will oversee the Molo graphite mine operations. The transition coincides with the completion of the company's first commercial graphite shipment and income generation from US and European sales.

Craig Scherba, the former CEO, remains a pivotal figure, transitioning to Chief Development Officer. His new role focuses on strategy development and international partnerships. This leadership change occurs as NextSource advances its battery anode facilities strategy to serve global electric vehicle markets.

Chairman Sir Mick Davis expressed confidence in Rossouw's leadership, anticipating further integration within the graphite supply chain. Rossouw aims to boost Madagascar's role in the global sustainable energy landscape, ensuring alignment with strategic partners.

R. H.

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