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TORONTO, ON / ACCESSWIRE / December 6, 2024 / 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 Results
The final voting results of the Meeting are set out below:
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Election of Directors. The Company's shareholders elected each of the nominees as directors to serve until the next annual meeting of shareholders, or until their respective successors are elected or appointed. The following table sets forth the voting results with respect to the election of directors:
| Nominee | For | Against |
| Sir Mick Davis | 99.9% | 0.1% |
| Martina Buchhauser | 99.8% | 0.2% |
| Christopher Kruba | 99.9% | 0.1% |
| Ian Pearce | 99.9% | 0.1% |
| Craig Scherba | 99.9% | 0.1% |
| Brett Whalen | 99.9% | 0.1% |
| Hanré Rossouw | 99.8% | 0.2% |
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Appointment of Auditor. The Company's shareholders approved the appointment of PricewaterhouseCoopers LLP, Chartered Professional Accountants, as the Company's auditors for the fiscal year ending June 30, 2025 and that the Board of Directors is authorized to fix their remuneration. The following table sets forth the voting results with respect to the appointment of PricewaterhouseCoopers LLP:
| For | Withheld |
| 98.7% | 1.3% |
A total of 109,240,118 common shares equivalent to 59.5% of the common shares entitled to vote were represented in person or by proxy at the Meeting.
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.
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".