Business
Former Vice President & Portfolio Manager of Goodman & Company Joins Board of NextSource Materials
TORONTO, ON / ACCESSWIRE / July 20, 2020 / NextSource Materials Inc.'s (TSX:NEXT)(OTCQB:NSRC...
About this update from Nextsource Materials Inc
[{"type":"text","content":"Former Vice President & Portfolio Manager of Goodman & Company Joins Board of NextSource MaterialsTORONTO, ON / ACCESSWIRE / July 20, 2020 / NextSource Materials Inc.'s (TSX:NEXT)(OTCQB:NSRCF) (\"NextSource\" or the \"Company\") Molo Graphite Project in Madagascar is in the final stages of development and ranks as one of the largest-known and highest quality flake graphite deposits in the world.As part of NextSource's ongoing strategy to continually strengthen and enhance the Company's operating capabilities and capital markets exposure, the Company is pleased to announce that Mr. Brett Whalen, CFA, has joined the Board effective immediately.Mr. Whalen has over 20 years of investment banking and M&A expertise, spending over 16 of those years at Dundee Corporation (\"Dundee Corp.\"). During his tenure at Dundee Corp., Mr. Whalen was directly involved in completing approximately $2 billion in M&A deals and helped raise over $10 billion dollars in capital for resource sector companies.While a Vice President and Portfolio Manager of Goodman and Company (a division of Dundee Corp.), Mr. Whalen oversaw an investment of $6.0 million into NextSource enabling the Company to achieve key technical milestones, notably the completion of its July 2017 Phase One Feasibility Study and the concept and design of the full modular build approach NextSource will be utilizing for construction of both Phase One and Phase Two of the Molo mine. Mr. Whalen has held Board seats of several TSX-listed and privately held companies and holds a BA (Honours) degree in Economics and Finance from Wilfrid Laurier University.Extensive Knowledge in the Graphite and Battery Materials SectorsMr. Whalen has extensive knowledge of graphite and vanadium and the battery materials industry in general, where it is widely recognized by industry analysts that the aggressive growth forecasts for graphite in high-quality steel applications and especially for use in batteries for electric vehicles and renewable energy storage systems, will require significant supply of high-quality graphite for these applications. As the world's consumption of graphite as a strategic battery (anode) material is forecast to go much higher, there is going to be significant strain on non-Chinese sourced supply of flake graphite as a feedstock for battery anodes required in electric vehicles...