NextSource Materials Announces CFO Transition

About this update from Nextsource Materials Inc

TORONTO, ON / ACCESS Newswire / March 2, 2026 / NextSource Materials Inc. (TSX:NEXT)(OTCQB:NSRCF) ("NextSource" or the "Company") announces that Mr. Jaco Crouse has resigned from his position as Chief Financial Officer after accepting a senior role with another organization. Mr. Crouse will remain employed by the Company for a transition period of up to four months to support an orderly handover of responsibilities. Mr. Crouse has served as Chief Financial Officer since 2024, during which time he played a key role in strengthening the Company's financial discipline, supporting capital markets activities, and advancing NextSource's development strategy. The Company thanks Mr. Crouse for his contributions and wishes him success in his new role. The Company is working with Mr. Crouse to ensure an orderly and comprehensive handover of responsibilities. As part of a structured succession planning approach, the Board will coordinate with external advisors to progress the search for a new Chief Financial Officer. Interim arrangements will be communicated as appropriate. Hanré Rossouw, President and CEO of NextSource, commented: "On behalf of the Board and management team, I would like to thank Jaco for his contribution and commitment during a critical period of growth and transformation for NextSource. We appreciate his support in ensuring a smooth transition and wish him every success in his next chapter." The Company remains focused on executing its strategic priorities, including advancing its Battery Anode Facility development, progressing toward Final Investment Decision, and delivering on its integrated battery materials strategy. About NextSource Materials Inc. NextSource Materials Inc. is a battery materials 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 through Phase 1 mine operations. NextSource's corporate presentation can be accessed and downloaded here. The Company is also developing a significant downstream graphite value-add business through the stage...

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