NextSource Materials Inc. (T:NEXT)
Business Focus: Diversified Mining
| Sector: Basic Materials | Industry: Diversified Mining |
| Company Contact | |
| Address: | Exchange Tower 130 King Street West, Suite 1940 TORONTO ON M5X 2A2 |
| Tel: | N/A |
| Website: | https://www.nextsourcematerials.com |
| IR: | See website |
| Key People | ||
| Craig S. Scherba President, Chief Executive Officer, Director | Marc Johnson Chief Financial Officer | Johnny A. Velloza Interim Chief Operating Officer |
| Brent A. Nykoliation Executive Vice President - Corporate Development | Danniel Stokes Vice President - Special Projects | |
| Business Overview |
| NextSource Materials Inc. is a Canada-based battery materials development company. The Company has two operating segments, consisting of mine development and the exploration and evaluation of mineral resources. It owns a owns a 100% interest in the Molo Graphite Mine (Molo) located in the Province of Toliara, Southern Madagascar. The Molo Graphite Mine project is located near the town of Fotadrevo in the Province of Toliara, Madagascar. The Molo Graphite Mine is subject to a 1.5% net smelter royalty. The Molo Graphite Project graphitic zone consists of multi-folded graphitic strata at surface with an exposed strike length of over two kilometers. The Company also owns the Green Giant Vanadium Project, which is located 15 kilometers from the Molo Graphite Project and hosts a large sedimentary-hosted vanadium deposit. The 100%-owned Green Giant Vanadium Project is an advanced-stage exploration project. |
| Financial Overview |
| For the six months ended 31 December 2023, NextSource Materials Inc revenues was not reported. Net loss decreased 55% to $4.3M. Lower net loss reflects Change in fair value of warrant derivati decrease from $2.8M (expense) to $0K, Impairment of VAT receivable decrease of 71% to $847K (expense), Foreign currency translation (gain) loss decrease of 60% to $684K (expense). |
| Employees: | 4 as of Jun 30, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $118.54M as of Dec 31, 2023 |
| Annual revenue (TTM): | $0.00M as of Dec 31, 2023 |
| EBITDA (TTM): | -$7.07M as of Dec 31, 2023 |
| Net annual income (TTM): | -$8.88M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$25.24M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 155,783,507 as of Feb 9, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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