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NextSource Materials Inc T.NEXT

Alternate Symbol(s):  NSRCF

NextSource Materials Inc. is a Canada-based battery materials development company. The Company is focused on supplying battery materials through the mining and value-added processing of graphite and other minerals. Its segments include mine development and BAF development. The Company’s principal business is the development of the Molo Graphite Mine (the Molo Mine) located near the town of Fotadrevo in the Province of Toliara, Madagascar. The Molo Mine has a production capacity of 150,000 tons per annum (tpa) of SuperFlake graphite concentrate. The Company is also developing a downstream graphite value-added 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. It also owns the Green Giant Vanadium Project, located in Madagascar, and the Sagar Project, located in Quebec, which are at the exploration and evaluation stage.


TSX:NEXT - Post by User

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Post by FerrariPalmbeacon Jan 29, 2018 6:44pm
101 Views
Post# 27458574

From the 2017 Consulting Agreement Marc Johnson

From the 2017 Consulting Agreement Marc JohnsonCompensation (1) The fixed compensation payable for the Services of the Executive shall be paid to the Contractor at regular intervals in accordance with the policies of the Company as established from time to time but not less than monthly, commencing at the rate of one hundred and eighty thousand ($180,000.00) Dollars per annum, subject to periodic adjustments as may be agreed by the Parties, less applicable deductions and withholdings. (2) In addition, the Contractor is eligible for performance bonuses by the Company upon the achievement of certain performance objectives by the Executive as may be determined by the Compensation Committee of the Companys Board of Directors in its discretion from time to time. (3) Without limiting the generality of the foregoing, periodic bonuses shall also be paid in the amounts stated hereafter upon the achievement and completion of the following milestones: Milestones Bonus (a) Share consolidation completed $5,000.00 (b) Redomicile Project to Non-USA jurisdiction $20,000.00 (c) Commencement of mining and commissioning of processing plant (after 6 mos.) $50,000.00 6. Benefits
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