NextSource Materials Inc. Now Trading Under New Symbol on the United States OTC Venture Market
TORONTO, Jan. 11, 2018 (GLOBE NEWSWIRE) -- NextSource Materials Inc. (TSX:NEXT) (OTCQB:NSRCF) ("NextSource" or the "Company") announces that effective immediately, the Company's stock (ticker) symbol on the United States OTC Venture Market ("OTCQB") has changed from "NSRC" to "NSRCF".
As a result of the new symbol change on the OTCQB, the Company's common stock has been assigned a new CUSIP number of 65343M100 (ISIN: CA65343M1005). These changes are in connection with the recent redomicile of the Company from Minnesota into Canada under the Canada Business Corporations Act ("CBCA") that was effective December 27, 2017.
There is no change to the Company's stock symbol on the Toronto Stock Exchange ("TSX"), where the shares continue to trade under the symbol "NEXT".
TEMPORARY INTERRUPTION IN ELECTRONIC TRADING
Changes in the CUSIP number can cause a temporary interruption in electronic trading in the United States and/or with the Depository Trust Company. The Company encourages any stockholders who have concerns in this regard to contact their respective broker or agent.
MINE DEVELOPMENT PLANS
As announced in the Company's June 2017 Feasibility Study, Phase I of the Molo Project will be a full-scale mine with a production rate of 17,000 tonnes per annum ("tpa") of SuperFlake® graphite concentrate and with a mine life exceeding 30 years. The mine capital cost is estimated at US$18.4 million and with a build time of only 9 months. Phase I production is currently targeted for late 2018 and is subject to mine financing. Phase II of the Molo mine will consist of an expansion to over 51,000 tpa and will be implemented as soon as market demand supports such an expansion.
Due to NextSource using a unique, fully-modular build approach, the Molo Project will have the lowest capital cost of any proposed or competing graphite mine. The Molo Project is also verified to have one of the lowest operating costs in the industry, based on a full-cost CIF-basis.
ABOUT NEXTSOURCE MATERIALS INC.
NextSource Materials Inc. is a mine development company based in Toronto, Canada, that is developing its 100%-owned Molo Graphite Project in southern Madagascar to expected production in 2018. The Molo Graphite Project is a feasibility-stage, shovel-ready project and ranks as one of the largest-known and highest quality flake graphite deposits in the world and the only project with SuperFlake® graphite.
For further information contact: +1.416.364.4911
Brent Nykoliation, SVP, Corporate Development at firstname.lastname@example.org or
Craig Scherba, President and CEO at email@example.com
Safe Harbour: This press release contains statements that may constitute "forward-looking statements" within the meaning of applicable Canadian and United States securities legislation. Readers are cautioned not to place undue reliance on such forward-looking statements. Forward-looking statements include, but are not limited to, the trading of the Company's shares on the TSX and OTCQB, the change to the Company's new trading symbol on the OTCQB and execution thereof, the results of the updated Feasibility Study, the results of the previous 2015 Molo Feasibility Study, funding of the development of the Molo Project, implementation and commencement of the build-out of the Molo Project, commencement of production at the Molo Project, commencement of procurement for mine infrastructure, the procurement of equipment to construct a mine, value engineering, any and all product test results and product analysis, and the permit application and the Company's status as a foreign private issuer and the consequences thereof, including the disclosure requirements the Company expects not to be applicable to it or its insiders and the forms it expects to file henceforth. These are based on current expectations, estimates and assumptions, and although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, actual results or developments may vary and in some instances differ materially from those anticipated by the Company and described in the forward-looking statements contained in this press release. No assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur or, if any of them do so, what benefits the Company will derive there from. The forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: NextSource Materials Inc. via Globenewswire
Om Nasdaq GlobeNewswire
One Liberty Plaza - 165 Broadway
NY 10006 New York
+1 212 401 8700http://www.nasdaqomx.com
NASDAQ (NASDAQ: NDAQ) is a leading provider of trading, exchange technology, information and public company services across six continents.
Følg saker fra Nasdaq GlobeNewswire
Registrer deg med din epostadresse under for å få de nyeste sakene fra Nasdaq GlobeNewswire på epost fortløpende. Du kan melde deg av når som helst.
Siste saker fra Nasdaq GlobeNewswire
Track Your PR Results With Tribe Builder Media’s New Analytics Software23.10.2018 23:15 | Pressemelding
Tribe Builder Media now provides its clients with comprehensive AI and data-science backed tools to leverage publicity and build business. New York, NY, Oct. 23, 2018 (GLOBE NEWSWIRE) -- Danielle Sabrina, founder of Tribe Builder Media and one of CIO’s 2018 Female Entrepreneurs to Follow, has announced the rollout of the company’s comprehensive analytics software -- taking this proven results-driven media agency to the next level. With team members coming from backgrounds in journalism, linguistics and digital marketing, Tribe Builder Media has over a 90% success rate getting clients featured in top-tier publications. They develop top-notch thought leadership and provide insight beyond best-guess metrics like ad equivalency and reach/readership to prove tangible impact. The agency’s foundation of artificial intelligence and machine learning offers infinite ways to segment, break down, and compare coverage exactly how clients need it in real time. Tribe Builder Media’s new software feat
Glatfelter’s Composite Fibers Business Unit Announces 7% Price Increase23.10.2018 16:37 | Pressemelding
GERNSBACH, Germany, Oct. 23, 2018 (GLOBE NEWSWIRE) -- Glatfelter (NYSE: GLT) announced today its Composite Fibers Business Unit will increase prices by 7% for all its products, effective November 19, 2018. The decision is a direct result of substantial and ongoing global price increases for key raw materials including pulp, synthetic fibers, viscose and other chemicals. Furthermore, the Company does not see any near-term relief from this input cost inflation. Escalating energy and transportation costs further compound the inflationary situation. “Glatfelter has made extensive efforts to reduce costs and increase efficiency,” said Martin Rapp, Senior Vice President and Business Unit President, Composite Fibers. “However, these initiatives alone are not enough to offset the impact of the external pressures. Therefore, we are implementing price adjustments to ensure our continued ability to supply best-in-class products, innovation and service.” About Glatfelter Glatfelter is a leading gl
Elite Capital & Co. Limited Awarded the “Best Project Management & Finance Company UK 2108” by Global Banking & Finance Review23.10.2018 16:10 | Pressemelding
LONDON, Oct. 23, 2018 (GLOBE NEWSWIRE) -- Mr. George Matharu, President of Elite Capital & Co. Limited (ECC), announced today that the success of being in the Global Banking & Finance Review Magazine’s 2018 Awards List was the result of enormous effort and teamwork within the company since it was founded in 2012. These Awards were established to reward excellence and recognize best practice and innovation across the Worldwide business community. Global Banking & Finance Review celebrate those who have attained the peak of achievement in terms of distinction and market influence. The list mirrors the nominations, suggestions and contributions of the readership and analyses new trends to uncover the best and the brightest pioneers in business today. This is recognition of ECC’s drive to design solutions for clients after they have exhausted traditional funding sources and methods. Elite Capital & Co. Limited is a private limited company that provides project related services including Ma
Aryaka Announces Expanded Cloud Offerings with Oracle FastConnect23.10.2018 15:00 | Pressemelding
Global enterprises can combine fast deployment, application performance, and security in a fully-managed service with direct connections to Oracle Cloud Infrastructure SAN MATEO, Calif., Oct. 23, 2018 (GLOBE NEWSWIRE) -- Aryaka®, a leading global SD-WAN provider and Silver level member of Oracle PartnerNetwork (OPN), today announced it will offer dedicated and private access to the Oracle Cloud through Oracle Cloud Infrastructure FastConnect. With Aryaka’s SD-WAN as a Service and Oracle Cloud Infrastructure FastConnect, enterprises can now access their applications in the Oracle Cloud through private connections facilitated by Aryaka. Using Aryaka’s software-defined private network results in higher reliability, faster application performance, lower latencies, and higher security than typical connections over MPLS or the public Internet. Support for Oracle Cloud Infrastructure FastConnect is an integral part of Aryaka’s SD-WAN for Multi-Cloud solution which allows customers to connect
Compuware and CollabNet VersionOne Announce Integration of ISPW and Continuum23.10.2018 15:00 | Pressemelding
Partnership Enables Value Stream Management with Unified View of Cross-Platform Development and Deployment Application Development and Delivery Professionals are under pressure to track the progress of code deliverables across the DevOps lifecycle based on their value to the business. Large enterprises are additionally seeking increased visibility and control over agile development work across all platforms—from inception to delivery. The integration of ISPW, Compuware’s DevOps-enabled source code management solution for the mainframe, and CollabNet VersionOne’s Continuum release delivery platform, will serve this customer need. LAS VEGAS, Oct. 23, 2018 (GLOBE NEWSWIRE) -- Compuware and CollabNet VersionOne today announced the completed integration of their respective products, ISPW and Continuum. The companies previously announced they were partnering to help large enterprises unify their Value Stream Management (VSM) by incorporating their critical mainframe software development acti
Hitachi Vantara Completes REAN Cloud Acquisition23.10.2018 15:00 | Pressemelding
Deal Strengthens Hitachi Vantara’s Ability To Accelerate Customers’ Digital Transformation Journeys SANTA CLARA, Calif., Oct. 23, 2018 (GLOBE NEWSWIRE) -- Hitachi Vantara, a wholly owned subsidiary of Hitachi, Ltd. (TSE: 6501), today announced the completion of its acquisition of REAN Cloud LLC, a global cloud systems integrator, managed services provider and solutions developer of cloud-native applications across big data, machine learning and emerging internet of things (IoT) spaces. Through this acquisition, Hitachi Vantara gains critical capabilities and industry-leading expertise in cloud migration and modernization, instantly elevating its cloud offering portfolio and managed services capabilities. Directly complementing the strength of its Hitachi Enterprise Cloud (HEC) and on-premises deployments, Hitachi Vantara’s solutions offer unified cloud management for workloads across public, private and hybrid cloud environments. By combining REAN Cloud’s expertise in public cloud and
I vårt presserom finner du alle våre siste saker, kontaktpersoner, bilder, dokumenter og annen relevant informasjon om oss.Besøk vårt presserom