 Sir Mick Davis, former CEO of Xstrata Plc, has been appointed Chair of the Board effective immediately Completed initial private placement of US6.1M, which forms the first part of the previously announced Total Financing Package of US29.5M to fully fund the construction of the Companys Molo graphite mine in Madagascar committed by Vision Blue Resources Limited, a newly created battery commodityresource-focused investment company founded by Sir Mick Davis Proceeds of initial private placement to be used to fast-track completion of two technical studies to confirm the capital and operating costs for the next phase of mine expansion, and to construct a value-added graphite processing plant to produce SPG spheronized, purified graphite for lithium-ion batteries in electric vehicles TORONTO , ON ACCESSWIRE March 15, 2021 NextSource Materials Inc. TSX:NEXTOTCQB:NSRCF NextSource or the Company is pleased to announce the appointment of Sir Mick Davis, former CEO of Xstrata Plc, as Chair of the Board and the closing of the first tranche of a non-brokered private placement the Initial Private Placement of common shares of the Company previously announced on February 8, 2021. The Initial Private Placement is the first part of the previously announced Total Financing Package of US29.5 million committed by Vision Blue Resources Limited Vision Blue, a newly created battery commodityresource-focused private investment company founded by Sir Mick Davis. 