NextSource Materials Inc. (OTCQB:NSRCF) Q2 2025 Earnings Conference Call February 17, 2025 11:00 AM ET
Company Participants
Hanré Rossouw – President and CEO
Jaco Crouse – CFO
Brent Nykoliation – EVP
Conference Call Participants
Greg Jones – BMO Capital Markets
Operator
Welcome to NextSource Materials, Inc. Second Quarter 2025 Investor Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the verbal update. [Operator Instructions] Please note, this conference is being recorded.
I will now turn the conference over to your host, Hanré Rossouw, President and CEO of NextSource Materials. Mr. Rossouw, you may begin.
Hanré Rossouw
Thank you, operator. I’m clearly very excited to start the call. Good morning, ladies and gentlemen. I’m pleased to present an overview of our performance, for the first two quarters of our financial year ’25, which of course marks the first six months of the year up to the end of December 2024. Our diligent efforts in project development, and financial management have yielded positive progress, enabling us to navigate the current market challenges effectively.
I began my tenure as CEO in November last year, and I’ve been impressed by the strength of our team, and confident in reiterating our clear strategy. During this call today, I will provide a brief overview of our progress during the last six months, as well as the key objectives for the rest of the year. I will then ask our CFO, Jaco Crouse to provide a financial overview, including comments on our liquidity position and capital allocation.
Perhaps first, as background to the results, we continue to experience as in the last two years, a graphite market in oversupply and with growing competition, especially from synthetic graphite. Natural graphite prices declined in calendar year 2024, driven by weaker than expected EV demand, and market flooding by China. The
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