Mr. Brent Nykoliation reports

NEXTSOURCE MATERIALS ANNOUNCES RESULTS OF 2025 ANNUAL MEETING OF SHAREHOLDERS

NextSource Materials Inc. has released the results of the annual meeting of shareholders of the company held virtually at 8 a.m. ET on Dec. 30, 2025.

AGM results

The final voting results of the meeting are set out below.

Election of directors. The company's shareholders elected each of the nominees as directors to serve until the next annual meeting of shareholders, or until their respective successors are elected or appointed. The attached table sets forth the voting results with respect to the election of directors.

2. Appointment of auditor. The company's shareholders approved the appointment of PricewaterhouseCoopers LLP, chartered professional accountants, as the company's auditor for the fiscal year ending June 30, 2026, and that the board of directors is authorized to fix their remuneration. The attached table sets forth the voting results with respect to the appointment of PricewaterhouseCoopers.

A total of 101,161,308 common shares equivalent to 54.7 per cent of the common shares entitled to vote were represented in person or by proxy at the meeting.

About NextSource Materials Inc.

NextSource Materials is a battery materials company based in Toronto, Canada, that is intent on becoming a vertically integrated global supplier of battery materials through the mining and value-added processing of graphite and other minerals.

The company's Molo graphite project in Madagascar is one of the largest known and highest-quality graphite resources globally, and the only one with SuperFlake graphite. The Molo mine has begun production through phase 1 mine operations.

The company is also developing a significant downstream graphite value-add business through the staged rollout of battery anode facilities (BAF) capable of large-scale production of coated, spheronized and purified graphite for direct delivery to battery and automotive customers, in a fully transparent and traceable manner. The company is now in the process of developing its first BAF in the UAE.

We seek Safe Harbor.