Energizer Resources Inc. said April 7 that it will change its name to NextSource Materials Inc., effective April 19.

The company, which secured shareholder approval at an annual general meeting in December 2016, expects its shares to start trading on the Toronto Stock Exchange under the new ticker NEXT on April 24.

Energizer noted that it also applied for a new trading symbol for the U.S. OTC Market, with the new symbol and confirmed trading date pending.

The rebranding reflects the company's evolution from an exploration-stage to a mine development company as it nears completion of a detailed engineering study on its Molo graphite project in Madagascar.