NexGen Energy .(NXE)

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NexGen Energy .(NXE) - 2025 Q2 - Earnings Call Transcript
2025-08-07 13:32
Nexgen Energy (NXE) Q2 2025 Earnings Call August 07, 2025 08:30 AM ET Company ParticipantsLeigh Curyer - CEO & DirectorKatie Lachapelle - Managing Director - Equity ResearchTravis McPherson - Chief Commercial OfficerBrian Macarthur - Managing DirectorConference Call ParticipantsAndrew Wong - Equity Research Analyst - Fertilizers & UraniumRalph Profiti - MD & Senior Equity Research Analyst - Metals & MiningGeorge Ross - Research Analyst - Metals & MiningNone - AnalystOperatorThank you for standing by. This i ...
NexGen Energy .(NXE) - 2025 Q2 - Earnings Call Transcript
2025-08-07 13:30
Nexgen Energy (NXE) Q2 2025 Earnings Call August 07, 2025 08:30 AM ET Speaker0Thank you for standing by. This is the conference operator. Welcome to the NextGen Energy Second Quarter twenty twenty five Results Conference Call. As a reminder, all participants are in listen only mode, and the conference is being recorded. After the speakers' remarks, there will be a question and answer session at the end.I would now like to turn the conference over to Mr. Lee Courier, Chief Executive Officer and Director with ...
NexGen Energy to Host Q2 2025 Conference Call on Rook I Project Developments
Newsfile· 2025-08-01 10:30
NexGen Energy to Host Q2 2025 Conference Call on Rook I Project DevelopmentsAugust 01, 2025 6:30 AM EDT | Source: NexGen Energy Ltd.Vancouver, British Columbia--(Newsfile Corp. - August 1, 2025) - NexGen Energy Ltd. (TSX: NXE) (NYSE: NXE) (ASX: NXG) ("NexGen" or the "Company") is pleased to announce that the Company will host its 2025 second quarter conference call on Wednesday, August 7, 2025, at 8:30 am Eastern Standard Time. During the call, NexGen's Founder, President and Chief Executive O ...
NexGen Announces Final 2024 and New 2025 Assay Results at Rapidly Growing Patterson Corridor East (PCE)
Newsfile· 2025-07-29 10:30
Core Viewpoint - NexGen Energy Ltd. has announced promising assay results from its Patterson Corridor East (PCE) project, indicating high-grade uranium mineralization and significant potential for resource expansion in the region [2][4][5]. Group 1: Assay Results - The assay results from drill hole RK-25-227 show 12.0 meters at 3.46% U3O8, including 2.5 meters at 14.9% U3O8 and 0.5 meters at 31.0% U3O8, demonstrating the continuity of high-grade mineralization [3][6]. - Completed assays for 2024 include notable intercepts from holes RK-25-232 (15.0 meters at 15.9% U3O8) and RK-24-222 (17.0 meters at 3.85% U3O8) [6][12]. Group 2: Project Development - The PCE project is emerging as a second major high-grade mineralized system, mirroring the characteristics of the Arrow project, with ongoing drilling to explore the extent of the mineralization [4][5]. - The company aims to continue its efficient discovery and delineation of uranium resources, with a focus on expanding the PCE project [5][17]. Group 3: Market Context - The demand for nuclear power is increasing rapidly, driven by global policy makers and industries, positioning the Athabasca Basin as a key supplier for this demand [5][17]. - NexGen's Rook I Project is being developed to become the largest low-cost uranium mine globally, emphasizing environmental and social governance standards [17][18].
LEU vs. NXE: Which Uranium Stock is the Better Pick Now?
ZACKS· 2025-07-28 15:46
Core Insights - Centrus Energy (LEU) and NexGen Energy (NXE) are positioned to benefit from the global transition towards nuclear energy as a clean power source [1] - Uranium prices have recently declined, impacting the market, but the long-term outlook remains positive due to increasing demand for clean energy [3][4] Company Overview - Centrus Energy has a market capitalization of $4.1 billion and supplies nuclear fuel components internationally, while NexGen Energy, valued at $4.2 billion, is focused on developing the Rook I Project, which aims to be the largest low-cost uranium mine globally [2] - Centrus Energy's existing process buildings can host 3.5 million Separative Work Units (SWU) per year, with potential expansion to 7 million SWU per year [6] Financial Performance - Centrus Energy reported total revenues of $73.1 million in Q1 2025, a 67% year-over-year increase, with the LEU segment revenues surging 117% to $51.3 million [8] - NexGen Energy, still in the exploration stage, reported an adjusted loss of six cents per share in Q1 2025, compared to a loss of four cents in the previous year [16] Project Developments - NexGen's Rook I project is expected to produce up to 30 million pounds of uranium annually at a low cost of C$13.86, potentially tripling Canada's uranium output [13] - Centrus Energy has a $3.8 billion revenue backlog, including long-term contracts with major utilities through 2040 [11] Market Outlook - The U.S. government aims to quadruple domestic nuclear energy capacity by 2050, which is expected to drive long-term demand for uranium [4] - Centrus Energy's earnings growth has not kept pace with revenue growth, raising concerns about margin pressure [11][26] Valuation and Investment Considerations - Centrus Energy's shares have surged 261.8% year-to-date, while NexGen Energy's shares have gained 10.6% [22] - Centrus Energy is trading at a forward price-to-book multiple of 19.20X, while NexGen Energy's multiple is 5.43X, indicating better value for NexGen [23] - Centrus Energy is the only company licensed to produce High-Assay Low-Enriched Uranium (HALEU), providing a strategic advantage [26]
NexGen Solidifies 100% Ownership of Its Entire Land Package
Newsfile· 2025-07-24 10:30
Core Viewpoint - NexGen Energy Ltd. has exercised its Right of First Refusal to acquire a 10% production carried interest from Rio Tinto over 39 mineral claims, achieving 100% ownership of its portfolio, including the Arrow deposit [1][7]. Group 1: Company Actions - The acquisition allows NexGen to consolidate its portfolio in the Southwest Athabasca Basin, aligning with its strategic objective of becoming a leading uranium producer globally [2]. - The company has agreed to match a cash payment offered to Rio Tinto for the interest, although the terms remain confidential [1]. Group 2: Market Context - The uranium market is currently in a structural deficit, with significant commitments from tech companies for nuclear-powered AI data centers, highlighting the increasing demand for uranium [3]. - NexGen's uranium assets, including the Arrow and PCE deposits, position the company to meet the growing need for a secure supply of uranium from reliable jurisdictions [3]. Group 3: Historical Context - The 10% production carried interest from Rio Tinto was established before NexGen acquired the land package in 2012, allowing for a joint venture upon the commencement of commercial production [4].
NexGen Announces Voting Results for Election of Directors and Appoints Sharon Birkett to Its Board of Directors
Newsfile· 2025-06-18 10:30
NexGen Announces Voting Results for Election of Directors and Appoints Sharon Birkett to Its Board of DirectorsJune 18, 2025 6:30 AM EDT | Source: NexGen Energy Ltd.Vancouver, British Columbia--(Newsfile Corp. - June 18, 2025) - NexGen Energy Ltd. (TSX: NXE) (NYSE: NXE) (ASX: NXG) ("NexGen" or the "Company") is pleased to announce the voting results for the election of the Company's Board of Directors and the appointment of Sharon Birkett to the Company at its annual general and special meetin ...
NexGen Releases 2024 Sustainability Report
Newsfile· 2025-06-16 10:30
Core Viewpoint - NexGen Energy Ltd. has released its 2024 Sustainability Report, highlighting significant achievements in environmental, social, and governance (ESG) practices while advancing its Rook I Project, which is set to be the world's largest high-grade uranium project [1][2]. Group 1: Sustainability and Environmental Achievements - The 2024 Sustainability Report marks the fifth year of reporting on the company's ESG profile, aligning with Global Reporting Initiative (GRI) Standards and the Task Force on Climate-related Financial Disclosures (TCFD) [1][11]. - NexGen completed a historic regulatory milestone by finishing the Canadian Nuclear Safety Commission (CNSC) Environmental Assessment technical review, the first for a greenfield uranium mine in Canada in 20 years [3]. - The company minimized its environmental footprint during exploration, achieving a 73% reduction in overall land disturbance and reclaiming 83% of land disturbed by exploration activities in 2024 [8]. Group 2: Community Engagement and Economic Impact - NexGen received the 2024 ABEX Community Involvement Award for its commitment to building resilient communities through innovative programs [4]. - The company exceeded its employment and procurement targets, with 82% of Rook I site employees being local residents and 94% of cash expenditure awarded to local suppliers [6]. - An economic impact study forecasts a total economic impact of $37 billion to Saskatchewan and Canada over the development and 11-year production period, with an average of 1,400 annual jobs [9]. Group 3: Training and Development Initiatives - The company launched the 'Pathways to Your Future' career development program, equipping over 500 local participants with essential skills for careers in uranium mining since 2023 [5]. Group 4: Energy Efficiency and Climate Strategy - NexGen optimized power generation at the Rook I Project by implementing a centralized power generation system and installing a pilot 24-kilowatt solar power system [7]. - A comprehensive TCFD gap analysis and climate-related risk assessment were completed to integrate climate-related risks and opportunities into the company's broader risk management and strategic planning [10].
NexGen Announces Regulatory Approval of 2025 Site Program at Rook I Property
Newsfile· 2025-06-12 10:30
Core Viewpoint - NexGen Energy Ltd. has received regulatory approval for its 2025 Site Program at the Rook I Property, which includes infrastructure enhancements to support exploration activities in the Athabasca Basin, Saskatchewan [2][6]. Infrastructure Enhancements - The 2025 Site Program will establish a temporary exploration airstrip, expand accommodation facilities by 373 beds, and improve site access roads [2][8]. - The program aims to enhance health and safety for workers and accommodate an increase in regional exploration activities [8][12]. Exploration Focus - The program is designed to support the ongoing exploration at Patterson Corridor East (PCE), which is showing significant mineralization potential, located 3.5 km east of the Arrow deposit [4][8]. - Planning is already underway for future programs at PCE, with drilling activities set to recommence in June [8]. Community Engagement - The program will prioritize local business opportunities, generating employment and contracting for Indigenous and community members, reflecting NexGen's commitment to local communities [5][7]. Strategic Importance - The 2025 Site Program is viewed as a strategic milestone for NexGen, optimizing safety, environmental protection, and operational efficiency [6][9]. - The Saskatchewan government recognizes the Rook I Project as a significant opportunity for the province to lead in uranium mining [6].
NexGen Announces Best Assays from Patterson Corridor East in Hole RK-25-232
Newsfile· 2025-05-27 10:30
Core Insights - NexGen Energy Ltd. announced exceptional assay results from drillhole RK-25-232, reporting 15.0 meters at 15.9% U3O8, with a peak intercept of 0.5 meters at 68.8% U3O8, marking it as one of the highest-grade basement-hosted uranium vein intercepts globally [2][8][5] - The results from RK-24-222 and RK-25-232, located 200 meters apart, confirm the scale and continuity of high-grade mineralization in the Patterson Corridor East (PCE) area [3][8] - The winter drilling program added nine new high-grade intercepts, bringing the total to 13, reinforcing confidence in the materiality of the emerging mineralization [3][8] Company Developments - The company has completed 64 drillholes totaling 47,425.9 meters since the discovery phase began, with 35 of these intersecting mineralization that remains open in most directions [3][4] - Drilling at PCE is set to resume on June 1, 2025, with ongoing reporting of assay results for 2025 [4][8] - The CEO highlighted the significance of the assay results, emphasizing that the program is still in the early evaluation stages of PCE [5] Industry Context - The scale of the 2025 drilling program at PCE reflects the company's commitment to advancing new sources of uranium supply amid a global push for nuclear energy deployment [7][9] - The U.S. aims to increase nuclear energy output from 100 GW to 400 GW by 2050, underscoring the importance of projects like Rook I and PCE in meeting future nuclear fuel requirements [9]