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NexGen Achieves Major Permitting Milestone
Prnewswire· 2024-11-19 11:30
Core Points - NexGen Energy Ltd. has successfully completed the final Federal technical review for its Rook I Project, a significant milestone in the Federal Environmental Assessment process [1][2][3] - The completion of the Federal EA technical review follows the Provincial EA approval received in November 2023, positioning Canada to re-establish itself as a leader in global uranium supply [3][6] - NexGen is prepared to commence major site works with over $800 million in cash and liquid assets, pending a positive Commission decision [6] Company Overview - NexGen Energy is focused on developing clean energy fuel, with the Rook I Project being positioned as the largest low-cost uranium mine globally, adhering to elite environmental and social governance standards [7][8] - The company is headquartered in Vancouver, British Columbia, and operates primarily in Saskatchewan, Canada [9] - NexGen aims to address global challenges in decarbonization, energy security, and access to power through its projects [8]
NexGen Energy .(NXE) - 2024 Q3 - Earnings Call Transcript
2024-11-12 17:10
Financial Data and Key Metrics Changes - NexGen Energy maintains a strong financial position with approximately CAD 540 million in cash and CAD 34 million in strategic uranium inventory [23] - Interest from the financial sector has intensified following Climate Week in New York, with 14 global financial institutions signing on to the declaration to triple nuclear energy [23] Business Line Data and Key Metrics Changes - The Rook 1 Project is advancing well, with substantial progress in detailed engineering, procurement, training, and development [12] - The Patterson Corridor East (PCE) drilling campaign has completed over 34,000 meters across 46 holes, with significant mineralization discovered [16][18] Market Data and Key Metrics Changes - The nuclear energy sector is experiencing unprecedented demand, particularly from major tech companies recognizing nuclear energy as critical for future operations [5][10] - The global uranium supply is fragile, with 70% of the world's mine supply hosted by countries in military conflict, necessitating immediate development of new mines [7][9] Company Strategy and Development Direction - NexGen is focused on advancing the Rook 1 Project while maintaining a commitment to sustainability and community initiatives [4][20] - The company is negotiating multiple offtake contracts with global utilities, reflecting strong demand for future production [26][27] Management's Comments on Operating Environment and Future Outlook - Management is confident in the regulatory approval process for the Rook 1 Project, with expectations for a commission hearing and subsequent license decision soon [12][29] - The company is well-positioned to lead the nuclear energy resurgence, with Rook 1 representing a high-quality uranium project in a Tier 1 jurisdiction [29][30] Other Important Information - The broader nuclear landscape is evolving favorably, with countries like Switzerland, Japan, South Korea, India, and China advancing their nuclear expansion plans [10] - NexGen's community engagement and education programs have expanded significantly, receiving recognition for their positive impact [22] Q&A Session Summary Question: Details on the review process and construction timeline - Management indicated that there are very few aspects left to conclude in the review process, and they are confident about the timeline for construction once approvals are received [33][35] Question: Changes in offtake discussions - Management reported that they have not experienced a slowdown in offtake discussions and are actively engaged with multiple utilities [36][37] Question: Status of the permitting process - Management confirmed that the CNSC is nearing conclusion of the permitting process and has not indicated any outstanding issues [39][40] Question: Timing for offtake contracts - Management stated that the ongoing negotiations for offtake contracts are advanced and could potentially be finalized before the end of the year [47][51] Question: WMC's role as exclusive marketing partner - Management expressed that WMC's expertise and relationships in the uranium marketing industry will enhance NexGen's position in the market [54][65] Question: Concerns about skilled labor and supply chain delays - Management reassured that they have been proactive in training local labor and have established programs to ensure a skilled workforce is available for the project [86][88]
NexGen Announces Best Hole to Date (RK-24-222) and High-Grade Expansion at Patterson Corridor East Concluding a Successful 2024 Drilling Program
Prnewswire· 2024-11-12 11:30
Group 1 - The recent drilling results at the PCE site have revealed a high-grade mineralized zone, particularly in drill hole RK-24-222, which intersected a 17.0 m wide vein with multiple occurrences of off-scale mineralization exceeding 61,000 cps [1] - The high-grade sub-domain now extends 100 m along strike and 170 m in depth, indicating potential for further growth in all directions [1] - The PCE system's materiality has been elevated, with the new zone located only 3.5 km from the world-class Arrow deposit, enhancing NexGen's portfolio in the Athabasca Basin [2][3] Group 2 - NexGen is focused on advancing the Rook I Project while expanding exploration at PCE, demonstrating a commitment to maximizing the potential of the uranium district amid increasing global demand for clean energy [3] - Assays from the disclosed intersections are anticipated in Q4 2024 and Q1 2025, with exploration activities set to resume in January 2025 [3] - The exploration program at PCE is being planned to capitalize on the evident prospectivity for material growth [3]
NexGen Energy .(NXE) - 2024 Q3 - Quarterly Report
2024-11-08 00:35
EXHIBIT 99.1 Condensed Interim Consolidated Financial Statements September 30, 2024 and 2023 (expressed in thousands of Canadian dollars) - Unaudited NexGen Energy Ltd. Condensed Interim Consolidated Statements of Financial Position | --- | --- | --- | --- | --- | --- | --- | |------------------------------------------------------------------------|-------|--------------------|-------|----------------------|-------|----------------------| | (expressed in thousands of Canadian Dollars) - Unaudited | | Septem ...
NexGen Energy to Host Q3 2024 Conference Call on Rook I Project Developments
Prnewswire· 2024-10-31 10:30
VANCOUVER, BC, Oct. 31, 2024 /PRNewswire/ - NexGen Energy Ltd. ("NexGen" or the "Company") (TSX: NXE) (NYSE: NXE) (ASX: NXG) is pleased to announce the Company will host its 2024 third quarter conference call on Tuesday, November 12, 2024, at 8:30 am Eastern Standard Time. During the call, NexGen's President and Chief Executive Officer, Leigh Curyer, alongside Chief Commercial Officer, Travis McPherson, and Chief Financial Officer, Benjamin Salter, will provide a comprehensive update on the Company's 100%-o ...
NexGen Energy (NXE) Recently Broke Out Above the 200-Day Moving Average
ZACKS· 2024-10-14 14:34
After reaching an important support level, NexGen Energy (NXE) could be a good stock pick from a technical perspective. NXE surpassed resistance at the 200-day moving average, suggesting a long-term bullish trend. A useful tool for traders and analysts, the 200-day simple moving average helps determine long-term market trends for stocks, commodities, indexes, and other financial instruments. It moves higher or lower in conjunction with longer-term price performance, and serves as a support or resistance lev ...
Wall Street Analysts Believe NexGen Energy (NXE) Could Rally 61.54%: Here's is How to Trade
ZACKS· 2024-09-20 14:56
NexGen Energy (NXE) closed the last trading session at $5.98, gaining 3.1% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $9.66 indicates a 61.5% upside potential. The mean estimate comprises 11 short-term price targets with a standard deviation of $2.15. While the lowest estimate of $7.40 indicates a 23.8% increase from the current price level, the most optimistic analyst expects ...
NexGen Energy .(NXE) - 2024 Q2 - Quarterly Report
2024-08-07 20:03
Exhibit 99.1 Condensed Interim Consolidated Financial Statements June 30, 2024 and 2023 (expressed in thousands of Canadian dollars) - Unaudited | --- | --- | --- | --- | --- | --- | --- | |---------------------------------------------------------------------------------|-------|---------------|-------|--------------------------------------------|-------|----------------------------------------| | (expressed in thousands of Canadian Dollars) - Unaudited \nAssets | | June 30, 2024 | | December 31, 2023 \nRes ...
NexGen Energy to Host Q2 2024 Conference Call on Rook I Project Developments
Prnewswire· 2024-08-02 10:30
VANCOUVER, BC, Aug. 2, 2024 /PRNewswire/ - NexGen Energy Ltd. ("NexGen" or the "Company") (TSX: NXE) (NYSE: NXE) (ASX: NXG) is pleased to announce the Company will host its 2024 second quarter conference call on Thursday, August 8, 2024, at 8:30 am Eastern Standard Time. During the call, NexGen's President and Chief Executive Officer, Leigh Curyer, Chief Commercial Officer, Travis McPherson, and Chief Financial Officer, Benjamin Salter will provide an update on the Company's 100% owned Rook I Project (the " ...
NexGen Provides Updated Economics for the Rook I Project
Prnewswire· 2024-08-01 13:05
Revised Capital Cost C$2.2 Billion /USD$1.58 Billion (C$/US$ 0.72) Average Annual After-Tax Net Cash Flow (Years 1-5) of C$1.93 Billion (at US$95/lb U3O8) Consistent Mine Life and Production Capability up to 30 Million Pounds U3O8 Annually Elite Environmental Plan Incorporates Reclamation during Operations resulting in minimal C$70 Million Closure Cost. Feasibility Study (2020 Dollars) Updated/Revised Estimate (2023 Dollars) VANCOUVER, BC, Aug. 1, 2024 /PRNewswire/ - NexGen Energy Ltd. ("NexGen" or the "Com ...