The technical review by the CNSC has now commenced through the Federal-Indigenous Review Team, and upon confirmation that all technical review comments have been resolved after its prescribed 60-day review, the CNSC will then be able to deem the EIS final. When the EIS is deemed final, the CNSC will establish the Federal Commission Hearing date. With the acceptance of the Federal licence application and receipt of Provincial EA approval in September and November 2023, respectively – and broad-based support ...

Ms. Pierce has more than 20 years of experience in bringing business, governments, communities, indigenous groups, and other non-governmental actors together to support the development of major capital projects to maximize investment returns. In her current role as president and Country Chair, Shell Canada, she is responsible for driving integration and coordination of business activity and corporate policy across Shell's businesses in Canada. She previously served as Director of Corporate Affairs at LNG Ca ...

Shareholders also voted on the following matters at the Meeting: About NexGen Forward-Looking Information applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to mineral reserve and mineral resource estimates, the 2021 Arrow Deposit, Rook I Project and estimates of uranium production, grade and long-term average uranium prices, anticipated effects of completed drill results on the Rook I Project, planned work programs, completion ...

In addition, assays from RK-24-183 confirm high grade uranium veins across a 20 m interval with several intersections totalling 13.5 m at 0.78% U3O8 including 0.5 m (348.0 to 348.5 m) at 10% U3O8 and another 0.5 m (356.5 to 357 m) at 6.23% U3O8 (Table 2). For reference, the Arrow discovery hole RK-14-21 assayed 5.75 m at 0.37% U3O8, including 0.25 m at 5.77% U3O8. Handheld Spectrometer Results (RS-125) Collectively, these results of multiple narrow intersections of mineralization in two holes represent a cu ...

About NexGen VANCOUVER, BC, May 28, 2024 /PRNewswire/ - NexGen Energy Ltd. ("NexGen" or the "Company") (TSX: NXE) (NYSE: NXE) (ASX: NXG) is pleased to announce that it has closed its previously announced purchase (the "Purchase") of 2,702,410 pounds natural uranium concentrate ("U3O8") for an aggregate purchase price of US$250 million, which was satisfied through the issuance of US$250 million aggregate principal amount of five year, 9.0% per annum (payable 2/3 cash and 1/3 common shares) unsecured converti ...

VANCOUVER, BC, May 22, 2024 /PRNewswire/ - NexGen Energy Ltd. ("NexGen" or the "Company") (TSX: NXE) (NYSE: NXE) (ASX: NXG) is pleased to announce the release of its 2023 Sustainability Report ("the Report") that covers the period January 1, 2023 to December 31, 2023. The Report marks the fourth year that NexGen has reported on the Company's robust Environmental, Social, and Governance (ESG) profile, and is again in accordance with the Global Reporting Initiative (GRI) Standards. The Report is available onl ...

VANCOUVER, BC, May 21, 2024 /PRNewswire/ - NexGen Energy Ltd. ("NexGen" or the "Company") (TSX: NXE) (NYSE: NXE) (ASX: NXG) is pleased to announce that on May 21st, the Company is submitting to the Federal regulator – the Canadian Nuclear Safety Commission ("CNSC") – responses to the remaining 49 technical review comments received on February 12, 2024 as part of the Federal Environmental Assessment ("EA") review process for the Company's 100% owned Rook I Project (the "Project"). All four Local Priority Are ...

With the world going green, cheap renewable energy stocks won't stay down for long. For one, power generated from renewables is setting new records. It's also expected to grow as wind and solar gain momentum. So far, according to The Wall Street Journal, "Nearly a quarter of U.S. electricity demand was supplied by renewable sources in 2023 and just under 9% of total energy used came from green sources, according to a new report from BloombergNEF." "By 2028, renewables are projected to make up 23.7% of total ...

Financial Data and Key Metrics Changes - The company reported cash and liquid assets of approximately $930 million, which is crucial for the construction of the Rook I project [3][10][42] - The market capitalization reached an all-time high of $12.14 per share, reflecting strong performance relative to peers [12] - The company has raised approximately $540 million with minimal discounts to market, showcasing strong financial health [157] Business Line Data and Key Metrics Changes - The company has successfully executed a $224 million placement to ASX investors, enhancing its cash position [10] - A significant purchase of 2.7 million pounds of uranium was made at $92.50 per pound, which is expected to strengthen contract negotiations with utilities [7][153] Market Data and Key Metrics Changes - The uranium spot price reached new 15-year highs at $107 per pound, indicating a tightening market due to geopolitical risks and supply challenges [138][141] - The recent ban on Russian uranium imports is expected to create upward pressure on uranium prices and alter supply dynamics significantly [141] Company Strategy and Development Direction - The company is focused on advancing the Rook I project into construction and production, with federal permitting in the final stages [14][145] - There is a strategic emphasis on securing long-term contracts with utilities for uranium supply, particularly for 2028 and beyond [152] - The company aims to leverage its position as a reliable supplier in a market characterized by fragility and declining inventories [5][141] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the nuclear energy sector's growth, driven by increasing global demand for clean energy sources [4][136] - The company is well-positioned to capitalize on the evolving uranium market, with a focus on operational excellence and community engagement [14][140] - Management highlighted the importance of securing financing and contracts ahead of federal approval to ensure project viability [53][110] Other Important Information - The company has a diverse workforce, with a gender ratio of 66% male and 34% female, exceeding the Canadian mining average [13] - The company has received full support from local indigenous communities, which is crucial for the project's success [146] Q&A Session Summary Question: Timeline for public hearing after EIS submission - Management indicated that after submitting the EIS, the CNSC has 90 days to review the remaining comments before establishing a commission hearing date [15][16][17] Question: Size and hiring of the technical team for Rook I - The current technical team consists of about 76 people, and management is confident in their ability to hire additional skilled labor quickly [20][24][25] Question: Strategy behind uranium purchases and contract negotiations - Management clarified that the recent uranium purchase aligns with their development stage and is intended to provide security of supply for utilities [27][28][30] Question: Impact of inflation on project costs - Management noted that inflation has increased estimated costs by approximately $320 million, primarily due to labor wages [39][40] Question: Future equity raises and capital requirements - Management stated that the current cash balance and debt expressions of interest are sufficient to fund the Rook I project through to production [81][82]

VANCOUVER, BC, May 14, 2024 /PRNewswire/ - NexGen Energy Ltd. ("NexGen" or the "Company") (TSX: NXE) (NYSE: NXE) (ASX: NXG) is pleased to announce that the Company has closed its previously announced offering (the "Offering") of 20,161,290 common shares, settled in the form of CHESS Depository Interests ("CDIs"), at a price of C$11.11 per share (based on the daily average exchange rate of A$1.00 = C$0.8963 published the Bank of Canada on April 29, 2024), under an amended and restated placement agreement dat ...