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NexGen Announces C$180 Million CDI Offering in Australia
Prnewswire· 2024-04-30 10:45
VANCOUVER, BC, April 30, 2024 /PRNewswire/ - NexGen Energy Ltd. ("NexGen" or the "Company") (TSX: NXE) (NYSE: NXE) (ASX: NXG) is pleased to announce that it has entered into a placement agreement dated April 30, 2024 (the "Placement Agreement") with a lead manager and bookrunner in Australia, Aitken Mount Capital Partners (the "Lead Manager"), to arrange and manage, and to provide settlement support for, an offering of 16,129,032 common shares (the "Shares") of the Company, at a price of C$11.11 per Share ( ...
NexGen Energy .(NXE) - 2023 Q4 - Earnings Call Transcript
2024-03-11 15:56
Company Participants Katie Lachapelle - Canaccord Alexander Pearce - Bank of Montreal Craig Hutchison - TD Graham Tanaka - Tanaka Capital Management Brian MacArthur - Raymond James Andrew Wong - RBC Capital Markets Chris Thompson - PI Financial Leigh Curyer India recently announced it will be constructing an additional 18 civil nuclear reactors by 2032, aiming to boost its nuclear generation to 2.42 gigawatts, a tripling of its current capacity. Canada supports these efforts, evidenced as recently as two we ...
NexGen Energy .(NXE) - 2023 Q3 - Earnings Call Transcript
2023-11-22 22:00
NexGen Energy Ltd. (NYSE:NXE) Q3 2023 Results Conference Call November 22, 2023 10:00 AM ET Company Participants Leigh Curyer - Chief Executive Officer Travis McPherson - Chief Commercial Officer Benjamin Salter - Vice President, Finance and Acting CFO Conference Call Participants Andrew Wong - RBC Capital Markets Alexander Pearce - BMO Chris Thompson - PI Financial David Talbot - Red Cloud Securities Graham Tanaka - Tanaka Capital Management Puneet Singh - Eight Capital Operator Good morning, ladies and ge ...
NexGen Energy .(NXE) - 2023 Q3 - Quarterly Report
2023-11-02 23:06
Exhibit 99.1 Condensed Interim Consolidated Financial Statements For the three and nine months ended September 30, 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 | | | As at September 30, 2023 | | As at December 31, 2022 | | --- | --- | --- | --- | --- | | Assets | | | | | | Current assets | | | | | | Cash | $ | 370,444 | $ | 134,447 | | Marketable securi ...
NexGen Energy .(NXE) - 2023 Q2 - Earnings Call Transcript
2023-08-10 19:50
Financial Data and Key Metrics Changes - As of June 30, 2023, the company reported a working capital of $89 million and has deployed approximately $39.4 million for the permitting, exploration, and development of the Rook I Project [60][84]. - The uranium price is currently just above $56 per pound, remaining steady during the summer period, with increased interest from utilities for offtake contracts [74]. Business Line Data and Key Metrics Changes - The Rook I Project is expected to deliver up to 29 million pounds of uranium annually, with a production capability of 30 million pounds per annum [28][76]. - The company has received provincial approval for the commencement of the 2023 Site Infrastructure and Confirmation Program at Rook I, which is progressing on time and within budget [36][40]. Market Data and Key Metrics Changes - Global nuclear capacity is currently at 390 gigawatts, with expectations to more than double by 2050, necessitating a tripling of uranium supply to meet demand [38]. - The demand for uranium is increasing due to geopolitical instability affecting supply, particularly highlighted by the situation in Niger, which produces 6% of the world's uranium supply [79]. Company Strategy and Development Direction - The company aims to be a partner of choice for fuel buyers and nations seeking to mitigate supply chain risks, focusing on selling to countries that align with energy security and net-zero targets [109][110]. - The strategy includes leveraging the technical and sovereign nature of the Rook I Project to secure contracts tied to market prices at the time of delivery, ensuring flexibility in production [122][125]. Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the imminent provincial approval process, which is critical for advancing the Rook I Project and expects federal processes to run in parallel once provincial approval is secured [11][104]. - The company anticipates a significant increase in uranium prices, which are necessary to incentivize additional production and meet rising demand [138][165]. Other Important Information - The company has signed industry-leading impact benefit agreements with local indigenous communities, securing 100% support for the Rook I Project [57][58]. - The company is actively exploring additional high-priority targets in the Rook I property and the SW1 property, with a total of 22,500 meters planned for drilling in 2023 [83]. Q&A Session Summary Question: What is the timeline for provincial and federal permitting? - Management indicated that provincial approval is imminent, and once received, the federal process will proceed in parallel with site activities [101][104]. Question: How has the geopolitical situation affected conversations with utilities? - Management noted an increase in RFPs from utilities, highlighting a focus on supply chain security due to sovereign risks, particularly from regions like Niger and Russia [92][93]. Question: What is the company's strategy regarding contracting and pricing? - The company plans to contract portions of production tied to market prices at the time of delivery, leveraging its technical profile and sovereign advantages [122][125]. Question: What are the expectations for uranium prices moving forward? - Management believes uranium prices need to rise significantly to incentivize additional production, with estimates suggesting prices over $100 per pound may be necessary [165]. Question: How does the company plan to communicate production flexibility to the market? - The company will provide updates on its ability to flex production up or down based on market demand, emphasizing the technical and economic advantages of the Rook I Project [128].
NexGen Energy .(NXE) - 2023 Q2 - Quarterly Report
2023-08-08 23:29
Exhibit 99.1 Condensed Interim Consolidated Financial Statements For the three and six months ended June 30, 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 | | | As at June 30, 2023 | | As at December 31, 2022 | | --- | --- | --- | --- | --- | | Assets | | | | | | Current assets | | | | | | Cash | $ | 100,571 | $ | 134,447 | | Marketable securities (Note ...
NexGen Energy .(NXE) - 2023 Q1 - Earnings Call Transcript
2023-05-06 21:19
NexGen Energy Ltd. (NYSE:NXE) Q1 2023 Results Conference Call May 4, 2023 7:30 AM ET Company Participants Leigh Curyer - Chief Executive Officer Travis McPherson - Chief Commercial Officer Benjamin Salter - Vice President of Finance Harpreet Dhaliwal - Chief Financial Officer Conference Call Participants Winston Miles - Eight Capital Craig Hutchison - TD Securities George Ross - Argonaut Securities Katie Lachapelle - Canaccord Genuity Andrew Wong - RBC Capital Markets Puneet Singh - Eight Capital Operator G ...
NexGen Energy .(NXE) - 2023 Q1 - Quarterly Report
2023-05-03 22:51
Exhibit 99.1 Condensed Interim Consolidated Financial Statements For the three months ended March 31, 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 | | | As at March 31, 2023 | | As at December 31, 2022 | | --- | --- | --- | --- | --- | | Assets | | | | | | Current assets | | | | | | Cash | $ | 135,909 | $ | 134,447 | | Marketable securities (Note 5) | | ...
NexGen Energy .(NXE) - 2022 Q3 - Quarterly Report
2022-11-04 20:02
Exhibit 99.1 Condensed Interim Consolidated Financial Statements For the three and nine months ended September 30, 2022 (expressed in thousands of Canadian dollars) - Unaudited NexGen Energy Ltd. Condensed Interim Consolidated Statements of Financial Position (expressed in thousands of Canadian Dollars) - Unaudited NexGen Energy Ltd. Condensed Interim Consolidated Statements of Cash Flows (expressed in thousands of Canadian dollars) - Unaudited | | | | Three months ended | | | | Nine months ended | | | --- ...
NexGen Energy .(NXE) - 2022 Q2 - Quarterly Report
2022-08-05 11:30
Exhibit 99.1 Condensed Interim Consolidated Financial Statements For the three and six months ended June 30, 2022 (expressed in thousands of Canadian dollars) - Unaudited NexGen Energy Ltd. Condensed Interim Consolidated Statements of Financial Position (expressed in thousands of Canadian Dollars) - Unaudited | | | As at June 30, 2022 | | As at December 31, 2021 | | --- | --- | --- | --- | --- | | Assets | | | | | | Current assets | | | | | | Cash | $ | 161,237 | $ | 201,804 | | Marketable securities (Note ...