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 " ...

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 ...

Core Points - The Canadian Nuclear Safety Commission (CNSC) has begun the technical review of NexGen Energy's Rook I Project, with a 60-day review period to finalize the Environmental Impact Statement (EIS) [1][8] - NexGen Energy has received both Federal license application acceptance and Provincial Environmental Assessment (EA) approval, allowing for immediate commencement of major construction upon final approvals [2][9] - The Rook I Project aims to be the largest low-cost uranium mine globally, aligning with Canada's critical minerals strategy and clean energy goals [2][11] Company Overview - NexGen Energy is focused on delivering clean energy fuel, with its flagship Rook I Project supported by a NI 43-101 compliant Feasibility Study highlighting its environmental performance and economic viability [2][12] - The company is led by experienced professionals in the uranium and mining industry, covering all aspects of the mining life cycle [2][11] - NexGen is headquartered in Vancouver, British Columbia, and operates primarily in Saskatchewan, Canada [11] Project Details - The Rook I Project is positioned to provide long-term economic, environmental, and social benefits for Saskatchewan and beyond [2][9] - Detailed engineering and procurement activities are ongoing, along with local training programs for future staffing needs [2][9] - The project is expected to contribute significantly to global efforts in providing diversified, reliable, and carbon-free energy solutions [2][9]

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 ...

Core Insights - NexGen Energy is advancing its exploration efforts at the Rook I Project, focusing on high-grade uranium discoveries and expanding its drilling program significantly [1][2][3][4][5][6]. Exploration and Drilling - The summer drilling program has been expanded to utilize four drill rigs, targeting a total of 22,000 meters at the PCE system, which is nearly three times the winter program [5][6]. - Recent assays from drill hole RK-24-183 confirmed high-grade uranium veins over a 20-meter interval, with intersections totaling 13.5 meters at 0.78% U3O8, including notable sections of 0.5 meters at 10% U3O8 and 6.23% U3O8 [1][9]. - Drill results from RK-24-193 showed elevated radioactivity over 67.5 meters, indicating strong mineralization similar to early discovery holes at Arrow [3][9]. Geological Insights - Geological assessments suggest a high prospectivity for an additional mineralized system located 3.5 kilometers east of Arrow, which will be a focus of the summer exploration program [2]. - Drill results from RK-24-180, RK-24-192, and RK-24-194 indicate a potential supplementary uranium-bearing trend, effectively doubling the size of the system to be tested this summer, with an approximate extent of 1.5 kilometers long by 1.2 kilometers wide [4][5]. Company Overview - NexGen Energy is focused on developing the Rook I Project into the largest low-cost uranium mine globally, emphasizing elite environmental and social governance standards [10]. - The company is listed on multiple stock exchanges, providing global investors access to its mission of addressing challenges in decarbonization, energy security, and access to power [11].

Core Viewpoint - NexGen Energy Ltd. has successfully completed the purchase of 2,702,410 pounds of natural uranium concentrate for a total of US$250 million, financed through the issuance of unsecured convertible debentures [1][2]. Group 1: Transaction Details - The purchase price of US$250 million was satisfied through the issuance of US$250 million aggregate principal amount of five-year, 9.0% per annum unsecured convertible debentures, with payment structured as two-thirds cash and one-third common shares [1]. - The transaction is part of NexGen's strategy to optimize offtake negotiations and maximize the value of its uranium inventory in light of recent regulatory changes regarding Russian uranium imports [2]. Group 2: Project Development - The Rook I Project is being developed to become the largest low-cost producing uranium mine globally, adhering to high standards in environmental and social governance [3]. - The project is supported by a NI 43-101 compliant Feasibility Study, which highlights its elite environmental performance and industry-leading economics [3]. - The company is advancing through final detailed designs and procurement activities, with responses to the final aspects of the technical review process submitted to the Canadian Nuclear Safety Commission [2]. Group 3: Company Overview - NexGen Energy is focused on delivering clean energy fuel for the future and is headquartered in Vancouver, British Columbia, with operations in Saskatchewan [4]. - The company aims to address global challenges in decarbonization, energy security, and access to power, providing opportunities for global investors [4].

Core Insights - NexGen Energy Ltd. released its 2023 Sustainability Report, marking the fourth consecutive year of reporting on its Environmental, Social, and Governance (ESG) profile, adhering to Global Reporting Initiative (GRI) Standards [1][11] Group 1: Sustainability and Community Engagement - The CEO highlighted 2023 as a pivotal year for the company, emphasizing responsible resource development and clean energy transition, while achieving significant economic, environmental, and social outcomes for stakeholders [2] - NexGen signed a historic Impact Benefit Agreement with the Métis Nation – Saskatchewan, confirming full support from Indigenous communities for the Rook I Project [3] - The company initiated innovative trades training and certification programs, with 302 students participating in 2023, focusing on workforce development [5] - NexGen created mentorship opportunities for local youth, including a program with the Vancouver Canucks, recognizing 32 youth for their commitment to health and community stewardship [7] Group 2: Regulatory and Environmental Achievements - NexGen received Provincial Environmental Assessment approval for the Rook I Project, the first such approval for a greenfield uranium mine in Canada in over 20 years, facilitating the final stages of Federal Environmental Assessment [4] - The company undertook various environmental initiatives, including GHG inventory and biodiversity projects, contributing to global GHG emissions reduction by powering over 46 million homes annually and removing 70 million car-equivalents of CO2 from the road each year [10] Group 3: Economic Development - NexGen established a 100% Indigenous-owned gravel supply company in northwestern Saskatchewan, creating employment opportunities for up to 16 local individuals and generating significant economic value for the community [9] - The company promotes a diverse work environment, with 80% of site employees residing in local communities and 33% being female in 2023, alongside achieving 30% female representation on its Board of Directors [6]

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 ...

Industry Overview - The renewable energy sector is experiencing significant growth, with nearly 25% of U.S. electricity demand supplied by renewable sources in 2023, and projections indicating that renewables will account for 23.7% of total electrical power generation in the U.S. by 2028 [1][2] - Nuclear power is also gaining traction, with 22 countries, including the U.S., Canada, the UK, and France, pledging to triple their nuclear capacity by 2050 [2] Company Analysis: NexGen Energy (NXE) - NexGen Energy is positioned to benefit from a projected 127% increase in uranium demand by 2030, potentially reaching a 200% increase by 2040, with a possible 240 million-pound deficit in supply [4][5] - The company is focused on its Rook I project, which is nearing the final stages of permitting and is backed by approximately $930 million in cash and liquid assets [5][6] Company Analysis: Sunrun (RUN) - Sunrun is capitalizing on the growing interest in solar energy, with wind and solar sources growing faster than any other electricity sources in history [8] - The company's earnings are improving, with a reduction in EPS loss from $1.12 to 40 cents per share year-over-year, and a 15% increase in customer additions [9] - Goldman Sachs has reiterated a buy rating on Sunrun with a price target of $18, highlighting the company's shift towards more profitable growth and a cash generation guidance of $200 million to $500 million annualized run rate by Q4 2024 [10] Company Analysis: Southern Copper (SCCO) - Southern Copper's stock price has increased from around $82 to $123.79, driven by rising copper prices due to tight supply and demand dynamics [12] - Goldman Sachs has raised its year-end copper price target to $12,000 per ton, anticipating challenges for global mines to meet increasing demand, which could lead to significant inventory shortages by Q4 2023 [13]