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].

Financial Performance - The company reported a net loss of CAD 17,498,000 for the three months ended June 30, 2023, compared to a net income of CAD 17,585,000 for the same period in 2022, indicating a significant decline in profitability[3]. - The company incurred total expenses of CAD 15,381,000 for the three months ended June 30, 2023, compared to CAD 11,584,000 for the same period in 2022, marking an increase of approximately 32.5%[3]. - The company experienced a net loss of CAD 25,950 thousand for the six months ended June 30, 2023, compared to a net loss of CAD 12,187 thousand for the same period in 2022[9]. - NexGen's total comprehensive loss for the six months ended June 30, 2023, was CAD 26,605 thousand, compared to CAD 12,815 thousand for the same period in 2022[5]. - For the three months ended June 30, 2023, NexGen reported a net loss attributable to shareholders of $19.292 million, compared to a net income of $13.484 million in the same period of 2022[67]. - Basic earnings per share for Q2 2023 was $(0.04), a decrease from $0.03 in Q2 2022[67]. - For the six months ended June 30, 2023, the net loss attributable to shareholders was $25.950 million, compared to a loss of $12.187 million in the first half of 2022[67]. - Diluted loss per share for the six months ended June 30, 2023 was $(0.05), compared to $(0.04) in the same period of 2022[67]. Assets and Liabilities - As of June 30, 2023, total assets increased to CAD 581,473,000 from CAD 554,560,000 as of December 31, 2022, representing a growth of approximately 4.9%[2]. - Total liabilities increased slightly to CAD 99,586,000 as of June 30, 2023, from CAD 99,143,000 at the end of 2022, reflecting a marginal rise of about 0.4%[2]. - The company’s share capital increased to CAD 758,463,000 as of June 30, 2023, from CAD 712,603,000 at the end of 2022, representing an increase of approximately 6.4%[2]. - The company had cash of $100,571 to settle current liabilities of $17,721 as of June 30, 2023[55]. - The company's maximum exposure to credit risk was $105,790 as of June 30, 2023, down from $136,248 at December 31, 2022[54]. - The company’s convertible debentures totaled $78,986 as of June 30, 2023, compared to $80,021 at December 31, 2022[48]. - The company’s total undiscounted commitments amounted to $99,141 as of June 30, 2023[56]. Cash Flow and Expenditures - Cash and cash equivalents decreased to CAD 100,571,000 from CAD 134,447,000, a decline of about 25.2%[4]. - Cash used in operating activities for the six months ended June 30, 2023, was CAD 22,720,000, compared to CAD 9,770,000 for the same period in 2022, indicating a significant increase in cash outflow[4]. - The company reported expenditures on exploration and evaluation assets of CAD 22,729,000 for the three months ended June 30, 2023, compared to CAD 20,121,000 for the same period in 2022, an increase of about 13.0%[4]. Exploration and Evaluation Assets - Exploration and evaluation assets rose to CAD 452,206,000 as of June 30, 2023, up from CAD 405,248,000 at the end of 2022, reflecting an increase of approximately 11.6%[2]. - The total acquisition cost for exploration and evaluation assets was CAD 28,325, with a balance of CAD 423,881 in deferred exploration costs[20]. - The total additions to deferred exploration costs for the six months ended June 30, 2023, amounted to CAD 46,954, including CAD 34,801 for general exploration and drilling[20]. Shareholder Information - The company issued 4,494,959 shares under its at-the-market equity program, raising CAD 27,566 thousand[5]. - The company issued 3,878,815 shares on the exercise of stock options for gross proceeds of $10,790 during the six months ended June 30, 2023[35]. - As of June 30, 2023, 46,188,408 options were excluded from the diluted weighted average number of common shares calculation[67]. - Subsequent to June 30, 2023, NexGen issued 314,137 shares under the ATM Program at a weighted average price of $6.30, resulting in net proceeds of $1.96 million[68]. - Additionally, 93,334 stock options were exercised for gross proceeds of $450,000 after June 30, 2023[69]. Risks and Future Outlook - The company has sufficient working capital to meet its current obligations for the next twelve months, but will require additional funding for ongoing exploration and development[9]. - NexGen is subject to various risks including capital acquisition challenges and global uranium price volatility, which may impact its operations and financial performance[10].

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 ...

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) | | ...

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 | | | --- ...

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 ...

Exhibit 99.1 Condensed Interim Consolidated Financial Statements For the three months ended March 31, 2022 (expressed in thousands of Canadian dollars) - Unaudited Condensed Interim Consolidated Statements of Financial Position (expressed in thousands of Canadian Dollars) - Unaudited | | | As at March 31, 2022 | | As at December 31, 2021 | | --- | --- | --- | --- | --- | | Assets | | | | | | Current assets | | | | | | Cash | $ | 187,495 | $ | 201,804 | | Marketable securities (Note 5) | | 8,392 | | 9,315 | ...

Exhibit 99.1 Condensed Interim Consolidated Financial Statements For the three and nine months ended September 30, 2021 (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, 2021 | As at December 31, 2020 | | --- | --- | --- | --- | | Assets | | | | | Current assets | | | | | Cash | $ | 227,844 $ | 74,022 | | Marketable securities (Note 5) | ...

January 2020 0 Delivering the clean energy of the future. Forward Looking Statement 2 Information Contained in this Presentation This presentation is a summary description of NexGen Energy Ltd. ("NexGen" or the "Company") and its business and does not purport to be complete. This presentation is not, and in no circumstances is to be construed as a prospectus, advertisement or a public offering of securities. No securities regulatory authority or similar authority has reviewed or in any way passed upon the d ...