NexGen Announces Upsized AUD $600 Million Equity Offering in Australia

Core Viewpoint - NexGen Energy Ltd. has announced an upsized offering of common shares, aiming to raise approximately AUD $600 million through the Australian Offering and C$400 million through the North American Offering, to fund the Rook I Project and general corporate purposes [1][3][4]. Group 1: Offering Details - The Australian Offering consists of 45,801,527 common shares priced at A$13.10 per share, with gross proceeds expected to be around AUD $600 million [1]. - Concurrently, the North American Offering includes 33,112,583 common shares priced at C$12.08 per share, with gross proceeds anticipated to be approximately C$400 million [3]. - The completion of both offerings is not conditional upon each other, allowing for independent execution [9]. Group 2: Use of Proceeds - The net proceeds from both offerings will be utilized to advance the engineering of the Rook I Project, cover pre-production capital costs, and for general corporate purposes [4]. Group 3: Regulatory and Compliance - The North American Common Shares will be offered via a short form prospectus in Canada and the U.S., with a registration statement filed with the SEC [5]. - The Australian Common Shares will be issued without disclosure to sophisticated and professional investors under the Australian Corporations Act [6]. - The offerings are subject to necessary regulatory approvals, including acceptance from the Toronto Stock Exchange and the New York Stock Exchange [8]. Group 4: Company Overview - NexGen Energy is focused on developing the Rook I Project, which aims to be the largest low-cost uranium mine globally, adhering to high environmental and social governance standards [10]. - The company is headquartered in Vancouver, British Columbia, and operates primarily in Saskatchewan, Canada [11].