Queen's Road Capital Notes NexGen's Announcement

Core Viewpoint - Queen's Road Capital Investment Ltd. (QRC) has expressed support for NexGen Energy Ltd. following the approval of NexGen's environmental assessment and construction license for its Rook I project, marking a significant milestone for the company [1][3]. Group 1: Investment Details - QRC's initial investment in NexGen was US$30 million in May 2020, and it currently holds a US$70 million debenture convertible at US$6.76 per share, while the current share price is US$12.40 [2]. - QRC owns approximately 10.5 million shares of NexGen, valued at over US$130 million, representing about 3.15% of NexGen on a fully diluted basis, making QRC one of its largest shareholders [2]. Group 2: Company Overview - QRC is a dividend-paying investment company focused on the global resource sector, investing in both privately held and publicly traded companies [3]. - The company aims for long-term capital appreciation, primarily through convertible debt securities and resource projects in politically stable regions [3].