NexGen Announces Closing of Strategic Purchase of 2.7 Million Pounds of Uranium

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].