=&0=&is pleased to announce that the Canadian Nuclear Safety Commission (“CNSC”) has, as of today, approved NexGen’s Environmental Assessment (“EA”) and issued a Licence to Prepare Site and Construct (the “Licence”) for the Company’s 100%-owned, generational, Rook I Project (the “Project”). This approval comes 14 business days after the final 2-part Commission Hearing process which was concluded February 12, 2026. With Environmental Assessment (“EA”) approval from the Province of Saskatchewan received in November 2023 and receipt of all other necessary Provincial authorizations, the issuance of the Licence marks the final regulatory approval required to initiate full construction of the Project.
Located in Saskatchewan’s Athabasca Basin, NexGen’s Rook I Project has been methodically advanced and designed to meet NexGen’s elite environmental, safety, social and economic standards, working in lockstep with local Indigenous communities and partners. When fully operational, the Rook I Project will be the largest single source and environmentally elite uranium mine globally, incorporating state-of-the-art extraction and safety systems. In production, Rook I is capable of producing up to 30 million pounds annually – representing over 20% of the current global uranium fuel supply and over 50% of western world supply. read more