Tag: Arrow Deposit

NexGen Announces the Appointment of Ryan Podrasky as Chief Financial Officer

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=&0=& =&1=& is pleased to announce the appointment of Ryan Podrasky as Chief Financial Officer (“CFO”), effective May 25, 2026. Mr. Podrasky succeeds Benjamin (“Ben”) Salter, who is stepping down as CFO. Mr. Salter will continue to support the Company in an advisory capacity to ensure a seamless transition.

Ryan Podrasky is a CPA-designated finance executive with more than 25 years of leadership across global mining and oil and gas companies. He most recently served as Chief Financial Officer of Elk Valley Resources – formerly the coal business of Teck Resources and now majority-owned by Glencore – where he led the finance function for a $10B+ revenue business that is the largest steelmaking coal producer in Canada and the second-largest seaborne supplier globally. In that capacity he had oversight of approximately $5B in annual operating and capital expenditures across a complex, multi-site, fully integrated mine-to-port value chain employing 5,700+ people and led a comprehensive and strategic finance organization. Ryan has served for over five years as Board Director of Neptune Bulk Terminals (Canada) Ltd., where he chaired the Audit, Finance, and Insurance Committees. read more

NexGen’s Final Batch of 2025 Assays Return Multiple High-Grade Intercepts. Confirming Both Expansion and Continuity of Primary High-Grade Subdomain and Confirmation of New High-Grade Subdomain at Depth

Highlights: RK-25-239 returns 13.0 m at 5.2% U3O8, including 0.5 m at 30.2% U3O8 confirming expansion of the growing high-grade subdomain 33 m up dip of RK-25-232 (15.0 m at 15.9% U3O8) RK-25-240 returns 10.0 m at 3.95% U3O8, including 0.5 m at 33.3% U3O8 in the down dip portion of the high-grade subdomain 266 m below RK-25-232 Assays from RK-25-230 (7.5 m at 5.3% U3O8 including 0.5 m at 35.9% U3O8), RK-25-233 (6.0 m at 2.4% U3O8 including 0.5 m at 23.4% U3O8), RK-25-236 (5.5 m at 2.3% U3O8 including 0.5 m at 13.3% U3O8) confirm continuity of high-grade subdomain; 47 m, 151 m, and 40 m respectively from RK-25-232 Confirmed the new high-grade subdomain, at 850 m below surface with RK-25-257 returning 4.5 m at 4.8% U3O8 including 0.5 m at 33.3% U3O8 located 67 m up dip of RK-24-202 (0.5 m at 6.9% U3O8). Confirms significant growth potential.
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=&0=&announces the final receipt of 2025 assay results that highlight the expansion and continuity of the high-grade subdomain at the Company’s 100% owned Patterson Corridor East (PCE) discovery located 3.5 km from the Arrow Deposit. The expansion of the high-grade subdomain is especially confirmed by RK-25-239 which returned 13.0 m at 5.2% U3O8, including 0.5 m at 30.2% U3O8, at 400 m below surface and RK-25-240 which returned 10.0 m at 3.95% U3O8, including 0.5 m at 33.3% U3O8, at 670 m below surface. Both of these holes share strong similarities with respect to their overall geological characteristics which span across 292 m of mineralized dip extent. (Figures 1-3, Table 1).

Results from RK-25-240 emphasize the potential extension of mineralization at depth where the system is open. Together with these results, the grades from RK-25-230 (Figure 4), RK-25-233, RK-25-236 have confirmed a strong core zone within the high-grade subdomain which remains open in most directions. read more

NexGen Announces New Off-Scale Mineralization Intersected at Patterson Corridor East (PCE) and Continued Expansion of High-Grade Sub Domain

RK-25-254 and RK-25-256 (both intersecting 2.0 and 2.1 m of off-scale (>61,000 cps)) are located 51 m and 119 m away from RK-25-232 (15 m at 15.9% U3O8). Results highlight the repetition of upgrading high-grade shoots within growing mineralized footprint. The following new holes intersected broad intercepts of cumulative mineralization (>500cps): RK-25-246: 20.5m including 2.5m >10,000cps RK-25-247: 18.0m including 2.5m >10,000cps RK-25-251: 9.5m RK-25-254: 19.5m including 5.0m >10,000cps including 2.0m >61,000cps RK-25-256: 10.0m including 3.3m >10,000cps including 2.1m >61,000cps
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NexGen Energy Ltd. (TSX: NXE) (NYSE: NXE) (ASX: NXG) (“NexGen” or the “Company”) is pleased to announce continued exciting results from the summer drill program at the rapidly advancing PCE. Step-out holes RK-25-254 and RK-25-256 intersected 2.0 m and 2.1 m of cumulative >61,000 counts per second (cps), respectively, located 51 m up-dip and 119 m down-dip of PCE’s best hole to date, RK-25-232 (Figures 1 and 2). These represent the best holes from the summer program to date and validate the growth in high-grade continuity. Overall, an upgraded high-grade shoot plunges a minimum 200 m from RK-25-254 to RK-24-222 as part of an emerging interpreted pattern of high-grade shoots spaced 70 m apart (Figures 2 and 3). read more

NexGen Announces Final 2024 and New 2025 Assay Results at Rapidly Growing Patterson Corridor East (PCE)

New assays from RK-25-227 return 12.0 m at 3.46% U3O8, including 2.5 m at 14.9% U3O8 and 0.5 m at 31.0% U3O8. All 2024 assays received Completed assays adding to the best intercepts previously disclosed in holes RK-25-232 (15.0 m at 15.9% U3O8 including 3.0 m at 47.8% U3O8, 1.5 m at 29.4% U3O8 and 0.5 m at 68.8% U3O8) and RK-24-222 (17.0 m at 3.85% U3O8).
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NexGen Energy Ltd. (TSX: NXE) (NYSE: NXE) (ASX: NXG) (“NexGen” or the “Company”) is pleased to announce additional exciting 2024 and winter 2025 assay results from exploration at Patterson Corridor East (“PCE”). Assays from 2024 are now fully received (Table 1). read more

NexGen Solidifies 100% Ownership of Its Entire Land Package

NexGen acquires Rio Tinto’s 10% production carried interest over 39 NexGen-owned mineral claims in the Southwest Athabasca Basin, including those hosting the Patterson Corridor East (PCE) discovery. NexGen now owns exclusively 100% of its entire portfolio of Projects and Properties which include Rook I (location of Arrow and PCE deposits), SW1 and SW3.
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NexGen Energy Ltd. (TSX: NXE) (NYSE: NXE) (ASX: NXG) (“NexGen” or the “Company”) is pleased to announce it has exercised its Right of First Refusal to acquire the 10% production carried interest (PCI) held by Rio Tinto Exploration Canada Inc. (Rio Tinto) over 39 of NexGen’s mineral claims in the Southwest Athabasca Basin, including those hosting the PCE discovery (Figure 1). NexGen’s entire portfolio including the Arrow deposit is now 100% owned (Figure 2). Concurrent with its exercise, NexGen has agreed to match a cash payment offered to Rio Tinto for the interest, the terms of which are contractually confidential. read more

NexGen Announces Regulatory Approval of 2025 Site Program at Rook I Property

2025 Program includes a temporary exploration airstrip, expansion of exploration camp facilities and site access road improvements. Patterson Corridor East (“PCE”) discovery is expanding rapidly and the 2025 Program will optimize this growth. Incorporating NexGen’s longstanding approach, the 2025 Program will prioritize and maximize local business opportunities.
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NexGen Energy Ltd.  (TSX: NXE) (NYSE: NXE) (ASX: NXG) (“NexGen” or the “Company”) is pleased to announce that the Saskatchewan Ministry of Environment has granted approval for NexGen’s 2025 Site Program (the “Program”) at its 100%-owned Rook I Property in the Athabasca Basin, Saskatchewan. The Program includes the establishment of a temporary exploration airstrip, expansion of the exploration accommodation camp facilities by 373 beds and site access road improvements. read more

NexGen Commences Expanded 43,000 Meter Drill Program at Patterson Corridor East

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Figure 1: PCE area with drilling to date and relative location to Arrow. The primary target area (shown in green) outlines where testing for high-grade expansion and footprint extents will focus. (CNW Group/NexGen Energy Ltd.)
Figure 1: PCE area with drilling to date and relative location to Arrow. The primary target area (shown in green) outlines where testing for high-grade expansion and footprint extents will focus. (CNW Group/NexGen Energy Ltd.)

NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX: NXE) (NYSE: NXE) (ASX: NXG) is excited to announce the commencement of a 43,000 meter (m) exploration drill program to continue to test the extents and growth of mineralization discovered in early 2024 at Patterson Corridor East (PCE) located 3.5 km east of the world-class Arrow Deposit. This systematic program represents an increase of 9,000 m from the 2024 program and is expected to be one of the largest drill programs in the Athabasca Basin, Saskatchewan in 2025. The initial results at PCE revealed vein-type uranium mineralization intersected within the competent basement rock, highly analogous to Arrow. Since discovery, the mineralized footprint at PCE has rapidly grown to 600 m along strike and 600 m of vertical extent (see November 12, 2024 news release). read more