Tag: Athabasca

NexGen Announces First Uranium Sales Contracts for 5 Million Pounds with Major US Utilities

Contracts feature market-related pricing mechanisms at time of delivery aligned with NexGen’s stated marketing strategy Strategic short-term agreements position NexGen to maximize value in strengthening uranium market
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NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX: NXE) (NYSE: NXE) (ASX: NXG) is pleased to announce it has been awarded the first uranium sales agreements with multiple leading US nuclear utility companies. read more

NexGen Achieves Major Permitting Milestone

The Canadian Nuclear Safety Commission (“CNSC”) has notified NexGen of successful completion of final Federal technical review. This is the key requirement to scheduling a Federal Commission Hearing date and subsequent Federal Project approval decision. The Federal Environmental Assessment (“EA”) and License represent the final major approval steps after having received Provincial EA approval in November 2023. In production, the Rook I Project is poised to make NexGen one of the world’s largest and most environmentally conscious mining companies.
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NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX: NXE) (NYSE: NXE) (ASX: NXG) is excited and proud to announce a major milestone in the Federal EA process for its 100%owned Rook I Project (“the Project”). The CNSC has provided NexGen formal confirmation that the Company has successfully addressed all information requests received as part of the Federal technical review. With completion of the CNSC technical review, the next and final steps in the Federal approval process include scheduling a Commission Hearing Date for the Project, subject to which the CNSC will render an approval decision on the Project. read more

NexGen Announces Best Hole to Date (RK-24-222) and High-Grade Expansion at Patterson Corridor East Concluding a Successful 2024 Drilling Program

NexGen’s 2024 exploration campaign delivered a new discovery on Rook I at Patterson Corridor East (“PCE”) 3.5km east of Arrow. Subsequent drilling has materially expanded the mineralized zone to 600 m strike length and 600 m vertical extent with 19 of 30 holes intersecting mineralization including 10 holes with multiple intervals >10,000 cps. Today’s announcement highlights the best hole to date at PCE (RK-24-222) returns 17.0 m wide vein with multiple high intensity (>61,000 cps) occurrences. In 2024, PCE is the largest drill program in the Athabasca Basin by any Company at 34,000 meters (m).
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Figure 1: Map view of PCE target area with the mineralized footprint wireframe shown in red; as of November 11, 2024 (CNW Group/NexGen Energy Ltd.)

Figure 1: Map view of PCE target area with the mineralized footprint wireframe shown in red; as of November 11, 2024 (CNW Group/NexGen Energy Ltd.)

NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX: NXE) (NYSE: NXE) (ASX: NXG) is proud to announce the completion of its 2024 drilling campaign at Patterson Corridor East (PCE) that included more than 34,000 m across a total of 46 drillholes. Upon initial discovery of intense uranium mineralization at PCE (see March 11 News Release), the Company directed all drilling activity to focus exclusively on PCE, whereby 19 of 30 holes intersected mineralization. Bold and systematic spacing of drillhole intercepts have quickly grown the discovery from a single hole to a broad and continuous new uranium discovery. Real-time evaluation of results throughout the duration of the program focused on determining the overall outer extents of the mineralized zone and in parallel, precisely targeting high-grade sub-domains (Figures 1 and 2, Table 1). read more

NexGen Announces Best Hole (RK-24-207) to Date and Material Expansion of Mineralized Zone at Patterson Corridor East

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Figure 1: Schematic plan view of mineralized footprint at Arrow and PCE at the same stage of drilling; gravity as background with low values in blue (CNW Group/NexGen Energy Ltd.)
Figure 1: Schematic plan view of mineralized footprint at Arrow and PCE at the same stage of drilling; gravity as background with low values in blue (CNW Group/NexGen Energy Ltd.)

 NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX: NXE) (NYSE: NXE) (ASX: NXG) is pleased to announce the mineralized zone at Patterson Corridor East (PCE) has materially expanded since the original discovery in the 2024 Winter Program (see NexGen News Release dated March 11, 2024). The Summer Drill Program commenced May 21st, with eight (8) out of twelve (12) drillholes intersecting mineralization to date (Figures 1 and 2, Table 1). Extensive mineralization plunges to the east with a span of 540 m along strike and 600 m vertical extent, showing wide intervals of elevated radioactivity that remain open at depth and along strike. In comparison, previously reported holes from PCE had identified two mineralized holes, 275 m apart. read more

NexGen Advances Through Completeness Check for the Final Federal Environmental Assessment Process

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NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX: NXE) (NYSE: NXE) (ASX: NXG) is pleased to announce that on June 21, 2024 the Canadian Nuclear Safety Commission (“CNSC“) concluded their 30-day completeness check of NexGen’s May 21, 2024 submission of responses to the remaining 49 technical review comments and revised Federal Environmental Impact Statement (“EIS“) for NexGen’s 100% owned Rook I Project (“Rook I” or the “Project“). read more

NexGen Receives Provincial Environmental Assessment Approval for the Rook I Project

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NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX: NXE) (NYSE: NXE) (ASX: NXG) is pleased to announce that it has received Ministerial approval under The Environmental Assessment Act of Saskatchewan to proceed with the development of its 100%-owned Rook I Project (the “Project”). read more

NexGen Closes US$110 Million Strategic Convertible Debenture Financing

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T.NXE, NexGen, uranium

 NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX: NXE) (NYSE: NXE) (ASX: NXG) is pleased to announce that it has closed its previously announced non-brokered private placement (the “Offering“) of US$110 million aggregate principal amount of unsecured convertible debentures (the “Debentures“) with Queen’s Road Capital Investment Ltd. (“QRC“) and Washington H Soul Pattinson and Company Limited (“WHSP“). read more

NexGen Announces US$110 Million Convertible Debenture Financing and Strategic Purchase of Common Shares

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NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX: NXE) (NYSE: NXE) (ASX: NXG) is pleased to announce that it has entered into binding term sheets with Queen’s Road Capital Investment Ltd. (“QRC”) and Washington H Soul Pattinson and Company Limited (“WHSP”) for a private placement (the “Offering”) of US$110 million aggregate principal amount of unsecured convertible debentures (the “Debentures”). read more

NexGen Announces the Appointment of Ben Salter as Chief Financial Officer & Tracy Primeau as Special Advisor

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NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX: NXE) (NYSE: NXE) (ASX: NXG) is pleased to announce the appointment of Ben Salter as Chief Financial Officer (“CFO”), effective September 1, 2023. Mr. Salter commenced with NexGen in June 2021 and currently holds the role of Vice President, Finance. He has extensive experience in financial reporting, regulatory compliance, internal controls, and corporate finance activities. Mr. Salter is a Chartered Professional Accountant and holds a Bachelor of Commerce from the University of Victoria. Prior to NexGen, Mr. Salter worked at Methanex Corporation and Innergex Renewable Energy Inc. (previously Alterra Power Corp.) where he was responsible for financial reporting, controls and systems. Mr. Salter will assume the CFO position upon the resignation of Harpreet Dhaliwal who is pursuing other career interests. read more