Tag: Athabasca

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 Announces Expansion of High-Grade Subdomain at Patterson Corridor East (PCE) and Commencement of 2026 Exploration Program Totalling 45,500 Meters

PCE Expansion: • Vertical extent of high-grade subdomain has increased by 23% from 335 m to 412 m with 210 m of strike length. • Additional expansion of the mineralized footprint to 700 m vertical extent (from 600 m) and to 620 m strike length (from 600 m). • Additional high-grade subdomain building at 850 m below surface, extending high-grade in this portion of the mineralization and opening it to further growth. 2026 Drilling Program Commencement: • 42,000 meters (“m”) of diamond drilling at PCE in 2026 to be largest program conducted at the discovery to date building on the highly successful 2025 growth and results. • Inaugural drilling at NexGen’s 100% owned SW3 property with 3,500 m to advance high-priority targets.
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NexGen Energy Ltd. (TSX: NXE) (NYSE: NXE) (ASX: NXG) (“NexGen” or the “Company”) is pleased to announce the concluding holes of the 2025 PCE program and the commencement of the 2026 Exploration Program. read more

NexGen Announces Highest-Grade Assay to Date from Patterson Corridor East

RK-25-256 returns 5.5 m at 21.4% U3O8, including 2.5 m at 46.1% U3O8 and including 0.5 m at 74.8% U3O8, Rook I developing a multi-generational portfolio of uranium projects in the southwest Athabasca Basin, Saskatchewan, Canada.
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NexGen Energy Ltd. (TSX: NXE) (NYSE: NXE) (ASX: NXG) (“NexGen” or the “Company”) is pleased to announce its highest-grade assay results to date at the Company’s 100%-owned Patterson Corridor East (“PCE“) with drill hole RK-25-256. Assays returned 5.5 meters (“m”) at 21.4% U3O8 between 590.0 and 595.5 m depth, including 2.5 m at 46.1% U3O8 and 0.5 m at 74.8% U3O8 (Figures 1 and 2; Table 1) as well as a separate and adjacent intercept of 1.5 m at 5.28% U3O8. 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 Doubling of Contracted Sales Volumes with 5 Million Pound Uranium Offtake Contract with Major US Utility

Contracted volumes double to more than 10 million pounds. Market related pricing mechanisms providing the most significant leverage to future prices at time of delivery. Ongoing negotiations with multiple entities for additional offtake contracts.
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NexGen Energy Ltd. (TSX: NXE) (NYSE: NXE) (ASX: NXG) (“NexGen” or the “Company”) is pleased to announce it has secured a new uranium offtake contract with another major US based utility for the delivery of 1 million pounds of uranium per year over a five-year period. Commencing in the first year of commercial production, this latest uranium sales agreement follows the Company’s first sales contracts announced in December 2024 (link NR December 4, 2024). This contract reflects the significant materiality of NexGen’s Rook I Project in the future supply of uranium at a time when sovereign and technical risk surrounding current production sources is at unprecedented levels worldwide. 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