Tag: Rook 1 project

NexGen Receives Final Federal Approval for the Rook I Uranium Project

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=&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

NexGen Establishes Partnership with Indigenous Communities to Develop a New Hotel in La Loche to Support the Communities and Rook I Project

• The 59-room hotel with conference center, restaurant, cultural heritage centre and playground will meet growing regional accommodation demand and create 36 local full-time roles. • Partnership model highlights NexGen’s longstanding collaborative approach with Indigenous communities. • NexGen driving regional economic growth and community benefits in northern Saskatchewan with development of the Rook I Project.
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=&0=& =&1=&is pleased to announce the formation of an exciting partnership with the Clearwater River Dene Nation (CRDN) and Métis Nation – Saskatchewan (MN-S) Local 39, to build and operate a 59-room hotel in La Loche, Saskatchewan. Strategically located to serve the increased demand for local accommodation, particularly from the construction and operations of the Company’s 100% owned Rook I Project as well as other regional needs, the hotel will drive economic growth including the creation of 36 local full-time roles. NexGen’s Rook I Project will generate generational economic and social benefits to the region as it becomes an economic hub in Northern Saskatchewan.The partnership is financially backstopped by NexGen and structured such that the CRDN and MN-S Local 39 will be full owners and operators of the hotel once in operation in July 2027. The CRDN and MN-S have applied for Federal grant funding to support the local infrastructure build out. NexGen has appointed 3Twenty Modular as the builder of the hotel so that NexGen maintains its sole focus on the ramp up of the construction phase of its Rook I Project following an approval decision from the CNSC in February 2026. This model builds on the success of previous innovative collaborations, including the establishment by NexGen of the Indigenous owned aggregate crushing company which is providing significant aggregate material to the Rook I Project and is responsible for the creation of 16 new local full-time roles.

Leigh Curyer, Founder and Chief Executive Officer of NexGen, commented: “This partnership with the CRDN and MN-S Local 39 truly exemplifies NexGen’s commitment to meaningful collaboration for community empowerment, and is a testament to over a decade of genuine and transparent engagement. The hotel initiative is one example of NexGen’s industry leading approach to the successful resource development that incorporates the core philosophy of creating outcomes beyond the Rook I Project. 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 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

NexGen Announces Voting Results for Election of Directors and Appoints Sharon Birkett to Its Board of Directors

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NexGen Energy Ltd. (TSX: NXE) (NYSE: NXE) (ASX: NXG) (“NexGen” or the “Company”) is pleased to announce the voting results for the election of the Company’s Board of Directors and the appointment of Sharon Birkett to the Company at its annual general and special meeting of shareholders held on June 17, 2025 (the “Meeting“). read more