Tag: TSX:NXE

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 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

NexGen Releases 2024 Sustainability Report

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NexGen Energy Ltd. (TSX: NXE) (NYSE: NXE) (ASX: NXG) (“NexGen” or the “Company”) is proud to announce the release of its 2024 Sustainability Report (“the Report”) that covers the period January 1, 2024, to December 31, 2024. The Report marks the fifth year that NexGen has reported on the Company’s robust Environmental, Social, and Governance profile. In addition to reporting in accordance with the Global Reporting Initiative (“GRI”) Standards, the Report demonstrates alignment with the Task Force of Climate-related Financial Disclosures (“TCFD”). 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 Announces Best Assays from Patterson Corridor East in Hole RK-25-232

RK-25-232 assays returned NexGen’s best discovery phase intercept to date: 15.0 m at 15.9% U3O8 including 3.0 m at 47.8%, 1.5 m at 29.4% and an intercept of 0.5 m at 68.8% Ranks among the world’s highest-grade basement-hosted uranium vein intercepts, validating the growing significance of Patterson Corridor East (“PCE”) Exceptional continuity confirmed, with RK-24-222 intersecting 17.0 m at 3.85% U3O8, located 200 m from RK-25-232 Winter 2025 drill program added 9 new high-grade intercepts, reinforcing the scale and strength of the system
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NexGen Energy Ltd. (TSX: NXE) (NYSE: NXE) (ASX: NXG) (“NexGen” or the “Company”) is thrilled to announce the Company’s best discovery phase assay results, with 15.0 meters (m) at 15.9% U3O8, including a peak intercept of 0.5 m at an exceptional 68.8% U3O8, in drillhole RK-25-232. Included within this phenomenal intercept is 3.0 m at 47.8% U3O8 and 1.5 m at 29.4% U3O8. This result ranks among the highest-grade basement hosted uranium vein intercepts in the world. read more

NexGen Announces Best Ever Discovery-Phase Intercept At Rook I Property

RK-25-232 intersects broad zone of intense mineralization including 3.9 m of >61,000 cps High-grade subdomain doubles in size to 210 m strike and 335 m vertical extent Represents best hole drilled at any NexGen property, including Arrow, during the discovery-phase of exploration
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Figure 1: Interpreted model of mineralization at PCE (as of this release) and same exploration stage of the A2 shear mineralization from Arrow (as of Spring 2015); both are shown on long sections that look perpendicular to their primary mineralized planes; total mineralized footprint in orange and the high-grade subdomains in red; 2019 Feasibility Study notes 174.2 Mlbs U3O8 measured and indicated hosted by final A2 (CNW Group/NexGen Energy Ltd.)

Figure 1: Interpreted model of mineralization at PCE (as of this release) and same exploration stage of the A2 shear mineralization from Arrow (as of Spring 2015); both are shown on long sections that look perpendicular to their primary mineralized planes; total mineralized footprint in orange and the high-grade subdomains in red; 2019 Feasibility Study notes 174.2 Mlbs U3O8 measured and indicated hosted by final A2 (CNW Group/NexGen Energy Ltd.)

NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX: NXE) (NYSE: NXE) (ASX: NXG) is excited to announce the best hole drilled to date, RK-25-232 (Figures 1 and 2). This hole has materially expanded the shallow inner high-grade subdomain at Patterson Corridor East (PCE). 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