Nexgen Energy Stock Price, News & Analysis

NexGen Energy (NYSE: NXE) has acquired Rio Tinto's 10% production carried interest (PCI) over 39 mineral claims in the Southwest Athabasca Basin, including the Patterson Corridor East (PCE) discovery. This strategic acquisition gives NexGen 100% ownership of its entire portfolio, which includes the Rook I project (home to Arrow and PCE deposits), SW1, and SW3.

The transaction involves a confidential cash payment to Rio Tinto and eliminates the previous arrangement where Rio Tinto would have received 10% of future production. This consolidation strengthens NexGen's position in the uranium market, which is experiencing structural deficit amid increasing demand, particularly driven by over US$100BN in AI data centers planned to be powered by nuclear energy.

NexGen Energy announced voting results for its Board of Directors election and appointed Sharon Birkett as a new board member at its annual meeting on June 17, 2025. All nine nominees were successfully elected, with voting percentages ranging from 57.17% to 99.60%. Birkett, who brings nearly two decades of experience as CFO of Multi-Color/Collotype Labels and expertise in financial management, will serve as Chair of the Audit Committee. She replaces Trevor Thiele, who retired after 12 years of service. The board changes also include the departure of Susannah Pierce, who withdrew her nomination due to other commitments. Birkett's appointment is particularly significant given her track record in completing 30 bolt-on acquisitions worth $20 million to over $1 billion, and her expertise in corporate governance and financial management.

NexGen Energy (NYSE: NXE) has released its 2024 Sustainability Report, marking significant achievements in environmental, social, and governance initiatives. The company completed the Canadian Nuclear Safety Commission Environmental Assessment technical review for its Rook I Project, a major milestone for the first greenfield uranium mine in Canada in 20 years. NexGen demonstrated strong community engagement, winning the 2024 ABEX Community Involvement Award and achieving 82% local employment. The company's Rook I Project is projected to generate a $37 billion economic impact for Saskatchewan and Canada over its development and initial 11-year production period, with potential for a 24-year mine life. Environmental achievements include 73% reduction in land disturbance and 83% reclamation of disturbed exploration areas. The company expanded its training programs, benefiting over 500 local participants, and aligned with TCFD standards for climate-related disclosures.

NexGen Energy has received approval from Saskatchewan's Ministry of Environment for its 2025 Site Program at the Rook I Property. The program includes three major infrastructure developments: a temporary exploration airstrip, expansion of camp facilities with 373 additional beds, and improvements to the site access road. These enhancements will support the company's exploration activities, particularly at the Patterson Corridor East (PCE) discovery, located 3.5km east of the Arrow deposit. The program will begin in the coming weeks and is expected to complete with camp commissioning in Q1 2026. Premier Scott Moe expressed strong support for the project, highlighting its significance for Saskatchewan's uranium mining sector. The program emphasizes local participation and will create new employment opportunities for Indigenous and community members.

NexGen Energy (NXE) has announced exceptional uranium discovery results from its Patterson Corridor East (PCE) exploration program. The highlight is drillhole RK-25-232, which returned 15.0 meters at 15.9% U3O8, including a remarkable peak intercept of 0.5m at 68.8% U3O8. This ranks among the world's highest-grade basement-hosted uranium discoveries. The program demonstrated strong continuity with RK-24-222 intersecting 17.0m at 3.85% U3O8 located 200m from RK-25-232. The Winter 2025 program added 9 new high-grade intercepts, bringing the total to 13, with mineralization remaining open in most directions. PCE is located just 3.5km from NexGen's Rook I Project, which is in final federal approval stages after receiving Provincial Approval in November 2023.

NexGen Energy (NYSE: NXE) has announced its upcoming Q1 2025 conference call scheduled for Tuesday, May 20, 2025, at 10:00 am EST. The call will feature key executives including CEO Leigh Curyer, CCO Travis McPherson, and CFO Benjamin Salter, who will provide updates on several important aspects of the company's operations.

The presentation will focus on the company's wholly-owned Rook I Project, covering recent milestones in project development, utility contracting, and preparations for the final Commission Hearing. Management will also discuss new exploration findings at the Patterson Corridor East discovery and provide insights on market fundamentals, including supply constraints and demand drivers.

The company will release its Q1 2025 financial statements and MD&A on May 13, 2025, before market open.

NexGen Energy (TSX: NXE) (NYSE: NXE) (ASX: NXG) has announced its upcoming Annual General and Special Meeting scheduled for June 17, 2025. Shareholders will vote on key matters including: electing directors with new proposed board member Sharon Birkett, reducing the Stock Option Plan's rolling maximum from 20% to 10% of outstanding shares, reappointing KPMG as auditor, and setting the number of directors at ten. The meeting will be accessible via webcast and conference call, with the proxy voting deadline set for June 13, 2025.

NexGen Energy (TSX: NXE) has announced a significant discovery at its Rook I property, with drillhole RK-25-232 delivering the best-ever discovery-phase intercept. The hole intersected 3.9 meters of >61,000 cps uranium mineralization within a larger 13.8m mineralized interval starting at 452.2m depth.

The high-grade subdomain at Patterson Corridor East (PCE) has doubled in size since November 2024, now extending 210m along strike and 335m of vertical extent. Four additional winter drillholes (RK-25-227, -230, -233, -236) have all encountered high-grade intercepts, with mineralization remaining open in all directions, including 300m up dip within the basement rock.

This discovery represents a transformational moment for PCE, potentially rivaling NexGen's Arrow Deposit at the same development stage. The company plans to focus ongoing exploration on expanding this high-grade zone from hole RK-25-232.

NexGen Energy (TSX: NXE) (NYSE: NXE) (ASX: NXG) has received proposed Commission Hearing dates from the Canadian Nuclear Safety Commission (CNSC) for its wholly-owned Rook I Project. The hearings are scheduled for November 19, 2025 and February 9-13, 2026.

The company initiated the regulatory Environmental Assessment (EA) process in April 2019, secured Provincial EA approval in November 2023, and has completed the Federal technical review with acceptance of the Federal Environmental Impact Statement. Notably, all local communities in the Project Area have formally endorsed the project through Impact Benefit Agreements covering the entire operational lifecycle and closure.