NexGen Announces Final 2024 and New 2025 Assay Results at Rapidly Growing Patterson Corridor East (PCE)
NexGen Energy (NYSE: NXE) has announced significant uranium exploration results from its Patterson Corridor East (PCE) project, located 3.5km east of its Arrow deposit. The latest assays from hole RK-25-227 revealed 12.0 meters at 3.46% U3O8, including impressive high-grade sections of 2.5m at 14.9% U3O8 and 0.5m at 31.0% U3O8.
The results demonstrate continuity of high-grade mineralization, with RK-25-227 positioned 100m down plunge of hole RK-25-232 (which previously returned 15.0m at 15.9% U3O8) and 100m up dip from RK-24-222 (which showed 17.0m at 3.85% U3O8). The PCE discovery is showing similarities to NexGen's Arrow deposit, being basement hosted with a high-grade sub-domain.
NexGen Energy (NYSE: NXE) ha annunciato risultati significativi nell'esplorazione di uranio nel suo progetto Patterson Corridor East (PCE), situato a 3,5 km a est del deposito Arrow. Le ultime analisi del foro RK-25-227 hanno rivelato 12,0 metri con il 3,46% di U3O8, includendo sezioni ad alta concentrazione di 2,5 m al 14,9% di U3O8 e 0,5 m al 31,0% di U3O8.
I risultati dimostrano la continuità della mineralizzazione ad alta concentrazione, con RK-25-227 posizionato 100 m più in basso rispetto al foro RK-25-232 (che aveva precedentemente mostrato 15,0 m al 15,9% di U3O8) e 100 m più in alto rispetto a RK-24-222 (che aveva evidenziato 17,0 m al 3,85% di U3O8). La scoperta PCE mostra somiglianze con il deposito Arrow di NexGen, essendo ospitata nella roccia di base con un sottodominio ad alta concentrazione.
NexGen Energy (NYSE: NXE) ha anunciado resultados significativos en la exploración de uranio en su proyecto Patterson Corridor East (PCE), ubicado a 3,5 km al este de su depósito Arrow. Los últimos ensayos del pozo RK-25-227 revelaron 12,0 metros con 3,46% de U3O8, incluyendo secciones de alta ley de 2,5 m con 14,9% de U3O8 y 0,5 m con 31,0% de U3O8.
Los resultados demuestran la continuidad de la mineralización de alta ley, con RK-25-227 situado 100 m cuesta abajo del pozo RK-25-232 (que previamente mostró 15,0 m con 15,9% de U3O8) y 100 m cuesta arriba de RK-24-222 (que mostró 17,0 m con 3,85% de U3O8). El descubrimiento PCE presenta similitudes con el depósito Arrow de NexGen, al estar alojado en la roca base con un subdominio de alta ley.
NexGen Energy (NYSE: NXE)는 Arrow 광상에서 동쪽으로 3.5km 떨어진 Patterson Corridor East (PCE) 프로젝트에서 중요한 우라늄 탐사 결과를 발표했습니다. RK-25-227 시추공의 최신 분석 결과는 12.0미터 구간에서 3.46% U3O8을 나타냈으며, 이 중 2.5m 구간에서 14.9% U3O8와 0.5m 구간에서 31.0% U3O8의 고등급 구간이 포함되어 있습니다.
이 결과는 고등급 광화의 연속성을 보여주며, RK-25-227은 이전에 15.0m 구간에서 15.9% U3O8를 기록한 RK-25-232 시추공에서 100m 아래쪽, 그리고 17.0m 구간에서 3.85% U3O8를 보인 RK-24-222 시추공에서 100m 위쪽에 위치해 있습니다. PCE 발견은 NexGen의 Arrow 광상과 유사성을 보이며, 기저암에 위치한 고등급 하위 영역입니다.
NexGen Energy (NYSE: NXE) a annoncé des résultats significatifs dans l'exploration d'uranium de son projet Patterson Corridor East (PCE), situé à 3,5 km à l'est de son gisement Arrow. Les derniers essais du forage RK-25-227 ont révélé 12,0 mètres à 3,46% de U3O8, incluant des sections à haute teneur de 2,5 m à 14,9% de U3O8 et 0,5 m à 31,0% de U3O8.
Ces résultats démontrent la continuité de la minéralisation à haute teneur, avec RK-25-227 situé 100 m en plongée sous le forage RK-25-232 (qui avait précédemment donné 15,0 m à 15,9% de U3O8) et 100 m en contre-plongée par rapport à RK-24-222 (qui avait montré 17,0 m à 3,85% de U3O8). La découverte PCE présente des similitudes avec le gisement Arrow de NexGen, étant hébergée dans le socle avec un sous-domaine à haute teneur.
NexGen Energy (NYSE: NXE) hat bedeutende Ergebnisse bei der Uranexploration seines Patterson Corridor East (PCE) Projekts bekannt gegeben, das 3,5 km östlich seines Arrow-Lagers liegt. Die neuesten Proben aus Bohrloch RK-25-227 zeigten 12,0 Meter mit 3,46% U3O8, darunter beeindruckende hochgradige Abschnitte von 2,5 m mit 14,9% U3O8 und 0,5 m mit 31,0% U3O8.
Die Ergebnisse belegen die Kontinuität der hochgradigen Mineralisierung, wobei RK-25-227 100 m hangabwärts von Bohrloch RK-25-232 liegt (das zuvor 15,0 m mit 15,9% U3O8 ergab) und 100 m hangaufwärts von RK-24-222 (das 17,0 m mit 3,85% U3O8 zeigte). Die Entdeckung PCE weist Ähnlichkeiten mit NexGens Arrow-Lager auf, da sie im Grundgebirge mit einem hochgradigen Subdomäne liegt.
- None.
- Project still in exploration phase with no resource estimate yet
- True thickness of mineralization yet to be determined
Insights
NexGen's new uranium assays show impressive high-grade results at PCE with mineralization continuity, indicating significant potential resource growth.
The latest assay results from NexGen's Patterson Corridor East (PCE) exploration program reveal exceptional uranium mineralization that substantially advances this emerging discovery. The standout result comes from hole RK-25-227, which returned
What's particularly significant is the demonstrated continuity of the high-grade mineralization. RK-25-227 is positioned 100 meters down-plunge from hole RK-25-232 (which returned
The PCE discovery is showing remarkable similarities to NexGen's flagship Arrow deposit, located 3.5km to the west. Both are basement-hosted systems with distinct high-grade sub-domains, suggesting PCE could potentially develop into a significant deposit. The mineralization at PCE remains open in all directions, indicating substantial room for expansion.
With these assay results demonstrating both grade consistency and spatial continuity, PCE is rapidly emerging as a material discovery. The multiple intercepts exceeding
- New assays from RK-25-227 return 12.0 m at
3.46% U3O8, including 2.5 m at14.9% U3O8 and 0.5 m at31.0% 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 at47.8% U3O8, 1.5 m at29.4% U3O8 and 0.5 m at68.8% U3O8) and RK-24-222 (17.0 m at3.85% U3O8).
Vancouver, British Columbia--(Newsfile Corp. - July 29, 2025) - 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).
New assays received from early winter 2025 with RK-25-227 returning 12.0 meters (m) at
Leigh Curyer, Chief Executive Officer, commented: "These new assays demonstrate PCE's high grade intensity and scale of mineralization, reflecting the emergence of a second major high-grade mineralized system 3.5km to the east of Arrow. To date, PCE is mirroring Arrow in many respects - basement hosted with a high grade sub-domain. Drilling will continue to systematically test both the overall footprint extent and inner high grade sub-domain at PCE which both remain open in all directions.
As demand for nuclear power continues to grow and Big Tech companies alongside global policy makers and a wide range of industries continue to adopt nuclear power. The demand is increasing considerably faster than ever anticipated and the opportunity for the southwest section of the Athabasca Basin in Saskatchewan to service this worldwide demand is massive for local communities, Saskatchewan and Canada. NexGen will continue to add resources through its efficient discovery and delineation of uranium resources to its already world recognized Rook I Project and prospective land holdings that remains over
Jason Craven, Vice President, Exploration, commented: "With the complete assay results for 2024 and early 2025, we are excited by the rapid growth of this material discovery and the similarities it exhibit to Arrows. The majority of the 2025 drill campaign remains ahead of us and the team is intensely focused on further unlocking the scale of PCE in the same cost and time efficient manner delivered with Arrow."
Figure 1: Core photo of assays from RK-25-227, grades are shown as % U3O8
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1745/260470_b8322aaf644a6a43_002full.jpg
Figure 2: Interpreted model of mineralization at PCE (as of this release) with newly received assay results highlighted; view is a long section that looks perpendicular to the primary mineralized plane; total mineralized footprint in orange and the high-grade subdomains in red
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1745/260470_b8322aaf644a6a43_003full.jpg
Table 1: 2024 Assays received since May 27 news release
| Drillhole | Unconformity Depth (m) | SRC Geoanalytical Results | ||||||
| (Cutoff | ||||||||
| Hole ID | Azimuth | Dip | Total Depth (m) | From (m) | To (m) | Width (m) | U3O8 (wt%) | |
| RK-24-207 | 330 | -70 | 801.0 | 114.9 | 730.5 | 732 | 1.5 | 0.33 |
| RK-24-208 | 310 | -70 | 756 | 104.3 | 655 | 655.5 | 0.5 | 0.03 |
| 657.5 | 658 | 0.5 | 0.04 | |||||
| 658.5 | 659 | 0.5 | 0.01 | |||||
| 659.5 | 660 | 0.5 | 0.02 | |||||
| 661.5 | 662 | 0.5 | 0.02 | |||||
| 665.5 | 667 | 1.5 | 0.03 | |||||
| 669.5 | 671.5 | 2 | 0.15 | |||||
| 673 | 675 | 2 | 0.08 | |||||
| 679 | 679.5 | 0.5 | 0.01 | |||||
| 680 | 681 | 1 | 0.04 | |||||
| 685.5 | 686 | 0.5 | 0.04 | |||||
| 686.5 | 688 | 1.5 | 0.27 | |||||
| 689 | 691 | 2 | 0.26 | |||||
| 691.5 | 697 | 5.5 | 0.19 | |||||
| 697.5 | 698.5 | 1 | 0.05 | |||||
| RK-24-209 | 310 | -70 | 840 | 110.7 | No Significant Intersections | |||
| RK-24-210 | 310 | -70 | 1095 | 102.4 | 854 | 855 | 1 | 0.04 |
| 855.5 | 856.5 | 1 | 0.10 | |||||
| 858 | 858.5 | 0.5 | 0.10 | |||||
| 862.5 | 863 | 0.5 | 0.03 | |||||
| 863.5 | 864 | 0.5 | 0.01 | |||||
| 869.5 | 870 | 0.5 | 0.01 | |||||
| 874.5 | 875 | 0.5 | 0.02 | |||||
| 875.5 | 883.5 | 8 | 0.13 | |||||
| 884 | 885 | 1 | 0.01 | |||||
| 885.5 | 887 | 1.5 | 0.08 | |||||
| 888 | 889 | 1 | 0.05 | |||||
| 915.5 | 916.5 | 1 | 0.02 | |||||
| 920 | 920.5 | 0.5 | 0.01 | |||||
| 921 | 921.5 | 0.5 | 0.03 | |||||
| RK-24-211 | 310 | -70 | 1302 | 103.1 | No Significant Intersections | |||
| RK-24-214 | 310 | -70 | 989 | 111.6 | 859.5 | 860 | 0.5 | 0.01 |
| 863 | 864 | 1 | 0.08 | |||||
| 865 | 866.5 | 1.5 | 0.05 | |||||
| 868 | 869 | 1 | 0.18 | |||||
| RK-24-215 | 310 | -70 | 840 | 114.8 | 542 | 547.5 | 5.5 | 0.31 |
| 551.5 | 553.5 | 2 | 0.04 | |||||
| 560.5 | 561 | 0.5 | 0.01 | |||||
| 570 | 571 | 1 | 0.04 | |||||
| 571.5 | 572.5 | 1 | 0.04 | |||||
| 575 | 575.5 | 0.5 | 0.01 | |||||
| 583 | 584 | 1 | 0.02 | |||||
| 584.5 | 590 | 5.5 | 0.13 | |||||
| 590.5 | 591.5 | 1 | 0.02 | |||||
| 595 | 595.5 | 0.5 | 0.01 | |||||
| 597 | 598 | 1 | 0.01 | |||||
| 600 | 600.5 | 0.5 | 0.04 | |||||
| 601 | 601.5 | 0.5 | 0.02 | |||||
| 603.5 | 605.5 | 2 | 0.02 | |||||
| 609 | 609.5 | 0.5 | 0.30 | |||||
| 610 | 610.5 | 0.5 | 0.16 | |||||
| 621.5 | 622 | 0.5 | 0.09 | |||||
| 633.5 | 634 | 0.5 | 0.02 | |||||
| 634.5 | 635.5 | 1 | 0.01 | |||||
| 646 | 647.5 | 1.5 | 0.08 | |||||
| 648 | 648.5 | 0.5 | 0.02 | |||||
| 657 | 657.5 | 0.5 | 0.04 | |||||
| 658 | 659.5 | 1.5 | 0.08 | |||||
| 681 | 682 | 1 | 0.06 | |||||
| RK-24-221 | 310 | -70 | 861.6 | 115.9 | 594.5 | 596 | 1.5 | 0.05 |
| 597.5 | 598 | 0.5 | 0.60 | |||||
| 599 | 599.5 | 0.5 | 0.17 | |||||
| 642 | 643.5 | 1.5 | 0.02 | |||||
| 644 | 644.5 | 0.5 | 0.02 | |||||
| 650.5 | 651 | 0.5 | 0.01 | |||||
| 690 | 690.5 | 0.5 | 0.01 | |||||
| 698 | 698.5 | 0.5 | 0.05 | |||||
| RK-24-222* | 354 | -65 | 753 | 108.4 | 588 | 588.5 | 0.5 | 0.08 |
| 600 | 600.5 | 0.5 | 0.01 | |||||
| 602.5 | 604.5 | 2 | 0.15 | |||||
| 604.5 | 621.5 | 17 | 3.85 | |||||
| incl. | 607 | 610 | 3 | 10.12 | ||||
| 622 | 626 | 4 | 1.14 | |||||
| incl. | 625 | 626 | 1 | 2.85 | ||||
| 628.5 | 630 | 1.5 | 0.07 | |||||
| 638 | 638.5 | 0.5 | 0.02 | |||||
| 640 | 641 | 1 | 0.05 | |||||
| 649 | 649.5 | 0.5 | 0.02 | |||||
| 658 | 659 | 1 | 0.06 | |||||
| 668.5 | 669 | 0.5 | 0.03 | |||||
| RK-24-223 | 345 | -66 | 876 | 106.8 | 737.5 | 738.5 | 1 | 0.13 |
| 743 | 743.5 | 0.5 | 0.06 | |||||
| 749 | 750 | 1 | 0.02 | |||||
| 756.5 | 757 | 0.5 | 0.02 | |||||
| 757.5 | 758 | 0.5 | 0.01 | |||||
| 758.5 | 759.5 | 1 | 0.05 | |||||
| 760 | 760.5 | 0.5 | 0.06 | |||||
| 763.5 | 764.5 | 1 | 0.02 | |||||
| 773.5 | 774.5 | 1 | 0.46 | |||||
| RK-24-224 | 310 | -70 | 744 | 115.8 | 495.5 | 496 | 0.5 | 0.02 |
| 501.5 | 504 | 2.5 | 0.03 | |||||
| 509 | 516 | 7 | 0.08 | |||||
| 516.5 | 520 | 3.5 | 0.04 | |||||
| 522 | 524 | 2 | 0.06 | |||||
| 536 | 537 | 1 | 0.04 | |||||
- All depths and intervals are meters downhole, true thicknesses are yet to be determined.
- Unconformity of 'N/A' denotes a lack of visible contact between Athabasca sandstone and basement rock.
- Maximum internal dilution 2.0 m downhole.
- Minimum thickness of 0.5 m downhole.
- Cutoff grade
0.01% U3O8. - All depths and intervals are meters downhole, true thicknesses are yet to be determined. Resource modelling in conjunction with an updated mineral resource estimate is required before true thicknesses can be determined.
- * Results for RK-24-222 from 604.5 to 621.5 m previously reported on May 27, 2025 and shown here for complete reference
Table 2: 2025 Assay results received since May 27 news release
| Drillhole | Unconformity Depth (m) | SRC Geoanalytical Results | ||||||
| (Cutoff | ||||||||
| Hole ID | Azimuth | Dip | Total Depth (m) | From (m) | To (m) | Width (m) | U3O8 (wt%) | |
| RK-25-225 | 330 | -70 | 684 | 108.6 | 474.5 | 477 | 2.5 | 0.02 |
| 479.5 | 480 | 0.5 | 0.16 | |||||
| 482 | 482.5 | 0.5 | 0.12 | |||||
| 483.5 | 485 | 1.5 | 0.03 | |||||
| 486 | 486.5 | 0.5 | 0.01 | |||||
| 488 | 489 | 1 | 0.02 | |||||
| 491 | 491.5 | 0.5 | 0.02 | |||||
| 496.5 | 497 | 0.5 | 0.01 | |||||
| 498 | 499.5 | 1.5 | 0.09 | |||||
| 500.5 | 501 | 0.5 | 0.01 | |||||
| 508.5 | 511.5 | 3 | 0.04 | |||||
| 512.5 | 513 | 0.5 | 0.02 | |||||
| 517.5 | 518 | 0.5 | 0.02 | |||||
| 520.5 | 521 | 0.5 | 0.01 | |||||
| 523 | 524 | 1 | 0.04 | |||||
| 526.5 | 527 | 0.5 | 0.05 | |||||
| 538.5 | 540.5 | 2 | 0.02 | |||||
| 541 | 543 | 2 | 0.07 | |||||
| 574.5 | 575.5 | 1 | 0.03 | |||||
| RK-25-226 | 330 | -70 | 655.5 | N/A | 537 | 542 | 5 | 0.02 |
| 578 | 581 | 3 | 0.07 | |||||
| 581.5 | 583 | 1.5 | 0.02 | |||||
| 583.5 | 584.5 | 1 | 0.22 | |||||
| 586.5 | 587.5 | 1 | 0.02 | |||||
| 589 | 594.5 | 5.5 | 0.11 | |||||
| 595 | 603.5 | 8.5 | 0.07 | |||||
| 605.5 | 606.5 | 1 | 0.03 | |||||
| RK-25-227 | 330 | -70 | 657 | 113.4 | 493 | 494 | 1 | 0.02 |
| 496 | 497 | 1 | 0.02 | |||||
| 497.5 | 498.5 | 1 | 0.03 | |||||
| 505.5 | 510 | 4.5 | 0.13 | |||||
| 511 | 512.5 | 1.5 | 0.02 | |||||
| 513.5 | 524.5 | 11 | 0.33 | |||||
| incl. | 517.5 | 518 | 0.5 | 1.0 | ||||
| incl. | 520 | 520.5 | 0.5 | 1.5 | ||||
| 525.5 | 526.5 | 1 | 0.02 | |||||
| 529 | 531 | 2 | 0.03 | |||||
| 533.5 | 545.5 | 12 | 3.46 | |||||
| incl. | 537.5 | 540 | 2.5 | 14.9 | ||||
| incl. | 538 | 538.5 | 0.5 | 31.0 | ||||
| 551.5 | 553.5 | 2 | 0.06 | |||||
| 562 | 564 | 2 | 0.05 | |||||
| RK-25-228 | 330 | -75 | 609 | 117.1 | 492.5 | 495 | 2.5 | 0.03 |
| 495.5 | 497.5 | 2 | 0.04 | |||||
| 508 | 508.5 | 0.5 | 0.02 | |||||
| 545.5 | 546 | 0.5 | 0.06 | |||||
| 561.5 | 562.5 | 1 | 0.02 | |||||
| RK-25-229 | 350 | -70 | 681.4 | 113.2 | Assays Pending* | |||
| RK-25-230 | 330 | -70 | 598 | 112.5 | Assays Pending* | |||
| RK-25-231 | 329 | -69.5 | 885 | 102.7 | Assays Pending* | |||
| RK-25-232** | 330 | -70 | 552.4 | 112.5 | 388 | 389 | 1 | 0.01 |
| 392.5 | 396 | 3.5 | 0.04 | |||||
| 408 | 409 | 1 | 0.05 | |||||
| 409.5 | 413.5 | 4 | 0.04 | |||||
| 414.5 | 415 | 0.5 | 0.01 | |||||
| 426.5 | 428 | 1.5 | 0.02 | |||||
| 431 | 431.5 | 0.5 | 0.01 | |||||
| 433 | 433.5 | 0.5 | 0.01 | |||||
| 435 | 438 | 3 | 0.05 | |||||
| 443.5 | 444 | 0.5 | 0.01 | |||||
| 444.5 | 445.5 | 1 | 0.02 | |||||
| 447 | 447.5 | 0.5 | 0.01 | |||||
| 449.5 | 450 | 0.5 | 0.06 | |||||
| 452 | 467 | 15 | 15.9 | |||||
| incl. | 458.5 | 461.5 | 3 | 47.8 | ||||
| incl. | 459.5 | 460 | 0.5 | 68.8 | ||||
| incl. | 463.5 | 465 | 1.5 | 29.4 | ||||
| 482 | 482.5 | 0.5 | 0.06 | |||||
| 483.5 | 486.5 | 3 | 0.07 | |||||
| 495.5 | 497 | 1.5 | 0.11 | |||||
| 499.5 | 500.5 | 1 | 0.09 | |||||
| 502 | 503.5 | 1.5 | 0.06 | |||||
| 505 | 505.5 | 0.5 | 0.01 | |||||
| 515.5 | 516.5 | 1 | 0.04 | |||||
| 541.5 | 542 | 0.5 | 0.03 | |||||
| RK-25-233 | 330 | -70 | 694 | 109.7 | Assays Pending* | |||
| RK-25-234 | 330 | -70 | 747 | 113 | Assays Pending* | |||
| RK-25-235 | 270 | -70 | 858 | 105.5 | Assays Pending | |||
| RK-25-236 | 267 | -65 | 541 | 129 | Assays Pending* | |||
| RK-25-237 | 340 | -70 | 816 | 104.6 | No Significant Intersections | |||
| RK-25-238a | 279 | -67 | 165 | 123.4 | No Significant Intersections | |||
| RK-25-239 | 278 | -68 | 594 | 123.4 | Assays Pending* | |||
| RK-25-240 | 270 | -70 | 893 | 106.1 | Assays Pending* | |||
| RK-25-241 | 320 | -71 | 534 | 117.2 | Assays Pending* | |||
| RK-25-242 | 270 | -70 | 555 | 124.5 | No Significant Intersections | |||
| RK-25-243 | 276 | -66 | 579 | 126.8 | Assays Pending* | |||
| RK-25-244 | 330 | -70 | 586.6 | 112.4 | Assays Pending* | |||
- All depths and intervals are meters downhole, true thicknesses are yet to be determined.
- Unconformity of 'N/A' denotes a lack of visible contact between Athabasca sandstone and basement rock.
- Maximum internal dilution 2.0 m downhole.
- Minimum thickness of 0.5 m downhole.
- Cutoff grade
0.01% U3O8. - All depths and intervals are metres downhole, true thicknesses are yet to be determined. Resource modelling in conjunction with an updated mineral resource estimate is required before true thicknesses can be determined.
- * Denotes results that correlate to high-grade levels of radioactivity (>10,000 cps)
- ** Results for RK-25-232 from 388.0 to 440.0 m and 452.0 to 467.0 m previously reported on May 27, 2025 and shown here for complete reference.
About NexGen
NexGen Energy is a Canadian company focused on delivering clean energy fuel for the future. The Company's flagship Rook I Project is being optimally developed into the largest low-cost producing uranium mine globally, incorporating the most elite environmental and social governance standards. The Rook I Project is supported by an N.I. 43-101 compliant Feasibility Study, which outlines the elite environmental performance and industry-leading economics. NexGen is led by a team of experienced uranium and mining industry professionals with expertise across the entire mining life cycle, including exploration, financing, project engineering and construction, operations and closure. NexGen is leveraging its proven experience to deliver a Project that leads the entire mining industry socially, technically and environmentally. The Project and prospective portfolio in northern Saskatchewan will provide generational, long-term economic, environmental, and social benefits for Saskatchewan, Canada, and the world.
NexGen is listed on the Toronto Stock Exchange, the New York Stock Exchange under the ticker symbol "NXE," and on the Australian Securities Exchange under the ticker symbol "NXG," providing access to global investors to participate in NexGen's mission of solving three major global challenges in decarbonization, energy security and access to power. The Company is headquartered in Vancouver, British Columbia, with its primary operations office in Saskatoon, Saskatchewan.
Contact Information
Leigh Curyer
Chief Executive Officer
NexGen Energy Ltd.
+1 604 428 4112
lcuryer@nxe-energy.ca
www.nexgenenergy.ca
Travis McPherson
Chief Commercial Officer
NexGen Energy Ltd.
+1 604 428 4112
tmcpherson@nxe-energy.ca
www.nexgenenergy.ca
Monica Kras
Vice President, Corporate Development
NexGen Energy Ltd.
+44 7307 191933
mkras@nxe-energy.ca
www.nexgenenergy.ca
Technical Disclosure*
All technical information in this news release has been reviewed and approved by Jason Craven, NexGen's Vice President, Exploration, a qualified person under National Instrument 43-101.
Natural gamma radiation in drill core reported in this news release was measured in counts per second (cps) using a Radiation Solutions Inc. RS-125 gamma spectrometer. The reader is cautioned that total count gamma readings may not be directly or uniformly related to uranium grades of the rock sample measured; they should be used only as a preliminary indication of the presence of radioactive minerals.
A technical report in respect of the FS is filed on SEDAR (www.sedarplus.ca) and EDGAR (www.sec.gov/edgar.shtml) and is available for review on NexGen Energy's website (www.nexgenenergy.ca).
Cautionary Note to U.S. Investors
This news release includes Mineral Reserves and Mineral Resources classification terms that comply with reporting standards in Canada and the Mineral Reserves and the Mineral Resources estimates are made in accordance with NI 43-101. NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. These standards differ from the requirements of the Securities and Exchange Commission ("SEC") set by the SEC's rules that are applicable to domestic United States reporting companies. Consequently, Mineral Reserves and Mineral Resources information included in this news release is not comparable to similar information that would generally be disclosed by domestic U.S. reporting companies subject to the reporting and disclosure requirements of the SEC Accordingly, information concerning mineral deposits set forth herein may not be comparable with information made public by companies that report in accordance with U.S. standards.
Forward-Looking Information
The information contained herein contains "forward-looking statements" within the meaning of applicable United States securities laws and regulations and "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to mineral reserve and mineral resource estimates, the 2021 Arrow Deposit, Rook I Project and estimates of uranium production, grade and long-term average uranium prices, anticipated effects of completed drill results on the Rook I Project, planned work programs, completion of further site investigations and engineering work to support basic engineering of the project and expected outcomes. Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. Statements relating to "mineral resources" are deemed to be forward-looking information, as they involve the implied assessment that, based on certain estimates and assumptions, the mineral resources described can be profitably produced in the future.
Forward-looking information and statements are based on the then current expectations, beliefs, assumptions, estimates and forecasts about NexGen's business and the industry and markets in which it operates. Forward-looking information and statements are made based upon numerous assumptions, including among others, that the mineral reserve and resources estimates and the key assumptions and parameters on which such estimates are based are as set out in this news release and the technical report for the property , the results of planned exploration activities are as anticipated, the price and market supply of uranium, the cost of planned exploration activities, that financing will be available if and when needed and on reasonable terms, that third party contractors, equipment, supplies and governmental and other approvals required to conduct NexGen's planned exploration activities will be available on reasonable terms and in a timely manner and that general business and economic conditions will not change in a material adverse manner. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate in the future.
Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual results, performances and achievements of NexGen to differ materially from any projections of results, performances and achievements of NexGen expressed or implied by such forward-looking information or statements, including, among others, the existence of negative operating cash flow and dependence on third party financing, uncertainty of the availability of additional financing, the risk that pending assay results will not confirm previously announced preliminary results, conclusions of economic valuations, the risk that actual results of exploration activities will be different than anticipated, the cost of labour, equipment or materials will increase more than expected, that the future price of uranium will decline or otherwise not rise to an economic level, the appeal of alternate sources of energy to uranium-produced energy, that the Canadian dollar will strengthen against the U.S. dollar, that mineral resources and reserves are not as estimated, that actual costs or actual results of reclamation activities are greater than expected, that changes in project parameters and plans continue to be refined and may result in increased costs, of unexpected variations in mineral resources and reserves, grade or recovery rates or other risks generally associated with mining, unanticipated delays in obtaining governmental, regulatory or First Nations approvals, risks related to First Nations title and consultation, reliance upon key management and other personnel, deficiencies in the Company's title to its properties, uninsurable risks, failure to manage conflicts of interest, failure to obtain or maintain required permits and licences, risks related to changes in laws, regulations, policy and public perception, as well as those factors or other risks as more fully described in NexGen's Annual Information Form dated March 3, 2025 filed with the securities commissions of all of the provinces of Canada except Quebec and in NexGen's 40-F filed with the United States Securities and Exchange Commission, which are available on SEDAR at www.sedarplus.ca and Edgar at www.sec.gov.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or statements or implied by forward-looking information or statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Readers are cautioned not to place undue reliance on forward-looking information or statements due to the inherent uncertainty thereof.
There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/260470
FAQ
What were the key uranium assay results from NexGen's PCE discovery in 2025?
How does NexGen's PCE discovery compare to their Arrow deposit?
What is the significance of NXE's latest drilling results at Patterson Corridor East?
Where is NexGen's PCE uranium discovery located?
What are the next steps for NexGen's PCE uranium discovery?
