NexGen Solidifies 100% Ownership of Its Entire Land Package
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 (NYSE: NXE) ha acquisito il 10% di interesse produttivo (PCI) di Rio Tinto su 39 concessioni minerarie nel Bacino Sud-Ovest di Athabasca, inclusa la scoperta del Patterson Corridor East (PCE). Questa acquisizione strategica conferisce a NexGen la proprietà totale del suo intero portafoglio, che comprende il progetto Rook I (che ospita i depositi Arrow e PCE), SW1 e SW3.
L'operazione prevede un pagamento in contanti riservato a Rio Tinto e elimina il precedente accordo per cui Rio Tinto avrebbe ricevuto il 10% della produzione futura. Questa consolidazione rafforza la posizione di NexGen nel mercato dell'uranio, che sta vivendo un deficit strutturale a causa della crescente domanda, spinta in particolare da oltre 100 miliardi di dollari in centri dati per l'intelligenza artificiale previsti per essere alimentati da energia nucleare.
NexGen Energy (NYSE: NXE) ha adquirido el 10% de interés en la producción (PCI) de Rio Tinto sobre 39 concesiones minerales en la Cuenca Suroeste de Athabasca, incluyendo el descubrimiento Patterson Corridor East (PCE). Esta adquisición estratégica otorga a NexGen la propiedad total de todo su portafolio, que incluye el proyecto Rook I (hogar de los depósitos Arrow y PCE), SW1 y SW3.
La transacción implica un pago en efectivo confidencial a Rio Tinto y elimina el acuerdo previo en el que Rio Tinto habría recibido el 10% de la producción futura. Esta consolidación fortalece la posición de NexGen en el mercado de uranio, que está experimentando un déficit estructural debido a la creciente demanda, impulsada especialmente por más de 100 mil millones de dólares en centros de datos de IA planeados para ser alimentados con energía nuclear.
NexGen Energy (NYSE: NXE)는 Rio Tinto가 보유한 아타바스카 분지 남서부의 39개 광물 채굴권에 대한 10% 생산 참여 지분(PCI)을 인수했습니다. 여기에는 Patterson Corridor East(PCE) 발견 지역도 포함됩니다. 이번 전략적 인수를 통해 NexGen은 Rook I 프로젝트(Arrow 및 PCE 광상 포함), SW1, SW3를 포함한 전체 포트폴리오에 대한 100% 소유권을 확보하게 되었습니다.
이번 거래는 Rio Tinto에 대한 비공개 현금 지급을 포함하며, Rio Tinto가 향후 생산의 10%를 받는 기존 계약을 없앴습니다. 이 통합은 구조적 공급 부족을 겪고 있는 우라늄 시장에서 NexGen의 입지를 강화하며, 특히 1000억 달러가 넘는 AI 데이터 센터가 원자력 에너지로 운영될 예정이라는 점에서 수요가 증가하고 있습니다.
NexGen Energy (NYSE : NXE) a acquis la participation de 10 % de Rio Tinto dans la production (PCI) sur 39 concessions minières situées dans le bassin sud-ouest d'Athabasca, incluant la découverte Patterson Corridor East (PCE). Cette acquisition stratégique confère à NexGen la propriété totale de l'ensemble de son portefeuille, qui comprend le projet Rook I (abritant les gisements Arrow et PCE), ainsi que SW1 et SW3.
La transaction implique un paiement en espèces confidentiel à Rio Tinto et met fin à l'accord précédent selon lequel Rio Tinto aurait reçu 10 % de la production future. Cette consolidation renforce la position de NexGen sur le marché de l'uranium, qui connaît un déficit structurel face à une demande croissante, notamment portée par plus de 100 milliards de dollars US investis dans des centres de données d'IA prévus pour être alimentés par l'énergie nucléaire.
NexGen Energy (NYSE: NXE) hat den 10%igen Produktionsbeteiligungsanteil (PCI) von Rio Tinto an 39 Mineralansprüchen im Südwesten des Athabasca-Beckens erworben, darunter die Entdeckung Patterson Corridor East (PCE). Mit diesem strategischen Erwerb besitzt NexGen nun 100% des gesamten Portfolios, das das Rook I-Projekt (mit den Lagerstätten Arrow und PCE), SW1 und SW3 umfasst.
Die Transaktion beinhaltet eine vertrauliche Barzahlung an Rio Tinto und hebt die vorherige Vereinbarung auf, bei der Rio Tinto 10% der zukünftigen Produktion erhalten hätte. Diese Konsolidierung stärkt NexGens Position auf dem Uranmarkt, der aufgrund der steigenden Nachfrage, insbesondere getrieben von über 100 Milliarden US-Dollar in KI-Rechenzentren, die mit Kernenergie betrieben werden sollen, ein strukturelles Defizit aufweist.
- None.
- Cash payment required to acquire Rio Tinto's interest (amount undisclosed)
- Potential impact on short-term cash position due to acquisition cost
Insights
NexGen's acquisition of Rio Tinto's 10% interest strengthens its position as a future uranium production leader amid growing nuclear demand.
NexGen Energy's strategic acquisition of Rio Tinto's 10% production carried interest (PCI) over 39 mineral claims marks a significant consolidation of their uranium assets in the Southwest Athabasca Basin. This move gives NexGen complete ownership of its entire portfolio, including the world-class Arrow deposit and the emerging Patterson Corridor East (PCE) discovery.
The timing of this consolidation is particularly notable given current market dynamics. The uranium market is experiencing a structural deficit, with supply constraints meeting increased demand. The press release highlights that major tech companies have committed over
From a financial perspective, while the specific terms remain confidential, NexGen has eliminated what would have been a meaningful production-sharing arrangement. Under the previous agreement, Rio Tinto would have received
This transaction aligns with NexGen's stated strategic objective to become the world's largest uranium supplier. With 100% ownership of both their flagship Arrow deposit and the developing PCE discovery, NexGen has positioned itself to potentially capture greater market share in a tightening uranium market, particularly as nuclear energy gains prominence in the global energy transition and for powering AI infrastructure.
- 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.
Vancouver, British Columbia--(Newsfile Corp. - July 24, 2025) - 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
Leigh Curyer, Chief Executive Officer, commented: "Given the world class extent, high grade and superior technical setting of mineralization discovered to date at our two projects, consolidating our portfolio at PCE and surrounding area to match our
Today, the uranium market is already in a structural deficit. With the world's leading tech companies recently committing to the construction of over US
History
The PCI entitled Rio Tinto to a
Figure 1: Previous Rio Tinto PCI over 39 total claims held by NexGen
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Figure 2: Previous PCI claims over Rook I Project which covered PCE
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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. 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/259907
FAQ
What did NexGen Energy (NYSE: NXE) acquire from Rio Tinto in July 2025?
How does the Rio Tinto acquisition affect NexGen's ownership structure?
What was Rio Tinto's previous arrangement with NexGen regarding production sharing?
How does NexGen's uranium portfolio align with future energy demands?
What properties are included in NexGen's 100% owned portfolio after the Rio Tinto deal?
