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NexGen Energy Ltd. reports developments in uranium project development, exploration drilling and regulatory approvals for its Saskatchewan asset base. The company is focused on its 100% owned Rook I Project in the Athabasca Basin and on exploration activity at Patterson Corridor East, a discovery located near the Arrow Deposit.
Recurring news includes assay results and high-grade mineralization updates, Rook I permitting and construction preparation, financing and conference-call materials, and community or Indigenous partnership initiatives tied to regional project development.
On June 7, 2021, NexGen Energy Ltd. (TSX: NXE, NYSE: NXE) announced it will hold its Annual General Meeting (AGM) virtually due to COVID-19 protocols. Participants can join via webcast or teleconference, with the AGM scheduled for June 10, 2021, at 2:00 p.m. PT. CEO Leigh Curyer will present, followed by a Q&A session. Shareholders must vote by proxy, with a deadline of June 8, 2021, at 2:00 p.m. PT. Detailed voting instructions are included in the Notice of Meeting.
NexGen Energy Ltd. (TSX: NXE) has mailed its Notice of Meeting and Management Information Circular to shareholders as of April 30, 2021, for the Annual General and Special Meeting on June 10, 2021, at 2:00 p.m. PT. Due to COVID-19, attendance will be virtual, and shareholders are encouraged to vote by proxy. Key matters include the election of nine directors and the re-appointment of KPMG LLP as independent auditor. The Board recommends voting in favor of all items. Shareholders can access meeting materials on SEDAR and NexGen's website.
NexGen Energy has appointed Harpreet Dhaliwal as the new Chief Financial Officer. Dhaliwal brings extensive financial expertise from her previous role at Leagold Mining, where she oversaw financial reporting, treasury, and IT systems for multiple mines. Her experience includes successful mergers and acquisitions and management of finance teams. This appointment comes as NexGen focuses on the development of its Rook I Project in the Athabasca Basin, a significant venture within the uranium sector, amidst rising interest in uranium as an energy source.
NexGen Energy Ltd. (TSX: NXE, NYSE: NXE) announced the full exercise of an over-allotment option, selling an additional 5,010,000 common shares at $4.50 each, generating gross proceeds of $22,545,000. This follows a completed public offering of 33,400,000 shares, bringing total proceeds to approximately $172.8 million. The company plans to use the funds for general corporate purposes, including the ongoing development of the Rook I Project. The offering was underwritten by a syndicate led by BMO Nesbitt Burns Inc. and Canaccord Genuity Corp.
NexGen Energy Ltd. (TSX: NXE, NYSE: NXE) has successfully completed a bought deal financing, raising approximately $150 million by issuing 33,400,000 common shares at $4.50 per share. The offering included a 30-day option for underwriters to purchase an additional 5,010,000 shares. Funds will support general corporate purposes and the development of the Rook I Project. The financing was managed by a syndicate of underwriters led by BMO Nesbitt Burns and Canaccord Genuity. This marks a significant step in NexGen's strategy to advance its uranium assets.
NexGen Energy Ltd. has engaged a syndicate of underwriters, led by BMO Capital Markets and Canaccord Genuity Corp., to purchase 33,400,000 common shares at C$4.50 each, totaling approximately C$150 million. The offering, expected to close around March 11, 2021, includes a 30-day option for an additional 5,010,000 shares. Proceeds will fund corporate needs, including the Rook I Project development. Shares will be offered via a short-form prospectus across Canada and the U.S., pending regulatory approvals.
NexGen Energy Ltd. announced positive results from an independent Feasibility Study on its Arrow Deposit in the Athabasca Basin, Saskatchewan. The study reveals an after-tax NPV of $3.47 billion, an after-tax IRR of 52.4%, and a rapid payback period of 0.9 years. The average annual production is forecasted at 28.8 million lbs of U3O8 in the first five years. The total pre-production capital cost is estimated at $1.3 billion CAD. The Feasibility Study reflects NexGen's commitment to environmental standards and positions the company as a leader in clean energy production.
NexGen Energy Ltd. (TSX: NXE, NYSE: NXE) announced that holders of US$120 million in convertible debentures have opted to convert these into common shares. This conversion includes US$60 million from 2016 and US$60 million from 2017 debentures. Post-conversion, CEF Holdings’ ownership will increase from 8.7% to approximately 18.7%. The company has around $55 million in cash and is finalizing the Rook I Feasibility Study, with results expected soon.