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.
Summary not available.
NexGen Energy Ltd. (TSX: NXE) announced the start of field programs for geotechnical site confirmation and regional exploration drilling at its 100% owned Rook I property in Saskatchewan's Athabasca Basin. The 2021 drilling program focuses on various high-priority targets, including Arrow 2.0, Camp East, and the Derkson Corridor. These areas exhibit promising geophysical characteristics, and the company aims to further investigate uranium mineralization potential. The exploration initiatives support advancements in engineering and permitting for the Rook I Project.
NexGen Energy Ltd. (NXE) has signed a significant Impact Benefit Agreement with the Buffalo River Dene Nation and a Mutual Benefit Agreement with the Birch Narrows Dene Nation for its Rook I Project, which includes the Arrow uranium deposit. These agreements detail environmental, cultural, and economic benefits for the communities involved, affirming their support for the project. Additionally, the Court of Queen's Bench for Saskatchewan dismissed an application from Métis Nation-Saskatchewan that sought to halt the project's environmental assessment. NexGen appointed Robert St. Pierre as Project Liaison Manager to strengthen community relations.
NexGen Energy Ltd. (TSX: NXE) has filed a prospectus with ASIC for a dual listing on the ASX as a Foreign Exempt Listing, allowing its shares to trade as Chess Depositary Instruments under the code NXG starting July 2, 2021. With 30% of its shares held by Australian investors, the listing aims to enhance liquidity and attract more investments. The company has over $200 million in cash, supporting its exploration program at Rook I, where over 90% of the Patterson Corridor remains unexplored. NexGen's Rook I Project contains substantial uranium resources, critical for the clean energy sector.
NexGen Energy Ltd. (TSX: NXE, NYSE MKT: NXE) announced the results of its Annual Meeting of Shareholders held on June 10, 2021. All resolutions, including the election of nine directors, were approved, with a total of 238,833,198 shares, or 50.74% of outstanding shares, represented in the vote. Notable votes included Leigh Curyer receiving 99.94% support and Richard Patricio garnering 70.11%. The company continues to focus on developing the Rook I Project, which includes significant uranium resources, and is backed by a compliant Feasibility Study.
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.