Welcome to our dedicated page for Nexgen Energy news (Ticker: NXE), a resource for investors and traders seeking the latest updates and insights on Nexgen Energy stock.
NexGen Energy Ltd. (TSX: NXE, NYSE: NXE, ASX: NXG) news covers the company’s uranium exploration, development and regulatory milestones in Canada’s Athabasca Basin. NexGen identifies its flagship Rook I Project in northern Saskatchewan as being developed into a large low-cost producing uranium mine, supported by a National Instrument 43-101 compliant Feasibility Study, and many of its announcements relate to advancing this project.
Recent news has highlighted the discovery and rapid advancement of the Patterson Corridor East ("PCE") uranium mineralized system on NexGen’s 100%-owned Rook I property. Releases describe high-grade and locally off-scale mineralization, expansion of the mineralized footprint, and detailed assay and spectrometer results from drill holes such as RK-25-254, RK-25-256 and others. NexGen also reports on regional drilling at its SW3 land package and broader exploration programs across its southwest Athabasca Basin portfolio.
Investors following NXE news will also see updates on the Federal and Provincial regulatory process for Rook I, including Canadian Nuclear Safety Commission hearings and Saskatchewan Environmental Assessment approvals, as well as information on equity offerings in North America and Australia intended to fund engineering and pre-production capital costs. Additional releases describe community initiatives such as scholarship programs for youth from local communities near Rook I.
This news feed allows readers to track NexGen’s exploration results, project development steps, capital markets activities and community programs as disclosed through its official news releases and related regulatory filings.
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.
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.
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