L1 Capital reports 38.28M NexGen shares (NXE) across TSX, NYSE, ASX

Rhea-AI Filing Summary

NexGen Energy Ltd: L1 Capital Pty Ltd reports beneficial ownership of 38,278,197 shares (5.7909%) of NexGen Energy Ltd common stock. The filing states the percentage is calculated using 661,006,566 shares of common stock outstanding. The holding comprises TSX, NYSE and ASX-listed positions across multiple L1 funds.

Key Figures

Beneficial ownership: 38,278,197 shares Percent of class: 5.7909% Shares outstanding (base used): 661,006,566 shares +3 more

6 metrics

Beneficial ownership 38,278,197 shares reported on Schedule 13G

Percent of class 5.7909% based on 661,006,566 shares outstanding

Shares outstanding (base used) 661,006,566 shares basis for percent calculation

TSX-held shares 29,887,466 shares common stock listed on the TSX

NYSE-held shares 5,333,343 shares common stock listed on the NYSE

ASX CHESS DIs 3,057,388 CDIs settled as Australian CHESS Depositary Interests on the ASX

Key Terms

Schedule 13G, CHESS Depositary Interests, Beneficial ownership, Sole dispositive power

4 terms

Schedule 13G regulatory

"Item 1. (a) Name of issuer: NexGen Energy Ltd"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

CHESS Depositary Interests market

"3,057,388 common stock settled in the form of Australian CHESS Depositary Interests"

CHESS depositary interests are tradable certificates used on the Australian settlement system that represent ownership of underlying foreign shares held by a custodian. They let investors buy and sell foreign-listed stocks on the local exchange as if they were domestic shares, simplifying trading, dividend collection and record-keeping, though they may involve custodian fees and can alter certain direct shareholder rights and tax treatments.

Beneficial ownership regulatory

"Item 4. Ownership (a) Amount beneficially owned: 38,278,197"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Sole dispositive power regulatory

"Sole power to dispose or to direct the disposition of: 38,278,197"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/14/2026 - 08:28 PM Learn about SEC filing dates

FAQ

What stake does L1 Capital report in NexGen Energy (NXE)?

L1 Capital reports beneficial ownership of 38,278,197 shares, equal to 5.7909% of outstanding common stock. The filing calculates the percentage using 661,006,566 shares of Common Stock outstanding and lists holdings across TSX, NYSE and ASX instruments.

How is L1 Capital's 38,278,197-share position composed?

The position includes 29,887,466 TSX shares, 5,333,343 NYSE shares, and 3,057,388 CHESS Depositary Interests on the ASX. Those amounts are held across several L1 funds managed and controlled by L1 Capital Pty Ltd, per the filing.

Does the filing state voting or disposition power for L1 Capital at NXE?

The filing reports sole voting power and sole dispositive power over 38,278,197 shares. Shared voting and dispositive powers are reported as 0, and the reporting person is an Australian investment manager with AFSL regulation noted.

What outstanding share base is used to calculate L1 Capital's percent of NXE?

The 5.7909% figure is based on 661,006,566 shares of Common Stock outstanding. The filing ties the percentage on the cover page to that outstanding-share number without providing a specific "as of" date in the excerpt.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

NexGen Energy Ltd

(Name of Issuer)

Common Stock

(Title of Class of Securities)

65340P106

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 65340P106

1

Names of Reporting Persons

L1 Capital Pty Ltd

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

AUSTRALIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 38,278,197.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 38,278,197.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

38,278,197.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.7909 %

12

Type of Reporting Person (See Instructions)

FI

SCHEDULE 13G

Item 1.
(a)	Name of issuer: NexGen Energy Ltd
(b)	Address of issuer's principal executive offices: 1021 WEST HASTINGS STREET, VANCOUVER, BRITISH COLUMBIA, CANADA V6E 0C3
Item 2.
(a)	Name of person filing: L1 Capital Pty Ltd
(b)	Address or principal business office or, if none, residence: LEVEL 45 101 COLLINS STREET MELBOURNE VIC 3000, Australia 00000
(c)	Citizenship: AUSTRALIA
(d)	Title of class of securities: Common Stock
(e)	CUSIP Number(s): 65340P106
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
	Australian investment manager and Australian Financial Services License (AFSL) holder regulated by the Australian Securities and Investments Commission (ASIC)
Item 4.	Ownership
(a)	Amount beneficially owned: 38,278,197 The amount in Rows (5), (7) and (9) consists of 29,887,466 shares of common stock listed on the TSX, 5,333,343 shares of common stock listed on the NYSE, and 3,057,388 common stock settled in the form of Australian CHESS Depositary Interests on the ASX. The shares are owned by the L1 Long Short Fund Limited, the L1 Capital Long Short Fund, the L1 Capital Long Short (Master) Fund, the L1 Capital Global Long Short Fund, the L1 Global Long Short Fund Limited, and the L1 Capital Global Long Short (Master) Fund, a l contro led and managed by L1 Capital Pty Ltd. The percentage set forth on Row (11) of the cover page for the reporting person is based on 661,006,566 shares of Common Stock outstanding.
(b)	Percent of class: 5.7909 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 38,278,197
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 38,278,197
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

L1 Capital Pty Ltd

Signature:	/s/ Joel Arber
Name/Title:	Joel Arber, Director
Date:	05/15/2026