NexGen Energy (NYSE:NXE – Get Free Report) and South32 (OTCMKTS:SOUHY – Get Free Report) are both basic materials companies, but which is the better stock? We will compare the two companies based on the strength of their dividends, institutional ownership, risk, profitability, valuation, analyst recommendations and earnings.
Earnings & Valuation This table compares NexGen Energy and South32″s gross revenue, earnings per share and valuation.
Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio NexGen Energy N/A N/A -$221.63 million ($0.49) -18.66 South32 $5.78 billion 2.42 $213.00 million N/A N/A South32 has higher revenue and earnings than NexGen Energy.
Analyst Ratings This is a breakdown of current recommendations for NexGen Energy and South32, as provided by MarketBeat.com.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score NexGen Energy 1 1 4 0 2.50 South32 0 1 1 1 3.00 Volatility and Risk NexGen Energy has a beta of 1.39, meaning that its stock price is 39% more volatile than the S&P 500. Comparatively, South32 has a beta of 0.78, meaning that its stock price is 22% less volatile than the S&P 500.
Profitability This table compares NexGen Energy and South32’s net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets NexGen Energy N/A -13.11% -8.91% South32 N/A N/A N/A Institutional & Insider Ownership 42.4% of NexGen Energy shares are owned by institutional investors. Comparatively, 0.1% of South32 shares are owned by institutional investors. 5.6% of NexGen Energy shares are owned by insiders. Comparatively, 0.2% of South32 shares are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.
Summary South32 beats NexGen Energy on 6 of the 10 factors compared between the two stocks.
About NexGen Energy (Get Free Report)
NexGen Energy Ltd., an exploration and development stage company, engages in the acquisition, exploration, and evaluation and development of uranium properties in Canada. It holds a 100% interest in the Rook I project that consists of 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan. The company is headquartered in Vancouver, Canada.
About South32 (Get Free Report)
South32 Limited operates as a diversified metals and mining company in Australia, India, China, Japan, the Middle East, Mozambique, the Netherlands, Brazil, Russia, South Africa, South Korea, the United States, and internationally. The company operates through Worsley Alumina, Brazil Alumina, Brazil Aluminium, Hillside Aluminium, Mozal Aluminium, Sierra Gorda, Cannington, Hermosa, Cerro Matoso, Illawarra Metallurgical Coal, Australia Manganese, and South Africa Manganese segments. It has a portfolio of assets producing bauxite, alumina, aluminum, copper, silver, lead, zinc, nickel, metallurgical coal, manganese, ferronickel, and other base metals. The company also exports its products. South32 Limited was incorporated in 2000 and is headquartered in Perth, Australia.
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Vancouver, British Columbia--(Newsfile Corp. - June 30, 2026) - NexGen Energy Ltd. (TSX: NXE) (NYSE: NXE) (ASX: NXG) ("NexGen" or the "Company") is pleased to announce the voting results for the election of the Company's Board of Directors and the renewal of the Shareholders Rights Plan at its annual general and special meeting of shareholders held on June 30, 2026 (the "Meeting").
A total of 458,979,268 common shares, representing approximately 69.34% of the Company's outstanding common shares, were voted in person and by proxy at the Meeting. Shareholders voted in favour of (a) Appointing PWC LLP as auditors of the Company (99.94% in favour), (b) setting the number of directors at nine (95.01% in favour) and (c) approving a Shareholder Rights Agreement (98.02% in favour).
Shareholders also voted on the following matters at the Meeting:
Election of Directors
All nine nominees were elected to the NexGen Board of Directors at the Meeting. Each director will hold office until the Company's next annual meeting of shareholders, or until they resign or a successor is elected or appointed. The voting results were as follows:
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 standards in environmental and social governance. The Rook I Project is supported by a NI 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.
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 the delivery of clean energy fuel for the future, the development of the largest low cost producing uranium mine globally and incorporating elite standards in environmental and social governance, delivering a project that leads the entire mining industry socially, technically and environmentally, providing generational long-term economic, environmental and social benefits for Saskatchewan, Canada and the world, planned exploration and development activities and budgets, the interpretation of drill results and other geological information, mineral reserve and resource estimates (to the extent they involve estimates of the mineralization that will be encountered if a project is developed), requirements for additional capital, capital costs, operating costs, cash flow estimates, production estimates, the future price of uranium and similar statements relating to the economics of a project, including the Rook I Project. Generally, forward-looking information and statements can be identified by the use of forward-looking terminology 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.
Forward-looking information and statements are based on NexGen's current expectations, beliefs, assumptions, estimates and forecasts about its 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 results of planned exploration and development activities will be as anticipated and on time; the price of uranium; the cost of planned exploration and development activities; that, as plans continue to be refined for the development of the Rook I Project, there will be no changes in costs, engineering details or specifications that would materially adversely affect its viability; 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 and development activities will be available on reasonable terms and in a timely manner; that there will be no revocation of government approvals; that general business, economic, competitive, social and political conditions will not change in a material adverse manner; the assumptions underlying the Company's mineral reserve and resource estimates; assumptions made in the interpretation of drill results and other geological information; the ability to achieve production on the Rook I Project; and other estimates, assumptions and forecasts disclosed in the Feasibility Study for the Rook I Project. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements were considered reasonable by management at the time they were made, there can be no assurance that such assumptions will prove to be accurate.
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, negative operating cash flow and dependence on third-party financing, uncertainty of additional financing, the risk that pending assay results will not confirm previously announced preliminary results, the imprecision of mineral reserve and resource estimates, the price and appeal of alternate sources of energy, sustained low uranium prices, aboriginal title and consultation issues, exploration and development risks, climate change, uninsurable risks, reliance upon key management and other personnel, risks related to title to its properties, information security and cyber threats, failure to manage conflicts of interest, failure to obtain or maintain required permits and licences, changes in laws, regulations and policy, competition for resources, political and regulatory risks, general inflationary pressures, industry and economic factors that may affect the business, and other factors discussed or referred to in the Company's most recent Annual Information Form under "Risk Factors" and management's discussion and analysis under "Other Risks Factors" filed on SEDAR+ at www.sedarplus.ca and 40-F filed on 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. 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/303585
Source: NexGen Energy Ltd.
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Alpha Wave Global LP cut its stake in shares of NexGen Energy (NYSE: NXE) by 60.3% in the undefined quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 299,385 shares of the company's stock after selling 453,810 shares during the quarter. NexGen
On February 17, 2026, Hancock Prospecting disclosed a buy of NexGen Energy (NXE +4.64%), adding 828,245 shares in an estimated $7.31 million trade based on quarterly average pricing.
What happenedAccording to a Securities and Exchange Commission (SEC) filing dated February 17, 2026, Hancock Prospecting increased its position in NexGen Energy by 828,245 shares. The estimated transaction value was $7.31 million, calculated using the average share price over the fourth quarter of 2025. The fund’s quarter-end stake totaled 9,078,245 shares, with a reported value of $83.66 million, up $9.81 million from the prior filing.
What else to knowThe fund’s buy lifted NexGen Energy to 2.57% of 13F AUM.Top holdings after the filing:NASDAQ: QQQ: $784.91 million (24.1% of AUM)NYSE: MP: $750.79 million (23.1% of AUM)NYSE: TECK: $493.19 million (15.2% of AUM)NYSE: HBM: $289.00 million (8.9% of AUM)NYSE: NXE: $83.66 million (2.6% of AUM)As of Friday, NexGen Energy shares were priced at $11.26, skyrocketing 123% over the past year as the S&P 500 instead gained 15%.Company overviewMetricValuePrice (as of Friday)$11.26Market capitalization$7.4 billionNet income (TTM)($309.7 million)Company snapshotNexGen Energy focuses on the acquisition, exploration, evaluation, and development of uranium properties, with the flagship Rook I project in Saskatchewan.The firm operates as an exploration and development stage company, generating value through advancing uranium assets toward production.It is headquartered in Vancouver, Canada, with principal operations in the Athabasca Basin region.NexGen Energy is a Canadian uranium exploration and development company with its principal asset, the Rook I project, located in the Athabasca Basin. The company is advancing its uranium assets toward production.
What this transaction means for investorsWhen it comes to long-cycle resource assets, the real conviction often shows up long before any headlines hit, and what stands out here is that this wasn't just a knee-jerk reaction to big news. The federal green light for the Rook I project earlier this month has helped NexGen stock’s recent surge, but since that approval came after the quarter wrapped up, it highlights that this bet was more likely about solid fundamentals and probabilities than about guaranteed outcomes.
This is a crucial point for long-term investors to grasp. NexGen is still in the pre-production phase, so its valuation largely hinges on execution risk and the demand for uranium down the line. But the sheer scale of Rook I is hard to overlook. Once fully operational, it's set to churn out up to 30 million pounds annually, which would capture a significant slice of the global uranium market. Within a portfolio that leans heavily toward commodities and materials stocks like MP Materials, Teck, and Hudbay, adding NexGen fits well as a higher-risk, higher-reward play. Shares have climbed 23% since the end of last quarter.
Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool recommends MP Materials and Teck Resources. The Motley Fool has a disclosure policy.
NexGen Energy (NYSE: NXE - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the six brokerages that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have issued a buy recommendation on the
Key Takeaways Centrus Energy benefits from HALEU leadership, $3.8B backlog and long-term nuclear fuel contracts.Centrus Energy is expanding enrichment capacity and targeting 12 metric tons of HALEU output post-2030.NexGen Energy's Rook I project could supply 30M pounds yearly, but remains pre-revenue and loss-making. Centrus Energy (LEU - Free Report) and NexGen Energy (NXE - Free Report) are uranium-focused companies expected to play a significant role in contributing to the global nuclear energy supply chain.
Bethesda, MD-based Centrus Energy, with a market capitalization of $3.8 billion, supplies nuclear fuel components for the nuclear power industry across the United States, Belgium, Japan, the Netherlands and internationally. Vancouver, Canada-based NexGen Energy, valued at $7.75 billion, is an exploration and development-stage company. It is developing the Rook I Project, which is expected to become the world’s largest low-cost uranium-producing mine.
Uranium was included in the U.S. Geological Survey’s Final 2025 Critical Minerals List, highlighting its growing importance to U.S. energy security and national defense. The long-term uranium outlook remains supported by rising electricity demand and the accelerating global transition toward clean energy. Against this backdrop, investors are evaluating which uranium stock is better positioned, Centrus Energy or NexGen Energy. To make an informed decision, let us analyze their fundamentals, growth potential and key challenges.
The Case for Centrus EnergyThe company, through its Low-Enriched Uranium segment, supplies components of nuclear fuel to commercial customers. This includes the supply of the enrichment component of Low-Enriched Uranium to utilities that operate commercial nuclear power plants. The enrichment component of LEU is measured in Separative Work Units (SWU). Centrus Energy also sells natural uranium hexafluoride. The Technical Solutions segment provides advanced uranium enrichment services to the nuclear industry and the U.S. government, as well as advanced manufacturing and other technical services to government and private sector customers.
For 2025, Centrus Energy’s total revenues were $448.7 million, up 2% from the prior year. The Low-Enriched Uranium segment’s revenues were at $346.2 million, down 1% year over year. In Technical Solutions, full-year revenues increased 11% to $102.5 million. Adjusted earnings per share were $3.90 in 2025 compared with $4.47 in 2024.
Centrus Energy ended 2025 with a $3.8 billion revenue backlog, which includes long-term sales contracts with major utilities through 2040 and a cash balance of $2 billion.
In September 2025, the company announced ambitious plans to significantly expand its uranium enrichment plant in Piketon, OH, to boost the production of Low-Enriched Uranium and High-Assay, Low-Enriched Uranium (HALEU). In December, it began design work on a 150,000 square foot training, operations & maintenance facility at the site. It also began domestic centrifuge manufacturing to support commercial LEU enrichment activities at the facility, reinforcing its first-mover advantage in U.S.-owned uranium enrichment. The company plans capital deployment of $350-$500 million in 2026 to support the industrial buildout tied to the centrifuge manufacturing expansion. Centrus Energy has partnered with Palantir Technologies (PLTR - Free Report) to drive cost savings and unlock operational efficiencies in its expansion plans. They have already identified close to $300 million in potential savings.
Improving project execution remains a key priority, with Centrus Energy actively taking steps to reduce risks and strengthen the efficiency of its expansion initiatives. Backed by these multi-billion-dollar initiatives, LEU plans to fulfill its $2.3 billion in contingent LEU sales contracts with both domestic and international customers. It is targeting 12 metric tons of HALEU production per year sometime after 2030, with at least some HALEU production by the end of the decade.
Centrus Energy is the only licensed producer of HALEU in the Western world. HALEU demand is expected to surge to power existing reactors and a new generation of advanced reactors. HALEU opportunity is estimated at $8 billion per year by 2035, which provides a strategic advantage to the company.
The Case for NexGen EnergyNexGen Energy’s flagship Rook I project consists of 32 contiguous mineral claims totaling an area of approximately 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.
The company recently received final federal approval for the project, allowing construction to begin in summer 2026. It is expected to deliver up to 30 million pounds of high-grade uranium per year, at the lowest quartile of the cost curve of C$13.86 over generations to come. This represents more than 20% of the current global uranium fuel supply and more than50% of the Western world supply, elevating NexGen to a dominant position in the nuclear fuel market.
The Arrow Deposit is the focus of the Rook I Project and was discovered in February 2014. It has measured and indicated mineral resources totaling 3.75 million tons, at a grade of 3.10%, containing 257 million pounds of uranium. The company recently announced its highest-grade assay results to date at its fully owned Patterson Corridor East.
The company has intersected numerous other mineralized zones on trend from Arrow along the Patterson Corridor on the Rook I property, which are subject to further exploration before economic potential can be assessed.
In December 2024, NexGen Energy announced that it had entered into uranium sales contracts with major U.S. utilities committing to supply 1 million pounds of uranium annually from 2029 to 2033. These contracts, incorporating market-based pricing, validate confidence in the Rook I Project and provide financial stability while allowing the company to benefit from rising uranium prices.
As an exploration and development stage company, NXE does not have revenues and historically has reported recurring operating losses. In 2025, the company reported a loss of 53 cents per share compared with the year-ago quarter’s loss of 14 cents. Adjusted loss for the year was 24 cents per share.
NXE’s results are likely to continue to reflect the impact of salaries, office, administrative and travel costs, as well as costs consistent with the expansion of operations. However, once it starts production, there remains strong margin potential due to the Rook I’s low-cost position.
How do Estimates Compare for LEU & NXE?The Zacks Consensus Estimate for Centrus Energy’s 2026 earnings is pegged at $3.27 per share, which indicates a year-over-year decline of 16.2%. The estimate for 2027 earnings is pinned at $3.38 per share, indicating year-over-year growth of 3.5%.
The Zacks Consensus Estimate for NexGen Energy’s earnings for 2026 is a loss of 14 cents per share, narrower than the loss of 24 cents in 2025. The estimate for 2027 is also a loss of 22 cents per share.
Image Source: Zacks Investment Research
In the past 60 days, earnings estimates for Centrus Energy have moved down for both 2026 and 2027. The estimate for NexGen Energy for 2026 has moved down, while the same for 2027 has moved up over the past 60 days.
Image Source: Zacks Investment Research
Centrus Energy & NexGen Energy: Price Performance & ValuationLEU shares have surged 176.2% in the past year, while NexGen Energy’s shares have gained 137.3%.
Image Source: Zacks Investment Research
Centrus Energy is trading at a forward price-to-book multiple of 4.97X. Meanwhile, NXE’s forward price-to-book multiple sits at 5.9X.
Image Source: Zacks Investment Research
LEU or NXE: Which is the Better Investment Option?Both stocks currently carry a Zacks Rank #3 (Hold), so choosing one seems difficult. NXE, while offering exposure to a high-grade, long-life asset with strong margin potential, remains in the development phase and continues to incur losses.
Centrus Energy appears better positioned in the near to medium term, given its unique status as the only licensed HALEU producer in the United States and its strategic role in rebuilding domestic uranium enrichment capabilities. Its substantial backlog and expanding production plans support its long-term investment case.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Vertical extent of high-grade subdomain increased +33% to 550m with a strike length of 210mHigh-grade extension in RK-26-280c1 with cumulative 4.2m of >10,000 cps including 0.6m of >61,000 cpsContinuity of intense mineralization in RK-26-271c1 with cumulative 12.6m of >10,000 cps including 2.3m of >61,000 cps 80m down plunge of RK-25-256 (5.5m at 21.4% U3O8)Progressive high-grade continuity at depth in RK-26-276 with cumulative 11.2m of >10,000 cps including 0.6m of >61,000 cps and RK-26-285 with cumulative 9.0m of >10,000 cps including 0.7m of >61,000 cpsVancouver, British Columbia--(Newsfile Corp. - April 22, 2026) - NexGen Energy Ltd. (TSX: NXE) (NYSE: NXE) (ASX: NXG) ("NexGen" or the "Company") announces results from the 2026 winter drill program at Patterson Corridor East ("PCE") that recently concluded, highlighting significant vertical growth and strong internal continuity of high-grade mineralization.
Within the mineralized zone of PCE, the high-grade subdomain has now grown to 550 m in vertical extent, a 33% increase, with a strike length of 210 m. This expansion was primarily driven by hole RK-26-280c1 which returned cumulative 4.2m of >10,000 cps including 0.6m of >61,000 cps at 834m below surface (Figures 1-3). The hole successfully intersected mineralization 230m down plunge along a high-grade shoot interpreted to connect with RK-26-271c1 (Figure 4).
Holes RK-26-271c1, RK-26-276, and RK-26-285 returned strong mineralized intercepts between 600 to 700m below surface, where the system remains open for expansion (Figures 1 and 2, Table 1). Results from RK-26-271c1 include cumulative 12.6m of >10,000 cps including 2.3m of >61,000 cps 80m down plunge of RK-25-256 (5.5m at 21.4% U3O8) indicating continuity of intense high-grade mineralization (Figure 3). Further, the intersections from RK-26-276 (cumulative 11.2m of >10,000 cps including 0.6m of >61,000 cps) and RK-26-285 (cumulative 9.0m of >10,000 cps including 0.7m of >61,000 cps) add progressive high-grade continuity to the base of this growing subdomain.
Drilling 600m to the southeast of PCE along a separate parallel trend, prospective structure and alteration features are vectoring the Company toward potential repetition of mineralization within the overall PCE system (Figure 5).
Summer drilling of ~29,200m is schedule to commence the week of May 25, 2026. All samples from 2026 drilling are submitted to the independent Saskatchewan Research Council Geoanalytical Laboratory (SRC), with results to follow.
Leigh Curyer, Founder & Chief Executive Officer, commented: "Today's results from the 2026 winter program confirm both the scale and growth of PCE continues to advance at pace. Increasing the vertical extent of the high-grade subdomain by 33% during the winter program, suggests substantial drilling is required going forward to fully understand the extent of this mineralized zone. In parallel, drilling focused on vectoring into additional zones of mineralization will be incorporated into the summer program based on these winter results.
"With the Rook I Project commencing construction this summer and the significance of PCE materializing rapidly, we look forward to future drilling and evaluation of PCE and its potential position in the long-term profile of NexGen's uranium portfolio. NexGen is positioned to meet the strong demand for Canadian uranium for many decades into the future, whilst setting a new industry standard in the safe, efficient and reliable delivery of offtake to utility customers around the world."
A total of 12,758.2m of the planned 42,000m has been completed in 2026, focusing on high-grade growth and expansion of mineralization. Thirteen drill holes totalling 9,131.7m were dedicated to advancing the mineralization at PCE and six drill holes totalling 3,626.5m tested the parallel trend. Since discovery (see news release date March 11, 2024), 115 drillholes totalling 72,464.7m targeted PCE mineralization (Figure 4) with 79 of the 115 drill holes being mineralized, including 54 intersecting high-grade (>10,000 cps) and 21 intersecting off-scale (>61,000 cps).
Figure 1: Interpreted 3D model of PCE shown looking northwest (across strike) and northeast (along strike); previously reported in December 1, 2025 release, now with RK-26-271c1, RK-26-276, RK-26-280c1, and RK-26-285 intersections outlined in purple
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1745/293775_f571136e943028da_002full.jpg
Figure 2: Interpreted model of mineralization at PCE (as of this release); new holes emphasized by larger diameter pierce points and bold labels; view is a long section that looks perpendicular to the primary mineralized plane; total mineralized footprint in orange and the high-grade subdomains in red
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1745/293775_f571136e943028da_003full.jpg
Figure 3: Core photo from RK-25-280c1 displays semi-massive, off-scale (>61,000 cps) from uranium vein at 834m down hole
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1745/293775_f571136e943028da_004full.jpg
Figure 4: Core photo from RK-25-271c1 displays mineralization from 630.3 to 646.5m down hole with abundant high-grade and several instances of off-scale in competent basement rock; yellow outlines >1,000 cps, red outlines >10,000 cps, >61,000 cps outlined in purple
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1745/293775_f571136e943028da_005full.jpg
Figure 5: Map of PCE with completed 2026 drill holes; ground gravity in background, interpreted fault shown as black dashed line
To view an enhanced version of this graphic, please visit:
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Table 1: Spectrometer results since January 15, 2026 release
455.0455.50.5<500All depths and intervals are meters downhole, true thicknesses are yet to be determined."Off-scale" refers to >61,000 cps (counts per second) readings by gamma spectrometer type RS-125."Anomalous" means >500 cps readings by gamma spectrometer type RS-120.Where "CPS Range" is <500 cps, this refers to local low radioactivity within the overall interval.Unconformity of 'N/A' denotes a lack of visible contact between Athabasca sandstone and basement rock.Maximum internal dilution 2.0 m downhole.All depths and intervals are meters downhole, true thicknesses are yet to be determined. Resource modelling in conjunction with an updated mineral resource estimate is required before true thicknesses can be determined.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.
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.
Natural gamma radiation in drill core reported in this news release was measured in counts per second (cps) using a Radiation Solutions Inc. RS-125 gamma spectrometer. The reader is cautioned that total count gamma readings may not be directly or uniformly related to uranium grades of the rock sample measured; they should be used only as a preliminary indication of the presence of radioactive minerals.
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 6, 2024 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/293775
Source: NexGen Energy Ltd.
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Key Takeaways Denison Mines advances Phoenix project, targeting first ISR uranium production by mid-2028.NexGen Energy's Rook I project gains approval, targeting 30M pounds annual output at low costs.DNN boasts a strong balance sheet and gains, while NXE faces a longer timeline and ongoing losses. Denison Mines Corp. (DNN - Free Report) and NexGen Energy (NXE - Free Report) are Canada-based uranium exploration and development companies focused on high-grade assets in the Athabasca Basin.
Denison has a market capitalization of $3.44 billion. The company has a 95% effective interest in the flagship Wheeler River project, the largest undeveloped uranium project in the infrastructure-rich eastern Athabasca Basin. NexGen Energy, valued at $7.75 billion, is developing the Rook I Project, which is expected to become the world’s largest low-cost uranium-producing mine.
The long-term uranium outlook remains supported by rising electricity demand and the accelerating global transition toward clean energy. Against this backdrop, investors are evaluating which uranium stock is better positioned, Denison Mines or NexGen Energy. To make an informed decision, let us analyze their fundamentals, growth potential and key challenges.
The Case for DNNDenison Mines' long-term investment case is anchored in its portfolio of four prospective, low-cost uranium development assets: Phoenix, Gryphon, Midwest and THT/Waterbury.
Phoenix and Gryphon are located in the Wheeler project. Denison Mines has taken a final investment decision to proceed with the construction of the Phoenix in-situ recovery (ISR) uranium mine. With first production targeted for mid-2028, it is expected to be Canada’s first ISR uranium mine.
The project’s economics are compelling. Phoenix hosts an estimated 70.5 million pounds of uranium at an average grade of 11.4%. Estimated operating costs of $6.28 per pound and all-in sustaining costs of $18.41 per pound underline its potential to become one of the lowest-cost uranium mines globally.
In 2025, a delineation drill program carried out at the Gryphon uranium deposit revealed additional high-grade uranium mineralization near the deposit’s D-series lenses. The results add confidence to the previously estimated mineral resources for Gryphon.
The Midwest Main deposit, wherein Denison holds a 25.17% interest, presents growth optionality. On a 100% basis, it has 37.4 million pounds of uranium in potentially mineable resources with a six-year mine life. Processing at the nearby McClean Lake mill results in an annual average production of 6.1 million pounds of uranium.
Denison Mines has a 22.5% stake in McClean Lake Uranium mill and mines. In July 2025, the McClean Lake joint venture (MLJV) started uranium mining at the McClean North deposit, deploying the patented “Surface Access Borehole Resource Extraction” mining method. The MLJV is a joint venture between Orano Canada (77.5%) and Denison Mines (22.5%). The mine produced nearly 650,000 pounds (on a 100% basis) of uranium in 2025, making McClean one of the most productive operating uranium mines in North America.
Denison Mines recorded revenues of CAD4.9 million ($3.52 million) in 2025, rising 22% year over year. The company’s revenues include a draw-down of deferred toll milling revenues, the rate of which fluctuates due to the timing of uranium processing at the McClean Lake mill, as well as changes to the estimated mineral resources of the Cigar Lake mine. In 2025, the mill processed 19.1 million pounds of uranium compared with 16.9 million pounds in 2024. DNN reported an adjusted loss of five cents per share in 2025, in line with last year, due to higher evaluation and exploration expenses.
The company ended 2025 with a strong balance sheet with around CAD 700 million ($513 million) in cash, physical uranium and investments.
Against this backdrop, DNN’s strategy of advancing a diversified pipeline of mining, development and exploration assets places it in a strong position to benefit from favorable long-term market dynamics. Backed by high-quality resources, a solid balance sheet and a clearly defined path to production, the company’s growth story looks solid.
The Case for NXENexGen Energy’s flagship Rook I project consists of 32 contiguous mineral claims totaling an area of approximately 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan. The project recently secured final federal approval, paving the way for construction to begin in summer 2026. Construction is expected to take approximately four years.
It is expected to deliver up to 30 million pounds of high-grade uranium per year, at the lowest quartile of the cost curve of C$13.86 ($10.14) over generations to come. This represents more than 20% of the current global uranium fuel supply and more than 50% of the western world's supply, elevating NexGen to a dominant position in the nuclear fuel market.
The Arrow Deposit is the focus of the Rook I Project and was discovered in February 2014. It has measured and indicated mineral resources totaling 3.75 million tons, at a grade of 3.10%, containing 257 million pounds of uranium. The company recently announced its highest-grade assay results to date at its fully-owned Patterson Corridor East.
In December 2024, NexGen Energy announced that it had entered uranium sales contracts with major U.S. utilities committing to supply 1 million pounds of uranium annually from 2029 to 2033. These contracts, incorporating market-based pricing, validate confidence in the Rook I Project and provide financial stability.
As an exploration and development stage company, NXE does not have revenues and historically has reported recurring operating losses. In 2025, the company reported a loss of CAD53 cents per share compared with the year-ago quarter’s loss of CAD 14 cents. The adjusted loss for the year was 24 cents per share. Losses are expected to persist until production begins, although the project’s low-cost structure suggests strong margin potential over the long term.
How Do Estimates Compare for DNN & NXE?The Zacks Consensus Estimate for DNN's fiscal 2026 bottom line is pegged at a loss of five cents per share, suggesting no change from the 2025 actual. The 2027 estimate is at a loss of four cents.
The Zacks Consensus Estimate for NexGen Energy’s bottom line for 2026 is pegged at a loss of 17 cents per share, indicating a narrower loss of than the 24 cents reported in 2025. The estimate for 2027 is pinned at a loss of 25 cents.
Image Source: Zacks Investment Research
In the past 60 days, earnings estimates for Denison Mines have moved up for both 2026 and 2027. The estimate for NexGen Energy for 2026 has moved down, while the same for 2027 has moved up over the past 60 days.
Image Source: Zacks Investment Research
Denison Mines & NexGen Energy: Price Performance & ValuationDNN shares have surged 180.1% in the past year, whereas NexGen Energy’s shares have soared 146.6%.
Image Source: Zacks Investment Research
DNN is trading at a price/book multiple of 13.06X. Meanwhile, NXE’s forward price-to-book multiple sits at 6.14X.
Image Source: Zacks Investment Research
DNN or NXE: Which Is the Better Investment Option?Denison Mines stands out for its combination of high-grade assets, low-cost ISR mining approach and a clearly defined, near-term path to production. Its strong balance sheet and diversified project pipeline reduce execution risks, while positioning it to benefit from favorable uranium market dynamics. While near-term earnings will remain under pressure due to ongoing development spending, improving estimate revisions and advancing project milestones reinforce confidence in its growth trajectory. The premium valuation appears justified, given its comparatively lower risk profile and stronger execution visibility. Denison currently carries a Zacks Rank #2 (Buy).
NexGen Energy offers significant long-term upside through its world-class Rook I project, but its investment case is more dependent on the successful execution over a longer timeframe. With no current revenues, continued losses and a multi-year path to production, the stock carries higher execution and timing risk despite its attractive cost structure. NXE has a Zacks Rank #3 (Hold), reflecting a balanced risk-reward profile.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Shares of NexGen Energy Ltd. (TSE:NXE – Get Free Report) have been given a consensus rating of “Buy” by the seven analysts that are presently covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$19.18.
Several research firms recently issued reports on NXE. UBS Group set a C$20.00 target price on NexGen Energy and gave the stock a “buy” rating in a research note on Thursday, March 5th. TD Securities increased their target price on NexGen Energy from C$15.00 to C$20.00 in a research note on Thursday, January 22nd. Raymond James Financial increased their price target on NexGen Energy from C$18.00 to C$20.00 and gave the company an “outperform” rating in a research report on Friday, March 6th. Royal Bank Of Canada increased their price target on NexGen Energy from C$15.00 to C$20.00 and gave the company an “outperform” rating in a research report on Friday, March 6th. Finally, Scotiabank increased their price target on NexGen Energy from C$16.00 to C$18.00 and gave the company an “outperform” rating in a research report on Friday, March 6th.
View Our Latest Stock Analysis on NexGen Energy
NexGen Energy Price Performance NXE opened at C$17.36 on Friday. The stock’s 50-day moving average price is C$16.53 and its 200 day moving average price is C$14.58. NexGen Energy has a 12-month low of C$6.83 and a 12-month high of C$18.91. The company has a current ratio of 1.82, a quick ratio of 8.20 and a debt-to-equity ratio of 32.03. The firm has a market cap of C$11.48 billion, a price-to-earnings ratio of -32.75 and a beta of 1.11.
NexGen Energy (TSE:NXE – Get Free Report) last posted its earnings results on Wednesday, March 4th. The company reported C($0.06) earnings per share (EPS) for the quarter. As a group, sell-side analysts expect that NexGen Energy will post -0.07 earnings per share for the current year.
NexGen Energy Company Profile (Get Free Report)
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.
Further Reading Five stocks we like better than NexGen Energy
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, /PRNewswire/ -- USANewsGroup.com News Commentary — Seventy-eight gigawatts of nuclear reactor capacity are now under construction across 15 countries, according to the International Energy Agency's 2026 Global Energy Review, and global installed nuclear capacity sits at 420 GW[1]. That building spree just got louder: at the Paris Nuclear Energy Summit in March, 38 nations signed on to triple nuclear capacity by 2050, locking in sovereign fuel commitments that tighten the supply picture for years[2]. The capital now rotating into this sector is targeting companies already past the starting line, and five names sit at the front of that queue: Eagle Nuclear Energy Corp. (NASDAQ: NUCL), Cameco Corporation (NYSE: CCJ) (TSX: CCO), Uranium Energy (NYSE-A: UEC), NexGen Energy (NYSE: NXE) (TSX: NXE), and Denison Mines (NYSE-A: DNN) (TSX: DML).
The World Nuclear Association projects government targets could push global nuclear capacity to 1,446 GWe by 2050, well past the 1,200 GW tripling goal set at COP28[3]. With over 12 GW of new nuclear construction starts in 2025 alone, according to the IEA, the asymmetric upside now favors companies holding permitted sites, funded drill programs, and active construction timelines over early-stage explorers still years from first approvals[4].
Eagle Nuclear Energy (NASDAQ: NUCL) just reported its first quarter as a publicly traded company, and the numbers tell a clean story: $31.3 million in cash, zero interest-bearing debt, and a flagship uranium project that is now moving toward drilling.
The company's Aurora Uranium Project, located along the Oregon-Nevada border, holds 32.75 million pounds of indicated uranium and 4.98 million pounds of inferred uranium. That makes it the largest conventional, measured and indicated uranium deposit in the United States. Eagle Nuclear Energy completed its business combination with Spring Valley Acquisition Corp. II in February 2026 and began trading on the Nasdaq on February 25 under the ticker NUCL.
Since listing, Eagle Nuclear Energy has moved quickly. The company announced a 27,000 ft drill program at Aurora in early April, designed to advance the project toward a Pre-Feasibility Study. The program consists of 47 diamond drill holes planned by resource consultants BBA USA Inc., with objectives spanning resource expansion, classification enhancement, advanced metallurgy, rock mechanics, and hydrogeological analysis. Each hole was designed to serve multiple purposes simultaneously, keeping the overall program limited without sacrificing any of its goals.
Days later, Eagle Nuclear Energy engaged Harris Exploration Drilling to provide up to three track-mounted core drill rigs for the campaign, which is scheduled to begin in July and expected to wrap within three to four months. The company's permitting manager, SLR International Corporation, has already filed permit applications with the Bureau of Land Management and the Oregon Department of Geology and Mineral Industries. Both agencies have acknowledged receipt, and Eagle Nuclear Energy anticipates approvals in time for the July start.
The broader strategy here is vertical integration. Eagle Nuclear Energy is not just exploring uranium. The company is pairing domestic uranium resources with exclusive Small Modular Reactor technology to build what it calls an integrated nuclear energy platform. At a time when operating reactors in the United States source more than 95% of their fuel from foreign suppliers, a domestic project with a clear path to development carries real strategic weight. Eagle Nuclear Energy's membership in the Uranium Producers of America reinforces that positioning, and the Pre-Feasibility Study is slated for completion in the second half of 2027.
With cash on hand, a drill program locked in, permits filed, and rigs secured, Eagle Nuclear Energy is approaching a summer that could meaningfully reshape how the market values Aurora. For a company that only began trading two months ago, the pace of execution stands out.
Other industry developments and happenings in the market include:
Cameco Corporation (NYSE: CCJ) (TSX: CCO) signed a long-term agreement to supply nearly 22 million pounds of uranium ore concentrate to India's Department of Atomic Energy over a nine-year period, with deliveries expected to run from 2027 through 2035. The contract carries an estimated total value of approximately $2.6 billion, based on a uranium spot price of US$86.95 per pound, and was celebrated in Delhi alongside Indian Prime Minister Narendra Modi, Canadian Prime Minister Mark Carney, and Saskatchewan Premier Scott Moe.
"Cameco is proud to be a strategic partner with India to help meet its civil nuclear fuel needs and support its trade relationship with Canada," said Tim Gitzel, CEO of Cameco Corporation. "India is embarking on an ambitious nuclear expansion to power its development plans and meet the future energy security needs of its people."
India currently operates 24 reactors with plans to reach 100 GW of nuclear capacity by 2047, representing a significant long-term demand driver for uranium supply. The new agreement builds on a previous five-year contract Cameco Corporation held with India beginning in 2015, reinforcing the company's position as a trusted nuclear fuel supplier of choice for sovereign buyers globally.
Uranium Energy (NYSE-A: UEC) announced production commencement at its Burke Hollow project in South Texas following approval from the Texas Commission on Environmental Quality, making Burke Hollow the world's newest in-situ recovery uranium mine and the first new U.S. ISR operation to start in over a decade. Combined with recent capacity expansion approvals at Christensen Ranch in Wyoming, Uranium Energy now operates two active ISR hub-and-spoke platforms and is the only U.S. uranium company with two producing ISR production systems.
"The startup of Burke Hollow is a significant achievement for UEC, advancing the project from a grassroots discovery in 2012 to production in 2026," said Amir Adnani, President and CEO of Uranium Energy. "With two ISR operations now producing, and our Ludeman ISR project planned for startup in 2027, we are building a scalable, multi-faceted platform supported by the largest uranium resource base in the United States."
Burke Hollow is the largest ISR uranium discovery in the United States, with multi-phase development potential designed to scale production in line with market demand. Uranium Energy maintains a 100% unhedged production strategy, holds the largest uranium resource base in the U.S., and is targeting growth across its three-platform ISR network to meet strengthening market fundamentals.
NexGen Energy (NYSE: NXE) (TSX: NXE) received final federal approval for the Rook I uranium project in Saskatchewan's Athabasca Basin, with the Canadian Nuclear Safety Commission issuing both an Environmental Assessment approval and a Licence to Prepare Site and Construct, the last regulatory hurdle required to begin full construction. When operational, Rook I will produce up to 30 million pounds of uranium annually, representing more than 20% of global uranium supply and more than 50% of western world supply.
"NexGen is the foundational and necessary key to fueling that growth," said Leigh Curyer, Founder and CEO of NexGen Energy. "Our team, our asset, and this moment are aligned in a way that comes along once in a generation. Together with our Nation partners and our many valued stakeholders, we are well prepared and ready to execute the construction phase of the Rook I Project with the same scope, schedule and cost precision that has defined NexGen since incorporation in 2011."
NexGen Energy made its Final Investment Decision ahead of the approval, with official construction commencing in summer 2026 and expected to take four years. All procurement, engineering, vendors, and capital are in place, with the company having worked in lockstep with Indigenous communities throughout the multi-year approval process.
Denison Mines (NYSE-A: DNN) (TSX: DML) filed its audited 2025 annual results alongside a Final Investment Decision to construct the Phoenix in-situ recovery uranium mine at the Wheeler River property in Saskatchewan's Athabasca Basin, with site preparation and construction commencing in March 2026 and first production targeted by mid-2028. Denison Mines secured US$345 million through a senior convertible notes offering, appointed Wood Plc as construction manager, and advanced engineering to nearly 90% completion.
"Over the past twelve months, Denison continued to make significant investments in its assets, including its flagship Phoenix project," said David Cates, President and CEO of Denison Mines. "With receipt of all regulatory approvals necessary to start construction, significant advancement of construction planning and procurement efforts, appointment of Wood Plc as construction manager, and a strong balance sheet, we are ready to commence site preparation for and construction of the Phoenix ISR uranium mine later this month."
McClean North, operated by joint venture partner Orano Canada, deployed the patented SABRE mining method and produced nearly 650,000 pounds U3O8 in 2025, one of the most productive new uranium mines in North America. Denison Mines also advanced delineation drilling at the Gryphon deposit and expanded its exploration JV portfolio with Skyharbour Resources.
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There may be 3rd parties who may have shares of Eagle Nuclear Energy Corp., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ does not own any shares of Eagle Nuclear Energy Corp. but reserve the right to buy and sell, and will buy and sell shares of Eagle Nuclear Energy Corp. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by MIQ has been approved on behalf of Eagle Nuclear Energy Corp. by CDMG, and the company itself; this is a paid advertisement, we currently do not own shares of Eagle Nuclear Energy Corp. but reserve the right to buy and sell shares of NUCL, and will buy and sell shares of the company in the open market, or through private placements, and/or other investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment. Cautionary Note Regarding Forward-Looking Statements: Certain statements included in this document are not historical facts but are forward-looking statements. All statements other than statements of historical facts contained in this document are forward-looking statements. Any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are also forward-looking statements. Forward-looking statements include, without limitation, expected benefits from Eagle's business combination with SVII; the outlook for Eagle's business; the viability of Eagle's mining claims and technologies; as well as any information concerning possible or assumed future results of operations of Eagle. The forward-looking statements are based on the current expectations of the management team of Eagle and are inherently subject to uncertainties and changes in circumstance and their potential effects. There can be no assurance that future developments will be those that have been anticipated. These forward-looking statements involve a number of risks, uncertainties or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, (i) market risks; (ii) the outcome of any legal proceedings that may be instituted against Eagle related to its business combination; (iii) failure to realize the anticipated benefits of the business combination; (iv) the inability to maintain the listing of the Company's securities on Nasdaq Capital Market or a comparable exchange; (v) the risk that the price of Eagle's securities may be volatile due to a variety of factors, including changes in laws, regulations, technologies, natural disasters or health epidemics/pandemics, national security tensions, and macro-economic and social environments affecting its business; and (vi) fluctuations in spot and forward markets for lithium and uranium and certain other commodities (such as natural gas, fuel oil and electricity). The foregoing list is not exhaustive, and there may be additional risks that Eagle does not presently know or that Eagle currently believes are immaterial. You should carefully consider the foregoing factors, any other factors discussed in this document and the other risks and uncertainties described in filings made with the SEC by Eagle from time to time, which are or will be accessible at www.sec.gov. Eagle cautions you against placing undue reliance on forward-looking statements, which reflect current beliefs and are based on information currently available as of the date a forward-looking statement is made. Forward-looking statements set forth in this document speak only as of the date of this document.
Vancouver, British Columbia--(Newsfile Corp. - May 5, 2026) - NexGen Energy Ltd. (TSX: NXE) (NYSE: NXE) (ASX: NXG) ("NexGen" or the "Company") will host its 2026 first quarter conference call on Thursday, May 7, 2026, at 8:00 am Eastern Time.
During the call, NexGen's Founder and Chief Executive Officer, Leigh Curyer, Chief Commercial Officer, Travis McPherson, Chief Financial Officer, Benjamin Salter, and Chris Copley, Project Director will provide an update on the site activities at NexGen's 100% owned Rook I Project (the "Project"). Including the Company's 2025 site infrastructure program, construction preparation, pending major contract announcements, timelines and procurement readiness, financing, the continued drilling success at Patterson Corridor East ("PCE"), and strengthening uranium market dynamics, alongside NexGen's strategy to optimize value through maximizing leverage to future uranium prices.
Call-in Details:
Date: Thursday, May 7, 2026
Time: 8:00 am Eastern Time
Participants should advise the operator that they are joining the "NexGen Energy Ltd. Conference Call" to gain admission to the event:
North America Toll Free Number: 1-833-752-3734
Australia Local Toll Number: +61-7-3911-1378
Participants accessing the call via either of the provided links will be automatically connected to the NexGen Energy Ltd. Conference Call:
International HD Web Phone Access: Access Link
Call meTM : Call Me Link
Prior to the call, the Company will file its 2026 first quarter Financial Statements and Management Discussion & Analysis on Tuesday, May 5, 2026, after the North American markets close. These fillings will be available for review on the NexGen website under Reports and Filings and on the Company's SEDAR+ profile at www.sedarplus.ca. In addition, a replay of the call will be available on the NexGen website under Events & Webcasts.
Further Information is available at www.nexgenenergy.ca.
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 standards in environmental and social governance. The Rook I Project is supported by a NI 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.
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 materially 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/295953
Source: NexGen Energy Ltd.
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RK-25-239 returns 13.0 m at 5.2% U3O8, including 0.5 m at 30.2% U3O8 confirming expansion of the growing high-grade subdomain 33 m up dip of RK-25-232 (15.0 m at 15.9% U3O8)RK-25-240 returns 10.0 m at 3.95% U3O8, including 0.5 m at 33.3% U3O8 in the down dip portion of the high-grade subdomain 266 m below RK-25-232 Assays from RK-25-230 (7.5 m at 5.3% U3O8 including 0.5 m at 35.9% U3O8), RK-25-233 (6.0 m at 2.4% U3O8 including 0.5 m at 23.4% U3O8), RK-25-236 (5.5 m at 2.3% U3O8 including 0.5 m at 13.3% U3O8) confirm continuity of high-grade subdomain; 47 m, 151 m, and 40 m respectively from RK-25-232 Confirmed the new high-grade subdomain, at 850 m below surface with RK-25-257 returning 4.5 m at 4.8% U3O8 including 0.5 m at 33.3% U3O8 located 67 m up dip of RK-24-202 (0.5 m at 6.9% U3O8). Confirms significant growth potential.Vancouver, British Columbia--(Newsfile Corp. - May 7, 2026) - NexGen Energy Ltd. (TSX: NXE) (NYSE: NXE) (ASX: NXG) ("NexGen" or the "Company") announces the final receipt of 2025 assay results that highlight the expansion and continuity of the high-grade subdomain at the Company's 100% owned Patterson Corridor East (PCE) discovery located 3.5 km from the Arrow Deposit. The expansion of the high-grade subdomain is especially confirmed by RK-25-239 which returned 13.0 m at 5.2% U3O8, including 0.5 m at 30.2% U3O8, at 400 m below surface and RK-25-240 which returned 10.0 m at 3.95% U3O8, including 0.5 m at 33.3% U3O8, at 670 m below surface. Both of these holes share strong similarities with respect to their overall geological characteristics which span across 292 m of mineralized dip extent. (Figures 1-3, Table 1).
Results from RK-25-240 emphasize the potential extension of mineralization at depth where the system is open. Together with these results, the grades from RK-25-230 (Figure 4), RK-25-233, RK-25-236 have confirmed a strong core zone within the high-grade subdomain which remains open in most directions.
Within the overall mineralized footprint, a new secondary high-grade subdomain is now confirmed by RK-25-257 (Figures 1 and 5). This hole has several intercepts with the best being 4.5 m at 4.8% U3O8 including 0.5 m at 33.3% U3O8 located 67 m up dip of RK-24-202 (0.5 m at 6.9% U3O8). This new subdomain has high prospectivity for continued growth and is open in most directions.
Exploration drilling in 2026 has already driven further growth at PCE with the majority of the campaign (29,241.8 m of the planned 42,000 m) scheduled to recommence the week of May 25, 2026 (see news release April 22, 2026). All samples from 2026 drilling to date are submitted to the independent Saskatchewan Research Council Geoanalytical Laboratory (SRC), with results to follow.
Leigh Curyer, Founder & Chief Executive Officer, commented: "These assay results from 2025 drilling confirm high-grade mineralization and the expanding scale of PCE. The combination of high-grades, continuity, scale and geotechnical characteristics continue to highlight the similarities between PCE and the mighty Arrow Deposit. The opening up of a new high-grade subdomain emphasizes significant growth potential remains at PCE. With the structural supply deficit in the market widening, and the impacts of the industry wide underinvestment in the uranium supply chain for a generation, the urgency of finding and bringing online new, reliable uranium supply has never been greater. As the Rook I Project enters into major construction this summer, we continue to advance PCE to ensure that NexGen optimizes its unparalleled opportunity to become one of the world's most important mining company in delivering energy fuel for the current and future generations."
Figure 1: Interpreted PCE long section (as of April 22, 2026 release) with notable assays collected since discovery and new results outlined in red; view is a long section that looks perpendicular to the primary mineralized plane; total mineralized footprint in orange and the high-grade subdomains in red
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Figure 2: Core photo of assays from RK-25-239 with grades shown as % U3O8
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Figure 3: Core photo of assays from RK-25-240 with grades shown as % U3O8
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Figure 4: Core photo of assays from RK-25-230 with grades shown as % U3O8
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Figure 5: Core photo of assays from RK-25-257 highlighting the new subdomain with grades shown as % U3O8
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Table 1: Assays received since December 1, 2025 news release
Drillhole Unconformity Depth (m) SRC Geoanalytical Results (Cutoff 0.01%) Hole ID Azimuth Dip Total Depth (m) From (m) To (m) Width (m) U3O8 (wt%) RK-25-210c1310-70894.0-794794.50.50.01
585.55871.50.03All depths and intervals are meters downhole, true thicknesses are yet to be determined.Unconformity of 'N/A' denotes a lack of visible contact between Athabasca sandstone and basement rock.Maximum internal dilution 2.0 m downhole.Minimum thickness of 0.5 m downhole.Cutoff grade 0.01% U3O8.All depths and intervals are metres downhole, true thicknesses are yet to be determined. Resource modelling in conjunction with an updated mineral resource estimate is required before true thicknesses can be determined.* Denotes results that correlate to high-grade levels of radioactivity (>10,000 cps)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.
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.
Natural gamma radiation in drill core reported in this news release was measured in counts per second (cps) using a Radiation Solutions Inc. RS-125 gamma spectrometer. The reader is cautioned that total count gamma readings may not be directly or uniformly related to uranium grades of the rock sample measured; they should be used only as a preliminary indication of the presence of radioactive minerals.
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 6, 2024 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/296430
Source: NexGen Energy Ltd.
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3 Bargain Stocks Under $20 With Major Growth PotentialNexGen Energy NYSE: NXE said its first quarter of 2026 marked a major transition point for the company, with Chief Executive Officer and Director Leigh Curyer highlighting final federal approval for the Rook I uranium project, the start of preparations for full-scale construction and continued exploration success at the Patterson Corridor East discovery.
On the company’s earnings call, Curyer said the Canadian Nuclear Safety Commission issued NexGen a license to prepare site and construct Rook I just 14 business days after the conclusion of a two-part hearing process on March 5, 2026. He called the approval “the defining” milestone for the company and attributed the outcome to NexGen’s technical submission, engagement with regulators and relationships with local Indigenous nations and stakeholders.
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Rook I moves toward construction Invest While You Can: Pullbacks on These 3 Stocks Won’t Last LongCuryer said NexGen has already made the final investment decision for Rook I and expects to begin full-scale construction this summer in the Northern Hemisphere. He said the company has its team, procurement, engineering, vendors, contractors and capital in place.
The company has invested approximately CAD 748 million at Rook I to date, according to Curyer. He said the project’s estimated construction capital expenditure remains CAD 2.2 billion, and management has not seen anything material so far that would change that range.
Why These Nuclear Stocks Could Beat Solar and Wind Energy Stocks“Everything we’ve done to date, we are still in that CAD 2.2 billion range,” Curyer said in response to a question from TD Cowen analyst Craig Hutchison. He added that NexGen would inform the market if changes became material to its ability to finance the project.
Curyer said key construction readiness items are already advanced, including critical path procurement for the first two years, a shaft sinking contractor and a freeze plant ready for delivery to site. NexGen’s CAD 100 million site infrastructure program, launched in 2025 and including expanded accommodations, road upgrades and an airstrip, is on budget and on schedule, he said.
Project Director Chris Copley said ground freezing is a key focus of the team, with site development expected to start this summer and preparations underway for ground freezing by early next year. Curyer said NexGen plans to provide a detailed construction webinar, likely in June, outlining the construction pathway and introducing the broader project team.
Company emphasizes uranium price exposure Curyer spent a significant portion of the call discussing the uranium market, arguing that geopolitical disruptions and rising demand for reliable baseload power have increased the strategic importance of nuclear energy. He said the company’s contracting strategy is designed to “maximize the value of every pound produced” by maintaining leverage to future uranium prices.
NexGen currently has four contracts covering 10 million pounds over the first five years, Curyer said. He added that the company has 28 million pounds per year uncontracted over those five years and 30 million pounds per year thereafter.
In response to Canaccord Genuity analyst Anthony Taglieri, Curyer said NexGen does not have a fixed target for the percentage of production it wants under contract. He said the company is seeing contract structures that include spot exposure, floors and ceilings, and other variations depending on utility preferences.
Chief Commercial Officer Travis McPherson said NexGen is not under pressure to sign additional contracts by a set date. “Patience has paid NexGen in this market, and we don’t see that slowing down,” McPherson said.
Curyer said the company continues to advance offtake discussions with utilities in the U.S., Europe and Asia-Pacific, and expects to formalize additional agreements through 2026 if terms meet the company’s objectives.
Financing options remain under review NexGen ended the first quarter with more than CAD 1 billion in cash, Curyer said. Management said that balance gives the company flexibility as it evaluates financing options for Rook I.
McPherson said potential structures remain consistent with what the company has previously discussed, including product prepayments, project finance and convertibles. He described the company as having “a lot of options” and said NexGen is continuing due diligence on counterparties and structures.
Curyer said NexGen will not wait until the last moment to finalize financing, but said higher uranium prices could improve the cost of capital. He said a financing package could come in 2026 or early 2027.
On existing convertible debt, McPherson said the securities are in the money and can be converted at NexGen’s discretion after the third anniversary. He said the first tranche reaches that point in September 2026 and another in May 2027, adding that conversion would be consistent with NexGen’s past practice.
PCE exploration remains a major focus NexGen also highlighted new drilling results at Patterson Corridor East, or PCE, which Curyer described as an “incredibly exciting” discovery located about 3.5 kilometers from Arrow. He said the vertical extent of the high-grade subdomain has increased by 33% to 550 meters, with a strike length of more than 200 meters. The system remains open, and the company is also seeing early indications of a separate parallel trend, he said.
Curyer said only about 30% of the planned 42,000-meter 2026 drill program has been completed, with a summer program expected to begin in late May. He said roughly three-quarters of the remaining meters will focus on PCE extensions and high-grade subdomains, while additional work will test parallel mineralized zones. NexGen also plans a 3,500-meter program at SW3 and geophysics at SW1.
Asked about a maiden resource estimate for PCE, Curyer said he does not currently expect one in 2026 and that 2027 is a reasonable expectation, subject to results from the remaining drilling.
Curyer said PCE could conceptually be accessed from Arrow through underground workings, with ore brought up through the same production shaft. However, he emphasized that PCE is outside the currently approved Rook I license boundary and would require additional drilling, engineering, environmental work and regulatory approval before development.
Production approach and outlook In response to Scotiabank analyst Orest Wowkodaw, Curyer said Rook I is capable of producing 30 million pounds per year at 1,300 tons per day. If uranium prices did not meet NexGen’s expectations, he said the company would produce and store material rather than reduce output.
“We will produce and store if we were not satisfied that we’re getting a fair price for our production,” Curyer said.
Curyer said the company is focused on constructing Rook I safely, on scope, on cost and on schedule, while continuing to define PCE in parallel. He closed the call by saying NexGen expects to provide more detail on construction planning during the upcoming webinar and described 2026 as a transformative year for the company.
About NexGen Energy NYSE: NXENexGen Energy is a Canada-based uranium exploration and development company focused on advancing its flagship Rook I project in the Athabasca Basin of northern Saskatchewan. The company's primary activities include resource delineation, feasibility studies, and permitting for its high-grade Arrow deposit, one of the largest undeveloped uranium discoveries in the region. NexGen's technical team employs advanced drilling, geophysical and geochemical techniques to expand and define its resource base, with the aim of delivering a robust, low-cost supply of uranium to global nuclear power markets.
The Rook I project sits within one of the world's most prolific uranium districts, offering excellent infrastructure access, a skilled local workforce and a supportive regulatory regime.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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Vancouver, British Columbia--(Newsfile Corp. - May 20, 2026) - NexGen Energy Ltd. (TSX: NXE) (NYSE: NXE) (ASX: NXG) ("NexGen" or the "Company") is pleased to announce the appointment of Ryan Podrasky as Chief Financial Officer ("CFO"), effective May 25, 2026. Mr. Podrasky succeeds Benjamin ("Ben") Salter, who is stepping down as CFO. Mr. Salter will continue to support the Company in an advisory capacity to ensure a seamless transition.
Ryan Podrasky is a CPA-designated finance executive with more than 25 years of leadership across global mining and oil and gas companies. He most recently served as Chief Financial Officer of Elk Valley Resources - formerly the coal business of Teck Resources and now majority-owned by Glencore - where he led the finance function for a $10B+ revenue business that is the largest steelmaking coal producer in Canada and the second-largest seaborne supplier globally. In that capacity he had oversight of approximately $5B in annual operating and capital expenditures across a complex, multi-site, fully integrated mine-to-port value chain employing 5,700+ people and led a comprehensive and strategic finance organization. Ryan has served for over five years as Board Director of Neptune Bulk Terminals (Canada) Ltd., where he chaired the Audit, Finance, and Insurance Committees.
Prior to being appointed full-time CFO, Ryan served as Acting CFO during the separation of Teck's coal business into a standalone entity, where he helped lead one of Canada's most complex large-scale corporate carve-outs. He worked closely with the corporate teams in Vancouver establishing the standalone capital structure, treasury framework, financial systems, and governance model for a multi-billion-dollar mining organization.
Before joining Teck, Ryan spent over a decade at Nexen Inc. in Calgary, progressing from Joint Venture Auditor through to Corporate Development, where he supported enterprise strategy, capital projects, and joint venture partnerships across large-scale oil sands and international operations. He also held a commercial leadership role at Talisman Energy, where he led a cross-functional team supporting planning, performance management, and strategic decision-making across North American operations.
Leigh Curyer, Founder & Chief Executive Officer, commented: "It's with great pleasure that we announce Ryan has been appointed Chief Financial Officer of NexGen effective May 25, 2026. Ryan joins NexGen with significant experience on successful large-scale resource projects covering the financing, reporting, budgetary management and commercial functions during the construction and operating phases. I would like to take the opportunity to acknowledge and thank Ben for his commitment, dedication and positive influence in his role as Chief Financial Officer of NexGen for the past 3 years.
He has overseen the finance function with distinction and has been an absolute pleasure to work alongside in the senior executive team. His contribution to NexGen is and will always be highly regarded.
The Board and Executive wish Ben all the very best in his future as he takes some well-deserved time off to spend with his family and pursue personal interests."
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 standards in environmental and social governance. The Rook I Project is supported by a NI 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
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 materially 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, 2026 filed with the securities commissions of all of the provinces of Canada 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/298160
Source: NexGen Energy Ltd.
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Vancouver, British Columbia--(Newsfile Corp. - May 21, 2026) - NexGen Energy Ltd. (TSX: NXE) (NYSE: NXE) (ASX: NXG) ("NexGen" or the "Company") is pleased to announce it has mailed a Notice of Meeting and Management Information Circular to Shareholders of record as of Monday, May 11, 2026 in connection with the Annual General and Special Meeting of the Company to be held on Tuesday, June 30, 2026, at 2:00 p.m. (Pacific Time).
Your Vote is Important - Please Vote Today.
Shareholders are encouraged to read the meeting materials including the Management Information Circular that provides a detailed analysis of important considerations for voting at the meeting. These materials have been filed on SEDAR+ (www.sedarplus.ca) and can be found on our website under NexGen Investor Centre - Reports and Filings: https://www.nexgenenergy.ca/investor-center/
Shareholders will be asked to vote on the following matters:
Elect directors for the ensuing year; Appoint PricewaterhouseCoopers (PWC) as independent auditor of the Company for the 2026 financial year and to authorize the directors to fix their remunerations;Approve the continuation, amendment, and restatement of the Company's Shareholder Right's plan; and Set the number of directors at nine;The Board of Directors of NexGen recommends that Shareholders vote in favour of all proposed items.
Meeting Access and Location:
Webcast URL: https://app.webinar.net/ZvNRDmB6bPk
Conference Call Dial-In:
To join the conference call by phone, please use the following URL to easily register yourself and be connected into the conference call automatically or dial direct.
https://emportal.ink/4tymBoT Conference ID: 75646 North American Toll Free: 1-888-699-1199 Australia: 61-280-171-385 Location:NexGen Energy Ltd. Corporate Office Suite 3150, 1021 West Hastings St. Vancouver, BC CanadaParticipants of the webcast and conference call will be able to participate in the Q&A session following the formal business of the Meeting and presentation.
How to Vote
Non-Registered Shareholders
Shares held with a broker, bank or other intermediary
(16-digit control number)Registered Shareholders
Shares held in own name and represented by a physical certificate or DRS Statement
(15-digit control number)CDI Holders
Shares held by way of CDIs through CHESS Depository Nominees Pty Limited www.proxyvote.comwww.investorvote.comwww.investorvote.com.auCall or fax to the number(s) listed on your voting instruction form
Canada 1-800-474-7493 (English) Or 1-800-474-7501 (French)
USA: 1-800-454-8683Phone: 1-866-732-8683Fax to the number(s) listed on your CDI voting instruction formReturn the voting instruction form in the enclosed postage paid envelopeReturn the form of proxy in the enclosed postage paid envelopeReturn the CDI voting instruction form to the address listed in your CDI voting instruction formPlease submit your vote well in advance of the proxy deposit deadline of
2:00p.m. (Pacific Time) on Friday June 26, 2026.
Shareholder Information and Questions
NexGen shareholders who have questions about the Management Information Circular, or require assistance with voting their shares can contact the Company's proxy solicitation agent:
Kingsdale Advisors
North America Toll Free: 1-888-518-1563
Call and Text Enabled Outside North America: 1-437-561-5005
Toll Free In Australia: 1-800-755-963
Email: [email protected]
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 standards in environmental and social governance. The Rook I Project is supported by a NI 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.
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, 2026 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/298355
Source: NexGen Energy Ltd.
Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
NexGen Energy is advancing the Rook I uranium project, now fully permitted and entering construction, with the potential to supply 20% of global uranium demand. NXE's valuation (~$8 billion) reflects optimism about Rook I's high-grade reserves, low costs, and leverage to rising uranium prices, but the project remains years from production. The company's flexible contract strategy maximizes exposure to future uranium price upside but introduces market risk and amplifies sensitivity to commodity cycles.
