Latest news with #RookIProject
Associated Press
3 days ago
- Business
- Associated Press
NexGen Announces Doubling of Contracted Sales Volumes with 5 Million Pound Uranium Offtake Contract with Major US Utility
Vancouver, British Columbia--(Newsfile Corp. - August 6, 2025) - NexGen Energy Ltd. (TSX: NXE) (NYSE: NXE) (ASX: NXG) ('NexGen' or the 'Company') is pleased to announce it has secured a new uranium offtake contract with another major US based utility for the delivery of 1 million pounds of uranium per year over a five-year period. Commencing in the first year of commercial production, this latest uranium sales agreement follows the Company's first sales contracts announced in December 2024 ( link NR December 4, 2024). This contract reflects the significant materiality of NexGen's Rook I Project in the future supply of uranium at a time when sovereign and technical risk surrounding current production sources is at unprecedented levels worldwide. This contract doubles NexGen's existing contracted volumes incorporating significant leverage to the future pricing of uranium. In addition, NexGen's Arrow Deposit currently has 229.6M lbs of uncontracted reserves to be sold optimally in the future. Market-related pricing mechanisms at the time of delivery is a key element of NexGen's offtake strategy. Leigh Curyer, Founder & Chief Executive Officer, commented: 'NexGen's stated strategy simply optimizes the value and return on each pound produced. It reflects Rook I's relative technical simplicity and high production volume certainty, which provides our utility clients confidence in the delivery of their future fuel requirements. At the same time, it provides NexGen shareholders unprecedented industry leading leverage to prices at the time of those deliveries. The team is managing a substantial increase in offtake activity and negotiation, reflecting NexGen as a future cornerstone of the global nuclear energy market. In an era defined by the intersection of energy security and national security combined with surging demand for electrification, NexGen's role in enhancing energy security and independence for its power utility clients has never been more critical.' 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. For additional information and media inquiries: Leigh Curyer Chief Executive Officer NexGen Energy Ltd. +1 604 428 4112 [email protected] Travis McPherson Chief Commercial Officer NexGen Energy Ltd. +1 604 428 4112 [email protected] Monica Kras Vice President, Corporate Development NexGen Energy Ltd. +44 (0) 7307 191933 [email protected] Fo rward-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 setting industry benchmarks with innovative and sustainable mining solutions and reflecting ongoing commitments to maximizing benefits to partners and stakeholders, the successful execution of the shaft sinking contract, the seamless transition to major construction following anticipated federal Environmental Assessment and licence approvals, 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, third-party contractors, including Thyssen, will perform their contracts as expected and on time, 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 and 40-F filed on Edgar at 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 view the source version of this press release, please visit
Associated Press
01-08-2025
- Business
- Associated Press
NexGen Energy to Host Q2 2025 Conference Call on Rook I Project Developments
Vancouver, British Columbia--(Newsfile Corp. - August 1, 2025) - NexGen Energy Ltd. (TSX: NXE) (NYSE: NXE) (ASX: NXG) ('NexGen' or the 'Company') is pleased to announce that the Company will host its 2025 second quarter conference call on Wednesday, August 7, 2025, at 8:30 am Eastern Standard Time. During the call, NexGen's Founder, President and Chief Executive Officer, Leigh Curyer, Chief Commercial Officer, Travis McPherson, and Chief Financial Officer, Benjamin Salter, will provide a comprehensive update on the Company's 100%-owned Rook I Project (the 'Project'). This includes insights on project development including progress on the 2025 site infrastructure program, an update on the latest insight on the market as experienced by the Company, and preparations for the final Commission Hearing - alongside exciting exploration updates from the developing world-class PCE. Call-in Details: Date: Wednesday, August 7, 2025 Time: 8:30 am Eastern Standard Time Participants should advise the operator that they are joining the 'NexGen Energy Ltd. Conference Call' to ensure proper admission to the event: North America Toll Free Number: 1-833-752-3734 Australia Local Toll Number: +61-3-8592-6289 Participants accessing the call via either of the provided links will be automatically connected to the NexGen Energy Ltd. conference without the need to speak with an operator: Prior to the call, the Company will file its 2025 second quarter Financial Statements and Management Discussion & Analysis on Tuesday, August 5 th, post-market. These fillings will be available for review on the NexGen website under Reports and Filings and on the Company's SEDAR+ profile at In addition, a replay will be available on the NexGen website under Events & Presentations. Further Information is available at 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 Leigh Curyer Founder & Chief Executive Officer NexGen Energy Ltd. +1 604 428 4112 [email protected] Travis McPherson Chief Commercial Officer NexGen Energy Ltd. +1 604 428 4112 [email protected] Monica Kras Vice President, Corporate Development NexGen Energy Ltd. +44 (0) 7307 191933 [email protected] 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+ Edgar 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 view the source version of this press release, please visit
Associated Press
16-06-2025
- Business
- Associated Press
NexGen Releases 2024 Sustainability Report
Vancouver, British Columbia--(Newsfile Corp. - June 16, 2025) - NexGen Energy Ltd. (TSX: NXE) (NYSE: NXE) (ASX: NXG) ('NexGen' or the 'Company') is proud to announce the release of its 2024 Sustainability Report ('the Report') that covers the period January 1, 2024, to December 31, 2024. The Report marks the fifth year that NexGen has reported on the Company's robust Environmental, Social, and Governance profile. In addition to reporting in accordance with the Global Reporting Initiative ('GRI') Standards, the Report demonstrates alignment with the Task Force of Climate-related Financial Disclosures ('TCFD'). The Report is available on the Company's website: 2024 Sustainability Report Leigh Curyer, Chief Executive Officer, commented: '2024 proved to be a landmark year for NexGen - one defined by major achievements that bring us to the final stages of delivering the world's largest high-grade uranium project, while delivering the most elite standards of health and safety, environmental protection and social well-being for all of our stakeholders. The exciting new discovery at Patterson Corridor East, further underscores the exceptional prospectivity of our land package and the long-term growth potential for the Company. With each milestone, we are not only advancing the Rook I Project but also shaping the landscape of responsible resource development. As we move toward becoming one of the most strategic mining companies, our steadfast commitment to sustainable development, elite environmental stewardship, and genuine community partnerships remains at the core of everything we do.' Key Highlights from the Report: Completion of Federal Environmental Assessment Technical Review and Setting of Hearing Dates NexGen achieved a historic regulatory milestone, successfully completing the Canadian Nuclear Safety Commission ('CNSC') Environmental Assessment ('EA') technical review in November of 2024 - a first for a greenfield uranium mine and mill in Canada in 20 years. This follows the completion of the Provincial EA in November 2023. The Company is now preparing for the CNSC Commission Hearing currently scheduled to be complete in February 2026, and pending a positive EA decision, is ready to immediately commence construction. 2024 ABEX Community Involvement Award NexGen was honoured with the 2024 ABEX Community Involvement Award from the Saskatchewan Chamber of Commerce for its genuine approach to building strong resilient communities through innovative and inclusive programs that are delivering a positive impact in the region. Expanded Training and Education Programs Expansion of the Company's education and training initiatives included the launch of NexGen's 'Pathways to Your Future' career development program. This, alongside other NexGen-initiated and funded programs have equipped over 500 local participants in the Local Priority Area ('LPA') with essential technical and workplace skills for careers in uranium mining since 2023. Local Employment and Procurement Opportunities Prioritizing communities within the Local Priority Area ('LPA'), NexGen exceeded its aspirational employment and procurement targets, with 82% of Rook I site employees being LPA residents, and 94% of Rook I cash expenditure awarded to LPA suppliers. Environmental Performance Through Energy Efficiency NexGen optimized power generation at the Rook I Project through the implementation of a centralized power generation system and the installation of a pilot 24-kilowatt solar power system. Active Environmental Management During Exploration NexGen minimized its environmental footprint during exploration activity through a single area focused drill program, resulting in a 73% reduction in overall land disturbance. Additionally, the Company reclaimed 83% of land disturbed by exploration activity in 2024. Economic Impact Update Building on the updated initial capital, and sustaining and operating costs released during 2024, an economic impact study of the Rook I Project points to the significant scale of its potential positive effects. The forecasted total economic impact to the Province of Saskatchewan and Canada over the development and 11-year production period is $37 billion, with an average of 1,400 annual total jobs. Importantly, the Project is being permitted for a 24-year mine life, underscoring the opportunity for potentially greater long-term benefits, both economically and socially, well beyond the initial forecast. Climate-Related Disclosure Alignment ('TCFD') NexGen completed a comprehensive TCFD gap analysis, followed by a climate-related risk assessment that evaluated physical and transition risks over short, medium, and long-term time horizons, ensuring that climate-related risks and opportunities are effectively integrated into NexGen's broader risk management and strategic planning. The 2024 Report has been prepared in accordance with the GRI Standards, in alignment with the TCFD and has been reviewed and approved by NexGen's Executive Team, the Sustainability Committee as well as the full Board of Directors. NexGen will continue to optimize its sustainability reporting in line with the Company's focus on accountability and transparency. 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. For additional information and media inquiries: Leigh Curyer Chief Executive Officer NexGen Energy Ltd. +1 604 428 4112 [email protected] Travis McPherson Chief Commercial Officer NexGen Energy Ltd. +1 604 428 4112 [email protected] Monica Kras Vice President, Corporate Development NexGen Energy Ltd. +44 (0) 7307 191933 [email protected] Fo rward-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 setting industry benchmarks with innovative and sustainable mining solutions and reflecting ongoing commitments to maximizing benefits to partners and stakeholders, the successful execution of the shaft sinking contract, the seamless transition to major construction following anticipated federal Environmental Assessment and licence approvals, 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, third-party contractors, including Thyssen, will perform their contracts as expected and on time, 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+ 40-F filed on Edgar at 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 view the source version of this press release, please visit
Associated Press
12-05-2025
- Business
- Associated Press
NexGen Energy to Host Q1 2025 Conference Call on Rook I Project Developments
Vancouver, British Columbia--(Newsfile Corp. - May 12, 2025) - NexGen Energy Ltd. (TSX: NXE) (NYSE: NXE) (ASX: NXG) ('NexGen' or the 'Company') is pleased to announce that the Company will host its 2025 first quarter conference call on Tuesday, May 20, 2025, at 10:00 am Eastern Standard Time. During the call, NexGen's Founder, President and Chief Executive Officer, Leigh Curyer, Chief Commercial Officer, Travis McPherson, and Chief Financial Officer, Benjamin Salter, will provide a comprehensive update on the Company's 100%-owned Rook I Project (the 'Project'). This will include the latest milestones in project development, utility contracting and preparations for the final Commission Hearing as well as the exciting exploration activity at the new material discovery at Patterson Corridor East. Finally, management will provide the Company's perspective on current market fundamentals including supply constraints and resilient demand drivers. Call-in Details: Date: Tuesday, May 20, 2025 Time: 10:00 am Eastern Standard Time Participants should advise the operator that they are joining the 'NexGen Energy Ltd. Conference Call' to ensure proper admission to the event: North America Toll Free Number: 1-844-763-8274 Australia Local Toll Number: +61-3-8592-6289 Participants accessing the call via either of the provided links will be automatically connected to the NexGen Energy Ltd. conference without the need to speak with an operator: International HD Web Phone Access: Access Link Call me TM : Call Me Link Prior to the call, the Company will file its 2025 first quarter Financial Statements and Management Discussion & Analysis on Tuesday, May 13 th, pre-market. These fillings will be available for review on the NexGen website under Reports and Filings and on the Company's SEDAR+ profile at In addition, a replay will be available on the NexGen website under Events & Presentations. Further Information is available at 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 Leigh Curyer Founder & Chief Executive Officer NexGen Energy Ltd. +1 604 428 4112 [email protected] Travis McPherson Chief Commercial Officer NexGen Energy Ltd. +1 604 428 4112 [email protected] Monica Kras Vice President, Corporate Development NexGen Energy Ltd. +44 (0) 7307 191933 [email protected] 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+ Edgar 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 view the source version of this press release, please visit
Hamilton Spectator
28-04-2025
- Business
- Hamilton Spectator
Mustang Energy Corp. Expands Strategic Land Holdings in Saskatchewan's Athabasca Basin
VANCOUVER, British Columbia, April 28, 2025 (GLOBE NEWSWIRE) — Mustang Energy Corp. (CSE: MEC, OTC:MECPF, FRA:92T) (the 'Company' or 'Mustang') is pleased to announce the successful staking of five new 100%-owned prospective uranium mineral claims in Northern Saskatchewan. This addition expands Mustang's total land package to 92,211 hectares across 14 strategically positioned projects within and around the world-renowned Athabasca Basin—home to some of the highest-grade uranium deposits globally. Newly Staked Properties Overview: Saddle Project The Saddle Project comprises two claims totaling 1,804 hectares, located approximately 10 km west of the historic Cluff Lake Uranium Mine (historical production of over 62 million pounds of uranium concentrate),¹ and 15 km northwest of the Shea Creek Uranium Deposit. The Saddle Project is situated along the outer rim of the Carswell Impact Structure, a circular geological feature believed to be caused by a meteorite impact. This area hosts intersecting structural features including ring faults and northwest-trending conductors that are sub-parallel to the Saskatoon Lake Conductor, a known mineralized trend associated with the Shea Creek Uranium Deposit.² Historical drilling on the western boundary of the Saddle Project encountered zones of extensive structural disruption between 115 and 635 meters depth, with roughly 40% of the interval affected by brecciation, bleaching, silicification, and fractured core within the Athabasca Group sediments (drillhole 06WC-004).³ The Company advises that, notwithstanding the proximity of location, discoveries of minerals on the Cluff Lake Deposit or Shea Creek Deposit and any promising results thereof are not necessarily indicative of the mineralization of, or located on the Saddle Project, or the Company's ability to commercially exploit the Saddle Project, or to locate any commercially exploitable deposits therefrom. The Company cautions investors on relying on this information as the Company has not confirmed the accuracy or reliability of the information. Yellowstone East Expansion Mustang has added one claim (1,021 hectares) to its existing 100% owned Yellowstone East Project in the western Athabasca Basin. Located 20 km northeast of the historic Cluff Lake Uranium Mine, the project is situated along the Carswell structure's outer rim and remains largely underexplored for its uranium potential. Ram Project The Ram Property spans 2,229 hectares in the southwest Athabasca Basin along the Clearwater Domain. This geological domain is considered a key driver of uranium mineralization along the Patterson Corridor, which hosts major uranium assets including NexGen Energy's Rook I Project. Although geologically prospective, the Ram Property remains relatively underexplored. The Company advises that, notwithstanding the proximity of location, discoveries of minerals on NexGen Energy's Rook I Project and any promising results thereof are not necessarily indicative of the mineralization of, or located on the Ram Project, or the Company's ability to commercially exploit the Ram Project, or to locate any commercially exploitable deposits therefrom. The Company cautions investors on relying on this information as the Company has not confirmed the accuracy or reliability of the information. Lariat Project The Lariat Project consists of one claim covering 4,396 hectares, situated just north of the Athabasca Basin and approximately 10 km northeast of Stony Rapids. The property comprising the Lariat Project lies along the Snowbird Tectonic Zone, a major crustal-scale shear zone known for hosting uranium deposits—including Cameco Corp's Centennial and Dufferin Lake deposits in the southern Athabasca Basin. Located about 15 km north along trend from Uranium Energy Corp.'s Black Lake Uranium Project, the Lariat Project not only holds potential for uranium but is also considered prospective for magmatic Cu-Co-Ni mineralization associated with mafic-ultramafic intrusions within the hybrid gneiss complex.⁴ The Company advises that, notwithstanding the proximity of location, discoveries of minerals on Cameco Corp's Centennial and Dufferin Lake deposits, as well as on Uranium Energy Corp.'s Black Lake Uranium Project and any promising results thereof are not necessarily indicative of the mineralization of, or located on the Lariat Project, or the Company's ability to commercially exploit the Lariat Project, or to locate any commercially exploitable deposits therefrom. The Company cautions investors on relying on this information as the Company has not confirmed the accuracy or reliability of the information. Figure 1: Overview Map of Mustang Energy's recently staked claims in the Western Athabasca Basin, Saskatchewan⁵ Figure 2: Overview Map of Mustang Energy's recently staked Lariat Project north of the Athabasca Basin, Saskatchewan⁵ Strategic Importance This strategic land expansion reinforces Mustang's long-term vision of building a high-impact portfolio of uranium and critical mineral assets in tier-one jurisdictions with robust infrastructure. As global demand for clean energy intensifies and nuclear power regains prominence, Mustang is well-positioned to capitalize on emerging opportunities in the uranium sector. 'These acquisitions strengthen our exploration footprint in some of the most promising uranium corridors in the world,' said Nicholas Luksha, CEO and Director of Mustang Energy. 'Our focus remains on responsible exploration, community engagement, and environmental stewardship as we continue expand our project portfolio.' References Qualifying Statement The scientific and technical information in this release has been reviewed and approved by Lynde Guillaume, Technical Advisor for Mustang Energy, a registered member of the Professional Engineers and Geoscientists of Saskatchewan. Ms. Guillaume is a Qualified Person as defined by National Instrument 43-101. About Mustang Energy Corp.: Mustang is a resource exploration company focused on acquiring and developing high-potential uranium and critical mineral assets. The Company is actively exploring its properties in Northern Saskatchewan, Canada and holds 92,211 hectares in around the Athabasca Basin. Mustang's Ford Lake project covers 7,743 hectares in the prolific eastern Athabasca Basin, while its Cigar Lake East and Roughrider South projects span 3,442 hectares, and the south-east region with the Spur Project (17,929 hectares). Mustang has also established a footprint in the Cluff Lake region of the Athabasca Basin with the Yellowstone Project (21,820 hectares) and further expanded its presence in the south-central region of the Athabasca Basin with the Dutton Project (7,633 hectares). For further information, please contact: Mustang Energy Corp. Attention: Nicholas Luksha, CEO and Director Phone: (604) 838-0184 Neither the CSE nor the Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release. This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as 'intends', 'believes' or 'anticipates', or variations of such words and phrases or statements that certain actions, events or results 'may', 'could', 'should', 'would' or 'occur'. This information and these statements, referred to herein as 'forward‐looking statements', are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions with respect to, among other things, the future potential of the minerals claims held by the Company; the completion of future work on the Projects; the potential synergy of the Projects with the Company's existing mineral claims. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation the assumption that the Company will be able to continue exploring its properties given various environmental and economic factors outside of its control and that the Company will be able to integrate the Projects into its existing business. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws.
