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Associated Press
12 hours ago
- Business
- Associated Press
NexGen Announces Final 2024 and New 2025 Assay Results at Rapidly Growing Patterson Corridor East (PCE)
Vancouver, British Columbia--(Newsfile Corp. - July 29, 2025) - NexGen Energy Ltd. (TSX: NXE) (NYSE: NXE) (ASX: NXG) ('NexGen' or the 'Company') is pleased to announce additional exciting 2024 and winter 2025 assay results from exploration at Patterson Corridor East ('PCE'). Assays from 2024 are now fully received (Table 1). New assays received from early winter 2025 with RK-25-227 returning 12.0 meters (m) at 3.46% U 3 O 8 including 2.5 m at 14.9% U 3 O 8 and an impressive 31.0% U 3 O 8 over 0.5 m (Figure 1, Table 2). RK-25-227 is located 100 m down plunge of hole RK-25-232, and 100 m up dip from RK-24-222, demonstrating the continuity of this high-grade mineralization. Leigh Curyer, Chief Executive Officer, commented: 'These new assays demonstrate PCE's high grade intensity and scale of mineralization, reflecting the emergence of a second major high-grade mineralized system 3.5km to the east of Arrow. To date, PCE is mirroring Arrow in many respects - basement hosted with a high grade sub-domain. Drilling will continue to systematically test both the overall footprint extent and inner high grade sub-domain at PCE which both remain open in all directions. As demand for nuclear power continues to grow and Big Tech companies alongside global policy makers and a wide range of industries continue to adopt nuclear power. The demand is increasing considerably faster than ever anticipated and the opportunity for the southwest section of the Athabasca Basin in Saskatchewan to service this worldwide demand is massive for local communities, Saskatchewan and Canada. NexGen will continue to add resources through its efficient discovery and delineation of uranium resources to its already world recognized Rook I Project and prospective land holdings that remains over 95% unexplored.' Jason Craven, Vice President, Exploration, commented: 'With the complete assay results for 2024 and early 2025, we are excited by the rapid growth of this material discovery and the similarities it exhibit to Arrows. The majority of the 2025 drill campaign remains ahead of us and the team is intensely focused on further unlocking the scale of PCE in the same cost and time efficient manner delivered with Arrow.' [ This image cannot be displayed. Please visit the source: ] Figure 1: Core photo of assays from RK-25-227, grades are shown as % U3O8 To view an enhanced version of this graphic, please visit: [ This image cannot be displayed. Please visit the source: ] Figure 2: Interpreted model of mineralization at PCE (as of this release) with newly received assay results highlighted; 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: Table 1: 2024 Assays received since May 27 news release [This table cannot be displayed. Please visit the source.] Table 2: 2025 Assay results received since May 27 news release [This table cannot be displayed. Please visit the source.] 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. Contact Information 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 7307 191933 [email protected] 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 ( ) and EDGAR ( and is available for review on NexGen Energy's website ( 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 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 and 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
Yahoo
12 hours ago
- Business
- Yahoo
Global uranium production expected to grow modestly in 2025, due to temporary mine disruptions
After an estimated 12.4% rise in 2024, global uranium production is projected to grow by 2.6% to 62.2 kilotonnes in 2025. Growing global concerns about climate change and the need for low-carbon energy sources, including for power-hungry data centres, have led to renewed interest in nuclear power. However, despite this positive outlook, production growth in 2025 is expected to be moderate due to temporary disruptions at major mines such as Kazakhstan's Inkai deposit. On 1 January 2025, operating activities at the Inkai mine were suspended due to Inkai LLP's failure to secure the requisite approvals from the relevant authorities. This lack of essential permits compelled the company to halt production. Theproduction suspension was subsequently resolved later that month when the necessary paperwork was finalised. However, leading data and analytics company GlobalData anticipates this temporary disruption to result in a 2.5% decline in the country's uranium output in 2025. In Canada, uranium production has been significantly supported by the restart of major mines, including McArthur River. Previously shut down due to low prices and difficult market conditions, these mines have resumed operations and contributed to Canada's position as the second-largest uranium producer, with a 23.4% share of global output in 2024. Meanwhile, Namibia's uranium sector is poised for substantial growth following a period of subdued production. In 2024, production reached 7.1 kilotonnes, driven by the restart of the Langer Heinrich mine. Looking ahead, a 17.5% year-over-year increase is expected in 2025, mainly due to the ramp-up at Langer Heinrich and stable output from Husab and Rossing. Looking ahead, over the forecast period, global uranium production is expected to grow at an 8% compound annual growth rate (CAGR), reaching 91.6 kilotonnes by 2030. Several uranium projects are under development or expansion, particularly in key production regions such as Kazakhstan, Canada, and Australia, positioning the industry for long-term growth as demand for nuclear energy continuesto rise. "Global uranium production expected to grow modestly in 2025, due to temporary mine disruptions" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
a day ago
- Business
- Yahoo
ScanTech AI Secures Letter of Intent from Visiontec Systems for Multiple SENTINEL™ Systems
The LOI reflects continued demand for ScanTech AI's advanced screening technology and marks a key step toward 2025 revenue growth and broader market adoption Atlanta, GA, July 28, 2025 (GLOBE NEWSWIRE) -- ScanTech AI Systems Inc. (the "Company" or "ScanTech AI") (Nasdaq: STAI), a leading innovator in advanced security screening technologies, today announced that it has entered into a non-binding Letter of Intent ('LOI') with Visiontec Systems Ltd. ('Visiontec') for the planned purchase of additional SENTINEL Fixed Gantry CT inspection systems. The systems are intended for deployment at one of the world's largest nuclear power facilities. The Company believes that this LOI represents a strategic expansion of ScanTech AI's presence in the energy and infrastructure sectors, building on the Company's initial $3.5 million engagement with Visiontec. The Company estimates the value of the planned system deployments to exceed $1 million, based on the LOI and historical purchasing trends with Visiontec and demand patterns within the nuclear energy sector. 'We believe that this follow-on commitment from Visiontec reflects accelerating market adoption of our SENTINEL platform and the value it brings to protecting mission-critical assets,' said Dolan Falconer, CEO of ScanTech AI. 'We are honored to support Visiontec in working to deliver enhanced safety, regulatory compliance, and operational continuity at one of North America's most vital nuclear sites. We view this collaboration as an encouraging step toward achieving our 2025 growth objectives and advancing our energy sector initiatives.' About ScanTech AI ScanTech AI Systems Inc. (Nasdaq: STAI) has developed one of the world's most advanced non-intrusive 'fixed-gantry' CT screening technologies. Utilizing proprietary artificial intelligence and machine learning capabilities, ScanTech AI's state-of-the-art scanners accurately and quickly detect hazardous materials and contraband. Engineered to automatically locate, discriminate, and identify threat materials and items of interest, ScanTech AI's solutions are designed for use in airports, seaports, borders, embassies, corporate headquarters, government and commercial buildings, factories, processing plants, and other facilities where security is a priority. For more information, visit and Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended (the 'Securities Act'), and Section 21E of the U.S. Securities Exchange Act of 1934, as amended ('Exchange Act'), including statements regarding ScanTech AI's management team's expectations, hopes, beliefs, intentions, plans, prospects or strategies regarding the future, including any sales pursuant to the LOI (and the timing and amount of any such sales) or any subsequent definitive agreement memorializing the terms of the LOI, revenue growth and financial performance, product expansion and sales, and future services. The LOI is not binding and there can be no assurance that the LOI will lead to any definitive agreement or any future orders of ScanTech AI's products. Any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements. Additionally, any statements that refer to projections, forecasts, or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words 'may,' 'will,' 'could,' 'would,' 'should,' 'expect,' 'intend,' 'plan,' 'anticipate,' 'believe,' 'estimate,' 'predict,' 'project,' 'potential,' 'continue,' 'ongoing,' 'target,' 'seek' or the negative or plural of these words, or other similar expressions that are predictions or indicate future events or prospects, may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements contained in this press release are based on the current expectations and beliefs made by the management of ScanTech AI, in light of their respective experience and their perception of historical trends, current conditions and expected future developments and their potential effect on ScanTech AI, as well as other factors they believe are appropriate under the circumstances. There can be no assurance that future developments affecting ScanTech AI will be those that it has anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond the control of the parties) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements, including product and service acceptance, regulatory oversights, research and development success, and that ScanTech AI will have sufficient capital to operate as anticipated. Should one or more of these risks of uncertainties materialize, or should any of the assumptions of ScanTech AI prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. Additional factors that could cause actual results to differ are discussed under the heading 'Risk Factors' and in other sections of the filings of ScanTech AI (and its predecessor, Mars Acquisition Corp.) with the U.S. Securities and Exchange Commission (the 'SEC'), and in the current and periodic reports filed or furnished by ScanTech AI (and its predecessor, Mars Acquisition Corp.) from time to time with the SEC. All forward-looking statements in this press release are made as of the date hereof, based on the information available to ScanTech AI as of the date hereof, and ScanTech AI assumes no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as may otherwise be required under applicable securities laws. ContactScanTech AI Systems White, CFOjwhite@ Investor & Media Relations Contact:International Elite Capital Inc. Annabelle Zhang +1(646) 866-7928 annabelle@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Nuclear power is the future Britain rejected. Now it's time for us to think again
Britain was once poised to be the world leader in clean energy. We split the atom, pioneered the first commercial nuclear power station, and by 1988 had built 18 reactors, the third highest number in the world. By the mid-1990s, we were producing enough energy to supply a quarter of the country's electricity. But then, even as climate change was mov ing from being a contested idea to an accepted one, progress stalled. We stopped building entirely. Now we get just 14% of electricity from this source, and five of our six remaining plants are due for retirement at the end of the decade. Last week Ed Miliband optimistically announced the dawn of a new 'golden age' of nuclear power. His hopes rest on a single Suffolk megaplant, Sizewell C – already delayed and now to be around 12 years in the making, if finished on time. And that looks far from guaranteed. After 10 years of planning, and nine of building, Hinkley Point C, in Somerset, pictured above, missed its deadline for completion this year. It has now been pushed back to 2031, with such an expanded budget that it is to be the most costly power plant in history. How did we lose our advantage? Of all the possible ways to gather clean energy, nuclear power seems the most likely to allow us to dispense with fossil fuels completely. Wind and solar power can be unreliable – especially on a cloudy island with such variable weather – and backup systems can't always compensate, as hydroelectricity stores and batteries run down in a few hours. In fact, wind farms must actually shut down when gusts are too strong. Meanwhile, a single nuclear power station creates enough energy to provide power for 2 million average Europeans. Over time, it is also the lowest-price way to garner low-carbon energy, and it has the lightest ecological burden. Steep initial costs are talked about as the central challenge to building more power stations – and that is the block against which political will has tended to founder. Long and risky construction processes mean that the price starts high and can rise astronomically if things go wrong. But British projects are also among the most expensive in the world. Only America does worse. The UK has more stringent safety rules than many other countries – and in some, such as China, construction workers earn less than their British counterparts. High-paying Finland and France build more cheaply, as does South Korea, where costs are roughly a quarter of what they are in Britain. Instead Britain may be missing the secret to success, which – according to the thinktank Britain Remade – is repetition. South Korea builds fleets of plants for every design, relying on economies of scale and learning from practice. This provides workers with standard protocol and a steady pipeline of projects. France bulked up its supply in the 1970s with a similar approach, building 56 reactors with an average construction time of six years each. But Britain seems to have forgotten how to build nuclear power stations. Each project must start again from scratch. That is the direct result of a full 20-year hiatus. Britain's underlying problem with nuclear has not in fact been technical, but psychological. The trigger was two high-profile disasters, both of which sharply halted nuclear progress all around the world: Chernobyl in 1986 and Fukushima in 2011. The first was the result of a human mistake – operators disabled safety systems during a test – combined with a flawed reactor design; the second was caused by an earthquake and tsunami. The horrific results were splashed across newspapers, and reporting continued for years. But in some countries the effect has lingered longer than in others. People fear nuclear for much the same reason they worry about shark attacks In the UK, according to a recent study, public fears were further stoked after Chernobyl by an unusual alliance of environmental activists and fossil-fuel interest groups. The Thatcher government was in the midst of a fight with the miners' unions when Chernobyl melted down. The disaster became part of that battle. Analysis shows that MPs sponsored by miners' unions were much more likely to speak out against nuclear energy; newspapers with ties to fossil fuel published more anti-nuclear articles. Britain's sluggishness can also be explained partly by the political makeup of its green groups, which might have formed the vanguard of those pushing for this clean energy solution. But an ideological split emerged, dominated by those who preferred to campaign for reduced energy consumption rather than technological solutions. Environmentalists had turned against nuclear power in the early 1960s – psychologists have tracked its association among these groups with the nuclear bomb. With few green champions for nuclear, Britain turned back to fossil fuels. As a result, there has been an enduring idea in Britain that nuclear is 'very unsafe' – similar to Germany, which has all but shut down its nuclear capacity since Fukushima. This compares with 15% of Danish and 11% of Swedes. But this does not reflect reality. Hugely improved safety methods mean the likelihood of another disaster is extremely minimal. Calculations of deaths per terawatt-hour generated put nuclear power, at 0.03, on a par with wind turbines, which is at 0.04, (mostly from accidents, such as drowning in the process of setting them up). For coal, this rises to 24.6, owing to pollution. In fact living near a coal power station exposes people to more radiation than living near a nuclear one – but both are low, at around 0.01mSv (millisieverts, a measurement of radiation) a year. For comparison, those living in Cornwall receive about 6.9mSv a year Risks are tough to calculate correctly. We tend to overestimate the danger of the dramatic and unfamiliar. People fear nuclear power over coal power for much the same reason they worry more about shark attacks than traffic accidents. But fossil fuels are much more dangerous, by any standard. One back-of-the-envelope calculation from a recent report finds that the swap in nuclear power stations for fossil fuels after Chernobyl has resulted in the loss of '318 million life years' since 1986. Yet support for nuclear power is rising across the world, including in Britain. Why? Well, perhaps the most efficient way to shift perception of one threat is for another, larger one to come along . France's success can be explained by the oil crisis in 1973: the country was almost completely reliant on foreign oil; that problem ate the nuclear one. Now we are going through a similar moment of our own. Academics have used the term 'reluctant acceptance' to explain the shift in support as climate risks ramp up. But the real change may have come since the energy threats posted by the war in Ukraine. Campaigners should remember that their greatest advances are made not in the field of science, but in politics. Photograph by Adrian Dennis/AFP
Yahoo
3 days ago
- Business
- Yahoo
GE Vernova Inc. (GEV) Is The Only One With The Power, Says Jim Cramer
We recently published . GE Vernova Inc. (NYSE:GEV) is one of the stocks Jim Cramer recently discussed. GE Vernova Inc. (NYSE:GEV) is a power generation products provider that has primarily been in the news recently due to its exposure to nuclear power and the resulting catalysts from the AI data center build out. The firm's shares have gained 86% year-to-date and jumped by a strong 14.6% in July. GE Vernova Inc. (NYSE:GEV)'s shares gained after it raised annual forecasts during its second quarter earnings. Cramer's been a long-time fan of the stock, and he shared why: 'Well I'm so glad you brought it up because I've got to tell you I spoke to Scott Strazik this morning from GE Vernova. Look, you may have trouble getting GPUs, from Jensen, try to get the power, from GE Vernova, which is the only one who really has any. I mean, David, the backlog. Look he's talking every day to Amazon, he talks to, well actually to every hyperscaler, but ones that are top of mind is Microsoft. David, there's just not enough power. There's not enough power. Previously, the CNBC TV host commented on GE Vernova Inc. (NYSE:GEV)'s earnings report before it was released: 'No, I think at this point, we're going to wait for GE Vernova to come in. We had a great club meeting on Friday, and I really just kind of hang my head in shame that I didn't even buy more, but there's nothing to do. This thing is such a horse. It's just been a parabolic move, up 70%. We're going to get a report… next week. Maybe what we say is, let's hear what they have to say.' While we acknowledge the potential of GEV as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
