NexGen Announces Voting Results from its 2024 Annual Meeting of Shareholders

Rhea-AI Summary

On June 17, 2024, NexGen Energy announced the results of its annual general meeting. Approximately 68.67% of the company's outstanding shares were voted. Shareholders approved all proposed matters, including the reappointment of KPMG LLP as auditors (99.63% in favor) and setting the number of directors at ten (94.03% in favor). Directors elected included Leigh Curyer, Christopher McFadden, Richard Patricio, Trevor Thiele, Warren Gilman, Sybil Veenman, Karri Howlett, Brad Wall, Ivan Mullany, and Susannah Pierce.

Positive

• Reappointment of KPMG LLP as auditors received overwhelming support with 99.63% approval.
• The number of directors set at ten was approved with 94.03% of votes.
• High voter turnout with 68.67% of outstanding shares represented.
• All directors received a majority of votes in favor, ensuring continuity and stability in leadership.

Negative

• Notably, some directors had a significant number of votes withheld. For instance, Richard Patricio had nearly an equal split with 50.65% votes withheld.
• Certain directors faced higher opposition, indicating possible shareholder concerns or dissatisfaction.

VANCOUVER, BC, June 17, 2024 /PRNewswire/ - NexGen Energy Ltd. ("NexGen" or the "Company") (TSX: NXE) (NYSE: NXE) (ASX: NXG) is pleased to announce the voting results from its Annual General Meeting of Shareholders ("Meeting") held on June 17, 2024.

Shareholders voted in favour of all matters of business before the Meeting. Each of those matters is set out in detail in the Management Information Circular published in connection with the Meeting, which is available at www.nexgenenergy.ca.

A total of 370,731,794 common shares, representing approximately 68.67% of the Company's outstanding common shares, were voted in person and by proxy at the Meeting. Shareholders voted in favour of (a) reappointing KPMG LLP as auditors of the Company (99.63% in favour), and (b) setting the number of directors at ten (94.03% in favour).

Shareholders also voted on the following matters at the Meeting:

Election of Directors

The following nominees listed in the Management Information Circular were elected as directors of the Company until the next annual meeting of shareholders or until their successors are elected or appointed, with the votes being cast by ballot and the results being as follows:

Nominee	Votes For	Votes Withheld
Leigh Curyer	311,108,480	14,302,472
Christopher McFadden	229,615,727	95,795,224
Richard Patricio	165,468,525	159,942,427
Trevor Thiele	260,841,830	64,569,121
Warren Gilman	254,849,933	70,561,019
Sybil Veenman	270,801,630	54,609,322
Karri Howlett	268,746,563	56,664,390
Brad Wall	276,811,208	48,599,744
Ivan Mullany	238,468,436	86,942,517
Susannah Pierce	319,871,011	5,539,940

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.

http://www.nexgenenergy.ca

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.sedar.com and Edgar at www.sec.gov .

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.

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SOURCE NexGen Energy Ltd.

FAQ

What were the results of the NexGen 2024 Annual Meeting?

Shareholders approved all proposed matters including reappointing KPMG LLP as auditors and setting the number of directors to ten.

How many shares were voted at NexGen's 2024 Annual Meeting?

Approximately 370,731,794 shares or 68.67% of the outstanding shares were voted.

Who was reappointed as the auditor at the NexGen 2024 Annual Meeting?

KPMG LLP was reappointed as the auditor with 99.63% votes in favor.

How many directors were set for NexGen after the 2024 Annual Meeting?

Shareholders set the number of directors at ten.

Which directors were elected at the NexGen 2024 Annual Meeting?

Directors elected included Leigh Curyer, Christopher McFadden, Richard Patricio, Trevor Thiele, Warren Gilman, Sybil Veenman, Karri Howlett, Brad Wall, Ivan Mullany, and Susannah Pierce.