Nexgen Energy - NXE STOCK NEWS

NexGen Energy has appointed Susannah Pierce to its Board of Directors following its 2024 Annual General Meeting on June 17. Pierce brings over 20 years of experience in fostering collaboration among businesses, governments, and communities for major capital projects. Currently the President and Country Chair of Shell Canada, she has also held significant roles at LNG Canada and served on various business councils and boards. NexGen's Chairman, Christopher McFadden, highlighted that Pierce's expertise in the energy sector and international relations will be important as NexGen moves forward with its Rook I Project, aiming to become a leading global uranium producer, potentially accounting for over 25% of global uranium production.

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.

NexGen Energy announced the discovery of additional mineralization at Patterson Corridor East (PCE). Drill hole RK-24-193 intersected mineralization over 67.5 meters, including a peak of 7500 cps over 1.5 meters. Assays from RK-24-183 confirmed high-grade uranium with intersections totaling 13.5 meters at 0.78% U3O8, including significant intervals at 10% and 6.23% U3O8. These results suggest a potential strike length of 275 meters. The summer exploration program has been expanded to 22,000 meters with four drill rigs. CEO Leigh Curyer highlighted similarities between PCE and early Arrow discoveries. The company is also advancing the Federal Environmental Assessment for the Rook I Project.

NexGen Energy (NXE) has completed the purchase of 2.7 million pounds of natural uranium concentrate (U3O8) for US$250 million. The acquisition was financed through the issuance of US$250 million in five-year, 9.0% unsecured convertible debentures, payable in cash and common shares. The company aims to leverage this uranium inventory for future production and sales, especially in light of the new U.S. law banning Russian uranium imports. NexGen is also progressing in its offtake negotiations and project financing, with final technical reviews submitted to the Canadian Nuclear Safety Commission. The project is advancing as per schedule, with detailed designs and procurement activities underway.

NexGen Energy released its 2023 Sustainability Report, highlighting key achievements and advancements in environmental, social, and governance (ESG) practices from January 1, 2023, to December 31, 2023. The report covers significant milestones such as signing a historic Impact Benefit Agreement with the Métis Nation, receiving Provincial Environmental Assessment approval for the Rook I Project, and launching innovative training and education programs. Additionally, NexGen's initiatives in promoting workforce diversity, community mentorship, economic capacity building, and environmental stewardship are detailed. The report adheres to the Global Reporting Initiative (GRI) Standards.

NexGen Energy announced on May 21, 2024, that it has submitted responses to the remaining 49 technical comments from the Canadian Nuclear Safety Commission (CNSC) as part of the Federal Environmental Assessment (EA) review for its Rook I Project. These comments are the last of the original 274 questions received in February 2024. NexGen also submitted a revised Federal Environmental Impact Statement (EIS). The company had previously received Provincial EA approval in November 2023 and has 80% of the Federal technical comments accepted. The project has full support from four local Indigenous communities, who have signed Benefit Agreements. The CNSC will now conduct a completeness check within 30 days, followed by a 60-day technical review, before setting a Federal Commission Hearing date.

NexGen Energy (TSX: NXE) (NYSE: NXE) (ASX: NXG) has successfully closed its C$224 million offering of 20,161,290 common shares, settled in the form of CHESS Depository Interests (CDIs) at C$11.11 per share. This offering, led by Aitken Mount Capital Partners in Australia, aims to enhance liquidity, trading volumes, and market capitalization of NexGen's CDIs listed on the ASX. The net proceeds will be utilized for the continued development and exploration of NexGen's mineral properties, as well as for general corporate purposes. The CDIs and underlying shares are not registered under the U.S. Securities Act of 1933 and cannot be sold in the U.S. without appropriate registration or exemption.

NexGen Energy is hosting a conference call to provide updates on its Rook I Project, including Federal permitting, project development, exploration, financing, and market dynamics. Key executives will discuss key aspects of the project on May 14, 2024.

NexGen Energy announces the filing of a Management Information Circular for its Annual General Meeting on June 17, 2024. Shareholders are urged to vote on matters such as director appointments and the reappointment of KPMG LLP as auditor. Meeting access details are provided for both webcast and conference call participation.