NexGen Energy Ltd. - NXE STOCK NEWS

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.

NexGen Energy announced the strategic purchase of 2.7 million pounds of uranium through a US$250 million convertible debenture with MMCap International Inc. The purchase will help the company in marketing discussions and financing for the Rook I Project. NexGen will have over C$930 million in cash and uranium after this transaction. The debentures will carry a 9.0% coupon over a 5-year term and will be convertible into common shares. The deal includes investor rights provisions and specific terms for interest payments, conversion, and redemption of the debentures.

NexGen Energy announces a C$180 million CDI offering in Australia, issuing 16,129,032 common shares at C$11.11 per share. The offering aims to enhance liquidity, trading volumes, and market capitalization. The net proceeds will fund mineral property development and corporate purposes. The closing is expected around May 15, 2024. Concurrently, the ATM program's aggregate value is reduced to C$315 million, with C$134,948,304 in prior sales. The company plans to use the proceeds for mineral property development and general corporate purposes until January 8, 2026.

NexGen Energy Ltd. announces the discovery of intense uranium mineralization on its SW2 Property, showcasing high potential for new Arrow-type zones. The new mineralized occurrence in RK-24-183 has peaks up to >61,000 cps. Follow-up drilling reveals anomalous features similar to early Arrow discovery holes, indicating significant potential for mineralization extension. The setting resembles Arrow's structural controls, with semi-massive uranium mineralization tied to brittle-ductile reactivation of shear zones.