Nexgen Energy Ltd T.NXE

Alternate Symbol(s): NXE

Energy

NexGen Energy Ltd. is a Canada-based company focused on delivering clean energy fuel for the future. The Company is an exploration and development stage Company, which is engaged in the acquisition, exploration and evaluation and development of uranium properties in Canada. It has a portfolio of highly prospective projects, including the Company's 100% owned Rook I property that is host to the Harpoon, Bow, South Arrow, Arrow Deposit, and the Cannon area. The Rook I property is a development-stage uranium project in Canada, which is located in the uranium rich district of the southwestern area of the Athabasca Basin, located in the premier mining jurisdiction of Saskatchewan. The Rook I project hosts the Harpoon Discovery located approximately 4.7 kilometers (km) northeast of the Arrow Deposit. The Bow Discovery is located approximately 3.7 km northeast along the Patterson Lake Conductor corridor. The South Arrow Discovery is located 400 meters (m) South of the Arrow Deposit.

TSX:NXE - Post by User

Nexgen Energy Ltd

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Comment by teeveeon Mar 07, 2018 9:57am

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Post# 27674709

RE:RE:New Hire

The new hire indicates to me that that NXE's largest shareholders, CEF and CKH, prefer to take Arrow to production and are after all, primarily in the business of financing mine development. Needless to say, by playing the long game, CEF and CKH stand to make a lot more money as project financiers and equity owners than if a take over offer came in soon after the PFS and updated resource statement. It is obvious that NXE is being groomed more for production, than a takeover. Furthermore, a hostile takeover is not possible as control of the company is not "on the street".

There is a huge looming market opportunity for NXE. Cameco has stated they need a minimum of $75/lb to justify developing the next phase of Cigar, which needs to be started now in order to meet any contracts on future deliveries post 2027. At a production rate of 40-50 million lbs/year, NXE can fill the gap by CCO's reduced presence in the market, and do so below $75/lb and still be "p*ssing through silk".

Malcolm2001 wrote: Mr.Hatley is a heavy hitter. A great acquisition for NXE.
This is the guy they need to build the Arrow mine. NXE will be in the catbird seat when the price of Uranium goes bananas. With an asset like they have at Arrow and the great team they are putting together I doubt if a buy out is on the cards. I think they fully intend to take this all the way to production and compete with CCO in this space.
Malcolm

teevee wrote:
https://www.marketwatch.com/story/nexgen-appoints-james-hatley-peng-as-senior-vice-president-2018-03-06-6202300 VANCOUVER, Mar 6, 2018 (Canada NewsWire via COMTEX) -- NexGen Appoints James Hatley, P.Eng. as Senior Vice President NexGen Energy Ltd. ("NexGen" or the "Company") (NXE)(nyse mkt:NXE) is pleased to announce the appointment of James Hatley as Senior Vice President, Project Development effective March 5, 2018. Leigh Curyer, Chief Executive Officer, commented: "On behalf of the Board and Executive, I would like to welcome Mr. Hatley to the NexGen team and look forward to his expert input into the execution of the Arrow Development programs as we rapidly advance Arrow towards production." James Hatley, P.Eng James Hatley was most recently a consultant, upsteam continuous excellence for Saudi Aramco. Prior to joining Saudi Aramco, Mr. Hatley spent 13 years at Cameco Corporation where he began as a Senior Geotechnical Engineer at Cigar Lake, proceeding to Chief Mine Engineer of McArthur River Operations, Superintendent Resource Development at McArthur River, Director, McArthur River Expansion program as well as working on various Life of Asset plans, strategic relationships with customers and regulatory engagement efforts. Mr Hatley joins NexGen as Senior Vice President, Project Development with over 25 years in the metals and mining sector starting with Placer Dome Inc., then to Respec Inc. before moving to Cameco in 2003. Mr. Hatley is a Professional Engineer (P.Eng.), Project Management Professional (PMP) and holds a Masters of Business Administation from Athabasca University. Mr. Hatley was a Board Member of the Saskatchewan Mining Association for three terms and received a CIM Fellowship for "20 Years of Technical Leadership".