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Nexgen Energy Ltd T.NXE

Alternate Symbol(s):  NXE

Energy
NexGen Energy Ltd. is a Canadian company focused on delivering clean energy fuel for the future. It is engaged in the acquisition, exploration and evaluation and development of uranium properties in Canada. It is focused on optimally developing the Rook I Project. It has a portfolio of highly prospective projects, including its 100% owned Rook I property that is host to the high-grade Arrow Deposit, South Arrow, Harpoon, Bow, and the Cannon area. The Rook I Project is a development-stage uranium project in Canada. The new underground mine and mill development is located in the uranium-rich district of the southwestern area of the Athabasca Basin, located in Saskatchewan. Arrow is a 100% land-based, basement-hosted, and high-grade uranium discovery. The Rook I Project, host of the Arrow Deposit, which is a development-stage uranium project in Canada and is 100% owned by NexGen Energy Ltd. The Rook I property hosts the Harpoon Discovery located 4.7 km northeast of the Arrow Deposit.


TSX:NXE - Post by User

Nexgen Energy Ltd > Nothing to do with a "possible" leak at a Chinese plant
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Post by KozmoTon Jun 14, 2021 1:59pm
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Post# 33382467

Nothing to do with a "possible" leak at a Chinese plant

Nothing to do with a "possible" leak at a Chinese plantIts to do with spot price of uranium not being where it should...

"Shares of uranium miners Energy Fuels (NYSEMKT: UUUU), Cameco (NYSE: CCJ), and NexGen Energy (NYSEMKT: NXE) stocks all dropped in afternoon trading Monday, falling 7.5%, 8.7%, and 9.2%, respectively, through 12:30 p.m. EDT. Since its most recent bottom in late April, the spot price on uranium has run up 12.5% to $30.26 per pound today -- and you'd think that investors in miners Energy Fuels, Cameco, and NexGen would take that as good news, but here's the thing: Today's uranium price is roughly equal to what the atomic power raw material cost 11 months ago, in July 2020. As MiningReview.com points out today, you need to see spot uranium prices around $60 per pound to "incentivize" producers to mine more uranium."

https://ca.finance.yahoo.com/m/b20b7c24-31f2-311d-8cda-d1521da3a9ff/why-uranium-energy%2C-cameco.html?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article&yptr=yahoo
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