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.

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Nexgen Energy Ltd > Dreaminthedream Post on Sprott

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Comment by Kangaroo123on Sep 03, 2021 12:47am

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Post# 33808051

RE:Dreaminthedream Post on Sprott

It is not just Sprott that is squeezing this market. Supply is drying up but demand isn't. Three big suppliers are using spot to shore up inventory. Kazatomprom, Cameco and Orano are all buying to bolster dwindling inventory. Those are big players with deep pockets. The folks being squeezed out are the utilities. If they cannot (or will not) buy on the spot market they have to contract....and those contracts will not be for $37/lb. The days of cheap Uranium are over.

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