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Nexgen Energy Ltd T.NXE

Alternate Symbol(s):  NXE

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

Post by retiredcfon Oct 23, 2024 9:12am
173 Views
Post# 36278203

RBC Notes

RBC Notes

October 22, 2024

RBC Uranium Watch
Uranium equities rally on strong nuclear sentiment

Our view: Uranium equities were up sharply over the past week on improving sentiment from the underlying nuclear complex. Investors were upbeat on nuclear following news that Amazon signed several agreements to support funding and development of the X-energy Xe-100 SMR, and an agreement with US utility Dominion to explore SMR deployment in Virginia. Separately, Google and Kairos Power announced a partnership to develop and deploy the Kairos Power Fluoride Salt-cooled High-temperature reactor. While these projects, including the Microsoft/Constellation partnership to re-start Three Mile Island 1 are relatively modest compared to the global nuclear/uranium market and longer dated, we think they add to increasing momentum behind growth in nuclear energy and potential for new nuclear builds in the US which we would view as positive long-term drivers for the sector. However, near-term spot market activity remains relatively muted, with most activity tied to financial buying, which we believe is partly due to solid inventory and contract coverage for utilities in the near- to-medium term.



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