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

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Post by retiredcfon Nov 20, 2024 9:03am

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Post# 36321368

RBC Notes

November 19, 2024

RBC Uranium Watch
Uranium complex rallies on Russia limiting exports to the US

Our view: Uranium equities and the spot price rallied this past week on news of Russia temporarily banning enriched uranium exports to the US (details here). Russia accounts for ~40% of global enrichment, ~15-20% of imports to the US and ~25% in Europe. EUP shipments from Russia must now receive a license in Russia as well as a waiver from the US DOE to approve the transfer. Supply bifurcation was further highlighted with Niger's military junta inviting Russia to invest in its uranium mining sector. Centrus confirmed in an 8-K filed Monday that the Russian government has rescinded the export license of Russian uranium supplier Tenex through December 31, 2025, requiring Tenex to obtain export licenses to meet scheduled deliveries. On US domestic nuclear policy, President-elect Trump reportedly selected Chris Wright, CEO of Liberty Energy, to head up the US DOE. Wright has previously supported expanding nuclear energy in the US and serves on the Board of Directors for Oklo (advanced SMR developer).