5 Feb 2025other● Neutral
Monthly statement of CDIs on issue for January 2025: ASX CDIs fell to 93,741,431 from 97,105,688 through transfers to common shares. Administrative only.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
31 Jan 2025drilling scheduled▲ GoodMajor
NexGen began a 43,000m drill program at Patterson Corridor East, 9,000m larger than 2024's. It follows the 2024 discovery, where 19 of 30 holes hit mineralisation. 2024 assays are now due in Q1 2025; the company cites over $800M cash and liquid assets.
7 Jan 2025other● Neutral
Monthly statement of CDIs on issue for December 2024: ASX CDIs fell to 97,105,688 from 100,968,973 through transfers to TSX/NYSE shares. Administrative only.
5 Dec 2024contract award▲ GoodMajor
NexGen won its first uranium sales agreements, 5 million pounds with major US utilities, delivering 1M lbs a year from 2029 to 2033 at market-related prices at delivery. Remaining uncommitted Probable Reserves are 231.66M lbs U3O8. Talks continue with other utilities.
5 Dec 2024other● Neutral
Monthly statement of CDIs on issue for November 2024: ASX CDIs fell to 100,968,973 from 102,422,550 through transfers to TSX/NYSE shares. Administrative only.
20 Nov 2024regulatory community update▲ GoodMajor
The Canadian nuclear regulator (CNSC) confirmed NexGen has answered all federal technical review requests on Rook I. This clears the way to schedule a Commission hearing and approval decision, the final major approval after provincial approval in November 2023.
13 Nov 2024drilling result▲ GoodMajor
The 2024 Patterson Corridor East program ended after 46 holes and over 34,000m, with 19 of 30 holes hitting mineralisation across 600m strike and 600m depth. RK-24-222 is the best hole, a 17.0m vein with off-scale readings. Assays due Q4 2024 and Q1 2025; drilling resumes January 2025.
8 Nov 2024other● Neutral
CFO Benjamin Salter's standard certification of the September 2024 interim accounts and discussion report. Administrative only, no new information.
8 Nov 2024half year report● Neutral
Interim accounts to 30 September 2024: cash C$537.8M (C$290.7M at December), strategic uranium inventory C$341.2M, convertible debentures C$429.9M, equity C$1.21B. Q3 net income was C$10.3M versus a nine-month loss of C$63.2M.
8 Nov 2024other● Neutral
CEO Leigh Curyer's standard certification of the September 2024 interim accounts and discussion report. Administrative only, no new information.
4 Nov 2024other● Neutral
Monthly statement of CDIs on issue for October 2024: ASX CDIs rose to 102,422,550 from 88,717,488, mainly through transfers between CDIs and TSX/NYSE shares. Administrative only.
1 Nov 2024investor presentation● Neutral
Notice of a Q3 2024 conference call on 12 November covering approvals, project development, Patterson Corridor East, marketing negotiations and financing. Q3 accounts to be filed 8 November. Notice only, no new results.
3 Oct 2024other● Neutral
Monthly statement of CDIs on issue for September 2024: ASX CDIs rose to 88,717,488 from 86,939,740, mainly through transfers. Administrative only.
4 Sept 2024other● Neutral
Monthly statement of CDIs on issue for August 2024: ASX CDIs rose to 86,939,740 from 80,008,941 through transfers between CDIs and TSX/NYSE shares. Administrative only.
9 Aug 2024drilling result▲ GoodMajor
Patterson Corridor East has grown from two mineralised holes 275m apart to 8 of 12 summer holes hitting mineralisation, over 540m of strike and 600m vertical. RK-24-207 is the best hole yet, with uraninite and 1.5m above 10,000 cps. Assays due Q4 2024; 10,045.5m of 22,000m drilled.
8 Aug 2024other● Neutral
CEO Leigh Curyer's standard certification of the June 2024 interim accounts and discussion report. Administrative only, no new information.
8 Aug 2024other● Neutral
CFO Benjamin Salter's standard certification of the June 2024 interim accounts and discussion report. Administrative only, no new information.
8 Aug 2024half year report● Neutral
Interim accounts to 30 June 2024: cash C$572.4M (C$290.7M at December), strategic uranium inventory C$341.2M, convertible debentures C$464.7M (current), equity C$1.19B. Q2 net income was C$13.2M versus a six-month loss of C$21.4M.
8 Aug 2024other● Neutral
Management's discussion of the June 2024 quarter, accompanying the interim accounts already summarised (cash C$572.4M, debentures C$464.7M). Text provided is only the contents page and introduction, so no new figures are confirmed here.
5 Aug 2024other● Neutral
Monthly statement of CDIs on issue for July 2024: ASX CDIs rose to 80,008,941 from 76,591,334 through share transfers. Administrative only.
5 Aug 2024investor presentation● Neutral
Notice of a Q2 2024 conference call on 8 August covering federal permitting, procurement, updated economics, Patterson Corridor East exploration and treasury. Q2 financials to be filed 7 August. Notice only, no new results.
2 Aug 2024resource reserve update● NeutralMajor
Updated Rook I costs: pre-production capital C$2.2B (US$1.58B), operating cost C$13.86/lb, and production capability up to 30M lbs a year. At US$95/lb, after-tax NPV is C$6.3B and average annual cash flow C$1.93B versus C$2.01B in the 2021 study. No change to resources or reserves.
4 July 2024other● Neutral
Monthly statement of CDIs on issue for June 2024: ASX CDIs edged up to 76,591,334 from 76,469,612 through share transfers. Administrative only.
25 June 2024regulatory community update▲ Good
The CNSC finished its 30-day completeness check on 21 June of the May responses and revised federal EIS. The 60-day technical review has begun; once resolved the EIS can be deemed final and a Commission hearing date set. Progress, not approval.
19 June 2024director officer appointment▲ Good
Susannah Pierce joined the board after the 17 June AGM, where she was elected with 98.30% support. She is President and Country Chair of Shell Canada; the Chair says her experience suits the final federal approvals and construction.
5 June 2024other● Neutral
Monthly statement of CDIs on issue for May 2024: ASX CDIs rose to 76,469,612 from 70,637,406, mainly from transfers between CDIs and TSX/NYSE shares. Administrative only.
30 May 2024drilling result▲ GoodMajor
New hole RK-24-193 hit mineralisation over 67.5m, 275m southwest of discovery hole RK-24-183; assays confirm 13.5m at 0.78% U3O8 in RK-24-183, including 0.5m at 10%. Summer drilling expanded to four rigs and 22,000m at Patterson Corridor East, 3.5km from Arrow.
29 May 2024debt financing● Neutral
Trust indenture dated 28 May 2024 with Computershare Trust Company of Canada governing the 9.0% unsecured convertible debentures issued for the uranium purchase. Legal documentation of the closed deal; only the contents page is readable, so no new terms can be stated.
29 May 2024asset acquisition disposition● Neutral
Canadian material change report on the closed MMCap deal: 2,702,410 lbs of uranium bought for US$250M of 9.0% five-year convertible debentures (conversion US$10.73, about 23M shares), plus 909,090 fee shares. Repeats the 28 May closing; adds an Australian cleansing notice.
29 May 2024asset acquisition disposition▲ GoodMajor
Closed the purchase of 2,702,410 lbs of uranium for US$250M, paid with 9.0% five-year convertible debentures, ahead of the 28 June deadline. Investor rights agreements apply. The CEO links it to offtake talks and project financing, which he says are progressing.