Past year: ▼ 10%(12.90 – 18.68 AUD)
Each one in plain English, with the numbers worked through for a shareholder.
23 May 2024annual report● Neutral
Released its 2023 Sustainability Report, the fourth year of reporting. It recaps known items such as the Métis benefit agreement and provincial approval, and notes the nomination of Susannah Pierce would give 30% female board representation. No new financial or project results.
22 May 2024regulatory community update▲ GoodMajor
NexGen sent the CNSC responses to the last 49 of 274 technical comments on the federal environmental assessment, plus a revised federal EIS. CNSC has 30 days for a completeness check, then 60 days of review, before a hearing date is set. Progress toward federal approval, not approval itself.
15 May 2024capital raising announcement▲ GoodMajor
The Australian CDI placement closed: 20,161,290 shares at C$11.11 (about C$224M), as announced. Proceeds fund development, exploration and general purposes. This completes the raising flagged earlier and adds new shares to the register.
What it means for a shareholder
20.2m new shares at C$11.11 to raise about C$224m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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10 May 2024investor presentation● Neutral
Announces a Q1 2024 conference call on 14 May 2024 covering federal permitting, project development, the new exploration discovery, financing and marketing. The Q1 accounts were already filed. Notice only, with no new results.
9 May 2024other● Neutral
KPMG consent letter, dated 7 May 2024, allowing its audit report on the 2023 accounts to be used in the prospectus supplement for the 20,161,290-share offering. Administrative only.
9 May 2024other● Neutral
CFO Benjamin Salter's standard certification of the March 2024 interim filings, dated 8 May 2024. A compliance form with no new business or financial information.
9 May 2024debt financing▲ GoodMajor
NexGen agreed to buy 2,702,410 lbs of uranium for US$250M, paid by issuing 9.0% five-year convertible debentures convertible at US$10.73 (about 23M shares, ~4.3%). With the placement, it expects ~C$600M cash plus the uranium. Closing is due by 28 June 2024.
9 May 2024other● Neutral
Canadian material change report restating the 8 May uranium purchase from MMCap: 2,702,410 lbs for US$250M paid with 9.0% convertible debentures at US$10.73, plus 909,090 shares as a fee. Closing by 28 June 2024. Repeats ref 5.
9 May 2024other● Neutral
CEO Leigh Curyer's standard certification of the March 2024 interim filings, dated 8 May 2024. A compliance form with no new business or financial information.
9 May 2024capital raising announcement● Neutral
Canadian prospectus supplement dated 7 May 2024 qualifying the placement shares: 20,161,290 at C$11.11, about C$224M, settled via ASX CDIs. Legal documentation for the already-announced raising; no new terms in the readable text.
3 May 2024other● Neutral
April 2024 monthly CDI statement: CDIs on ASX rose to 50,476,116 from 49,858,267 through transfers from TSX/NYSE shares. Common shares not in CDIs fell to 489,370,203; options 49,965,807. Administrative only.
3 May 2024material agreement● Neutral
Two amendments to the Virtu ATM agreement: the cap was cut from C$500M to C$315M on 29 April, then to C$275,925,000 on 30 April. This formalises the already-announced reduction made to fit the placement.
3 May 2024other● Neutral
Canadian material change report restating the 30 April placement: 20,161,290 shares at C$11.11 (about C$224M), closing around 15 May 2024. ATM cut to C$275.925M, leaving C$140,976,696. Repeats known facts; the lead manager can terminate on market, disaster or regulatory events.
1 May 2024capital raising announcement▲ Good
Australian placement firmed up at A$250M: 20,161,290 new CDIs at A$12.40, a 4.83% discount to the A$13.03 last price. Not underwritten; conditional on TSX and NYSE approvals, settlement expected by 15 May 2024. The ATM program is reduced to leave about C$140M.
What it means for a shareholder
20.2m new shares at A$12.40 to raise about A$250m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Create a free account to see this worked out for your own holding.
1 May 2024capital raising announcement● NeutralMajor
The Australian placement is upsized to 20,161,290 shares at C$11.11 for about C$224M, replacing the C$180M version. The ATM program is cut to C$275.925M, leaving C$140.98M available after prior sales. Closing expected around 15 May 2024.
What it means for a shareholder
20.2m new shares at C$11.11 to raise about C$224m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Create a free account to see this worked out for your own holding.
1 May 2024capital raising announcement● NeutralMajor
NexGen agreed an Australian placement of 16,129,032 shares at C$11.11 for about C$180M, settled as new ASX CDIs, with Aitken Mount as lead manager. The ATM program is cut from C$500M to C$315M to make room. Closing is expected around 15 May 2024.
What it means for a shareholder
16.1m new shares at C$11.11 to raise about C$180m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Create a free account to see this worked out for your own holding.
30 Apr 2024other● Neutral
NexGen withdrew the cleansing prospectus dated 12 December 2023 and brought forward its expiry. No applications were received and no securities were issued under it. Administrative.
4 Apr 2024other● Neutral
March 2024 monthly securities statement: ASX-quoted CDIs rose to 49,858,267 from 48,772,752 via transfers. Common shares not in CDIs fell to 489,904,722; options 50,069,137. Administrative.
12 Mar 2024drilling result▲ GoodMajor
NexGen found new intense uranium mineralisation on its 100% owned SW2 property, 3.5km east of the Arrow deposit. Hole RK-24-183 hit 19.8m of mineralisation (347.7–367.5m) with peaks over 61,000 cps. It follows the 2024 drill program started in February; drilling is now focused on this area.
8 Mar 2024other● Neutral
Refresh supplementary prospectus dated 8 March 2024 restarts the quotation timing for the technical cleansing offer of one CDI tied to the C$500M ATM program. It is a legal formality; no new money is raised.
7 Mar 2024other● Neutral
Ontario Securities Commission participation fee form signed by CFO Salter, with a fee of C$59,350 on capitalisation of about C$3.84 billion. Administrative only; no operational news.
7 Mar 2024annual report● Neutral
Annual Information Form for the year to 31 December 2023, dated 6 March 2024, covering the business, the Rook I project, risks, capital structure and directors. Only the contents page and introduction are readable, so no new figures can be stated.
7 Mar 2024annual report● Neutral
Management's discussion and analysis for 2023, dated 6 March 2024, covering highlights, financial results, liquidity and risks. Only the contents page and introduction are readable, so no new figures can be stated.
7 Mar 2024annual report● Neutral
Audited financial statements for the year to 31 December 2023. KPMG gave an unqualified opinion on the accounts and on internal controls over financial reporting. Readable text shows no figures.
7 Mar 2024other● Neutral
Notice of the year-end and fourth quarter conference call on 11 March 2024, with financial statements to be filed 7 March. Covers Rook I, federal permitting, financing and exploration; no results given.
7 Mar 2024other● Neutral
CFO Benjamin Salter's standard certification of the 2023 annual filings, dated 6 March 2024. A compliance form with no new business or financial information.
7 Mar 2024other● Neutral
Alberta Securities Commission participation fee form signed by CFO Salter. It shows a 2023 average market capitalisation of about C$3.68 billion and a fee of C$28,000. Administrative only.
7 Mar 2024other● Neutral
CEO Leigh Curyer's standard certification of the 2023 annual filings, dated 6 March 2024. It is a compliance form with no new business or financial information.
5 Mar 2024other● Neutral
February 2024 monthly securities statement: ASX-quoted CDIs rose to 48,772,752 from 44,016,772 via transfers. Common shares not in CDIs fell to 490,526,905; options 50,532,469. Administrative.
1 Mar 2024other▲ Good
S&P Dow Jones Indices will add NexGen (NXG) to the S&P/ASX 300 and All Ordinaries indices from 18 March 2024. Index inclusion is not a company announcement and carries no operational news.
