3 Nov 2023other● Neutral
CFO Ben Salter's standard certification of the September 2023 interim filings, now signed as Chief Financial Officer. Compliance paperwork with no new information.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
4 Oct 2023other● Neutral
September 2023 monthly securities statement: ASX CDIs rose about 4.4m to 26,447,035 through transfers. Common shares not in CDIs rose to 495,826,353, and debenture-related securities rose to 16.27m. Administrative.
4 Oct 2023capital raising announcement● Neutral
Third refresh supplementary prospectus dated 4 October 2023 restarting the quotation timing for the ASX cleansing offer. Relates to the existing C$250M at-the-market program running to 29 January 2025. Procedural; no new raising.
25 Sept 2023debt financing▲ GoodMajor
The US$110M, 9.0% convertible debenture financing closed, maturing 22 September 2028, convertible at US$6.76. Cash reserves are about C$330M. QRC will convert its 2020 US$15M debentures into about 8.6M shares. Establishment fee was 634,615 shares.
25 Sept 2023debt financing● Neutral
Trust indenture dated 22 September 2023 with Computershare Trust Company of Canada governing the 9.0% unsecured convertible debentures. Legal documentation of the already-closed US$110M financing; only the contents page is readable, so no new facts.
25 Sept 2023security holder rights change● Neutral
Filing of the shareholder rights plan dated 24 April 2023 between NexGen and Computershare. Text is truncated to the contents page; the plan was already continued in June 2023, so no new terms can be drawn from it.
25 Sept 2023debt financing● Neutral
Canadian material change report on the closing of the US$110M convertible debenture financing, with an Australian cleansing notice attached. Repeats the news release terms: 9.0% coupon, US$6.76 conversion, maturity 22 September 2028. No new facts.
25 Sept 2023material agreement● Neutral
Amended investor rights agreement dated 22 September 2023 with Queen's Road Capital, replacing its 2020 agreement. Ties QRC's restrictions to the new 9.0% convertible debentures it bought. Detailed terms are cut off; follows the closing of the US$110M financing.
25 Sept 2023material agreement● Neutral
New investor rights agreement dated 22 September 2023 with Washington H. Soul Pattinson, in return for its purchase of the new 9.0% convertible debentures. Imposes restrictions on WHSP; only definitions are readable. Completes the paperwork for the US$110M financing.
4 Sept 2023other● Neutral
August 2023 monthly securities statement: ASX CDIs rose about 4.47m to 22,049,576 through transfers. Common shares fell to 471,976,914, options rose to 49.17m and debentures were 8.67m. Administrative.
4 Sept 2023capital raising announcement● Neutral
Canadian material change report for the 31 August 2023 US$110M, 9.0% convertible debenture financing with QRC and WHSP. Convertible at US$6.76 (C$9.15); two-thirds of interest in cash, one-third in shares. Closing is conditional on the share trade and approvals. Repeats ref 7.
4 Sept 2023capital raising announcement▲ GoodMajor
NexGen signed binding term sheets for US$110M of 9.0% unsecured convertible debentures with Queen's Road Capital and Washington H. Soul Pattinson, 5-year term, convertible at US$6.76 per share (30% premium). WHSP also buys 8.7M existing shares from QRC.
30 Aug 2023director officer appointment● NeutralMajor
Ben Salter, currently VP Finance, becomes CFO from 1 September 2023, replacing Harpreet Dhaliwal who is resigning to pursue other career interests. Tracy Primeau joins as Special Advisor on community.
22 Aug 2023regulatory community update▲ GoodMajor
Provincial technical review of the Rook I environmental assessment is complete and the Final Environmental Impact Statement was submitted. A 30-day public review starts by 2 September 2023, then a ministerial decision follows. All final licence application components went to the CNSC in Q2 2023.
9 Aug 2023half year report● Neutral
Management commentary for the quarter and half to 30 June 2023, accompanying the financial statements. Text is truncated to the contents page and introduction, so no results or new facts can be drawn from it.
9 Aug 2023other● Neutral
Standard certification of the June 2023 interim filings, signed by Ben Salter as Acting Chief Financial Officer. Compliance paperwork; it shows Salter in the acting CFO role before his formal appointment.
9 Aug 2023half year report● Neutral
Unaudited June 2023 half-year statements: cash fell to C$100.6m from C$134.4m at December 2022. Six-month net loss was C$26.6m; convertible debentures were C$79.0m. Total equity C$481.9m. Continues the cash decline since the March quarter (C$135.9m).
9 Aug 2023other● Neutral
CEO Leigh Curyer's standard certification of the June 2023 interim filings. Compliance paperwork with no new information.
4 Aug 2023other● Neutral
Notice that Q2 2023 financial statements will be released on 9 August 2023, with a conference call on 10 August. Scheduling only; no results.
3 Aug 2023other● Neutral
July 2023 monthly securities statement: ASX CDIs rose about 2.02m to 17,581,718 through transfers. Common shares fell to 473,775,710, options were 46.10m and debentures 8.45m. Administrative.
5 July 2023other● Neutral
June 2023 monthly securities statement: ASX CDIs rose 107,500 to 15,562,591. Common shares rose about 1.07m to 475,387,366, options fell to 46.19m, and debentures fell to 8.49m (foreign exchange). Administrative.
5 July 2023capital raising announcement● Neutral
Second refresh supplementary prospectus, dated 5 July 2023, restarts the quotation timing for the single cleansing CDI tied to the C$250M at-the-market program, which runs to 29 January 2025. No new raising or figures; administrative.
16 June 2023material agreement▲ GoodMajor
NexGen signed an Impact Benefit Agreement with Métis Nation–Saskatchewan Northern Region 2 and MN-S covering all phases of Rook I. It is the fourth and final community benefit agreement, and follows the 2019 Study Agreement. Financial terms are not given in the text.
13 June 2023drilling spud● Neutral
Summer exploration drilling started: 17,000m with up to three rigs on the SW2 and SW1 properties, bringing the 2023 planned total to 22,500m. Targets include the R7 and Morrow corridors near Arrow and the Gartner and Gambit corridors. No results yet.
5 June 2023other● Neutral
May 2023 monthly securities statement: ASX CDIs rose 250,000 to 15,455,091 through transfers. Common shares rose 2.24m to 474,315,495, options fell 2.49m to 47.39m, and debentures were 8.72m. Administrative.
12 May 2023regulatory community update▲ GoodMajor
Saskatchewan approved the 2023 Site Infrastructure and Confirmation Program at Rook I, with about C$35M budgeted. It adds over 60 on-site staff, expands the camp from 100 to 200 beds, and drills up to 59 freeze holes to 220m. This follows the earlier 'summer 2023' site works guidance.
4 May 2023other● Neutral
CFO Harpreet Dhaliwal's certificate, dated 3 May 2023, on the Q1 2023 interim filings. Administrative; no new information.
4 May 2023other● Neutral
CEO Leigh Curyer's certificate, dated 3 May 2023, on the Q1 2023 interim filings. Administrative; no new information.
4 May 2023other● Neutral
April 2023 monthly securities statement: ASX CDIs unchanged at 15,205,091, common shares unchanged at 472,075,495, options unchanged at 49.88m. Convertible debentures rose to 8.70m (foreign exchange). Administrative.
2 May 2023debt financing▲ GoodMajor
NexGen has received non-binding expressions of interest for over US$1 billion of debt to fund Rook I from commercial lenders and export credit agencies. Terms and due diligence remain open; finalisation of agreements is scheduled for Q4 2023. An early step toward funding the project, not a commitment.