NexGen Energy Ltd.

NexGen Energy Ltd. is a uranium exploration and development company with a portfolio of high-impact projects that span the Athabasca Basin in Saskatchewan, Canada. The company's flagship asset is the land-based Arrow zone at its 100%-owned Rook 1 project. Arrow is developing into a world-class, high-grade uranium project. Additionally, in 2015, NexGen discovered a new mineralized area 3.7 km northeast of Arrow called Bow. The company is solely targeting large and high-grade uranium assets. NexGen is led by a proven team with mineral exploration, development and production experience.

Expert Comments:

Colin Healey, Haywood Securities (7/13/17)
"NexGen Energy Ltd.'s commencement of summer work at its 100%-owned Rook 1 project comes just ahead of the highly anticipated PEA of the Arrow deposit which is, in the company's words, 'imminent.' We expect the maiden PEA of the Arrow deposit will confirm our view that it has the potential to become one of the lowest cost uranium mines globally and could be a significant catalyst for the stock when delivered in coming days."

Rob Chang, Cantor Fitzgerald (7/12/17)
"NexGen Energy Ltd. has announced assay results from 25 drill holes from the winter drilling program. . .highlights include high-grade mineralization from both infill and stepout drilling within the A2 and A3 shears. While the results are solid, the market will be waiting on the maiden PEA."

Rob Chang, Cantor Fitzgerald (7/4/17)
"NexGen Energy Ltd. has announced that it has entered into a binding term sheet with CEF Holdings for a second financing package totaling $110M. . .NexGen will have an excellent cash position of about $200M after this transaction along with an exceptionally strong voting alignment agreement with CEF."

Canaccord Genuity Morning Coffee (7/4/17)
"NexGen Energy Ltd. announced it entered into a binding agreement with CEF Holdings (controlled by Li Ka Shing) for a second financing package totaling $110M. . .including the proceeds from this financing, NexGen will have cash reserves of ~$200M. Proceeds will be used to finance the continuing exploration and development of the company's SW2 properties (which include the Rook 1 project) and for general corporate purposes."

David Talbot, Eight Capital (6/30/17)
"NexGen Energy Ltd. has once again tapped CEF Holdings, this time for a $110M strategic investment. . .we view this as relatively positive in the short term, particularly as 55% of the deal is nondilutive. It removes financing risk for perhaps a couple of years and signals confidence by both the company and CEF that the Arrow deposit will be developed (which we share)."

Mick Carew, Haywood Securities (6/30/17)
"The $110M in additional financing will leave NexGen Energy Ltd. with ~CA$200M in the treasury and will be used to advance the Rook 1 project and should carry the company through to a production decision and beyond. We see the equity plus debt deal as net positive when examining the trade-off between the benefit of reducing uncertainty around future financing dilution versus what we view as reasonable all-in dilution to shareholders."

Winter drilling in the Athasbasca Basin has revealed significant mineralization and off-scale radioactivity, as well as the opportunity for mineral resource expansion, and analysts now await the preliminary economic assessment that is expected shortly.
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Drill results from NexGen Energy's A3 Zone of the Arrow project have significantly expanded the zone to the northeast and have discovered massive pitchblende.
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NexGen's latest mineral resource estimate for the Rook I property has caught the attention of industry analysts.
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More Expert Comments

Experts Following This Company

Mick Carew, Analyst – Haywood Securities
Rob Chang, Senior Analyst and Head of Metals & Mining – Cantor Fitzgerald
David Davidson – Paradigm Capital
Matt Geiger, General Partner – MJG Capital
Colin Healey, Analyst – Haywood Securities
James Kwantes Resource Opportunities
Gwen Preston, Founder Resource Maven
Jamie Spratt, Analyst – Clarus Securities
David Talbot, Vice President, Senior Analyst – Eight Capital

The information provided above is from analysts, newsletters, the company and other contributors.

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Investing Highlights
World-Class Uranium Asset In Athabasca Basin
Large, High-Grade, Basement-Hosted and 100% Land-Based
Proven Management with Exploration, Development and Production Experience