The following is a summary of the NexGen Energy Ltd. (NXE) Q1 2024 Earnings Call Transcript:

Financial Performance:

• NexGen now holds approximately $930 million CAD in liquid assets, fueled by a recent AUD $250 million capital infusion.

• NexGen purchased 2.7 million pounds of physical uranium at $92.50 per pound, funded by a $250 million convertible debenture issued at a 30% premium.

• The company discussed the inflationary impact of an extra $320 million on the previous $1.3 billion estimate from the 2021 feasibility study, attributed mainly to labor wages.

Business Progress:

• NexGen is closing federal permit stages and beginning design stages for the Rook I project.

• A uranium mine and mill project, Rook I has received Provincial Environmental Approval.

• NexGen detected new mineralization on a fresh conductor corridor and completed a strategic asset purchase of 2.7 million pounds of uranium.

• It anticipates a surge in nuclear power demand due to global energy policy changes.

• NexGen expects to construct the Rook I project immediately after getting federal approval, considering its strong backing from indigenous community partners and regency authorities.

• The company plans to disclose updated capital and operating costs by the end of Q2 or early Q3.

More details: NexGen Energy IR

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