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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