Mentioned:
A publicly traded company with one of the most important uranium projects in the entire world has just raised nearly a billion dollars.
What’s happening:
- NexGen Energy (TSX: NXE) has successfully raised $950M CAD in a new equity financing round
Why it matters:
- This is the single largest capital raise NexGen Energy has ever done since the company was first formed
Going deeper:
- NexGen Energy has publicly stated they will use the new growth capital to further advance their flagship Rook I project located in the historic Athabasca Basin in Saskatchewan, Canada
- The Rook I project is widely expected to become the world’s single largest uranium mine once it enters into commercial production and contains more than 250M pounds of high grade uranium
