NXG
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Company News
NexGen Energy delivers best-ever drill result at Patterson Corridor East uranium project in Canada
NexGen Energy (ASX: NXG) has further expanded the Patterson Corridor East (PCE) uranium project in Canada’s Athabasca Basin with its best drill hole result to date. The company says the hole highlights the potential for rich uranium concentration in the area after it intersected 3.9m of approximately 61,000 counts per second (cps) within a larger […]
Petra Capital forecasts sustained strength in uranium market
A new report from boutique Australian institutional stockbroking firm Petra Capital is forecasting continued strength in the uranium market. The estimated uranium term price for August is up 19% year-to-date, with the final third of the year – typically a strong seasonal period for uranium – still to come. Petra believes an increase in contract […]
NexGen Energy buys 2.7 million pounds of uranium
NexGen Energy (ASX: NXG) has secured a $380 million deal with investment vehicle MMCap International for the purchase of approximately 2.7 million pounds of natural uranium concentrate. NexGen has agreed to issue the consideration as unsecured debentures, which will be convertible at MMCap’s option into approximately 23m common NexGen shares at $16.31 each, equivalent to […]