NexGen Advances Federal Environmental Assessment Process Through Submission of Responses to Remaining Information Requests
NexGen Advances Federal Environmental Assessment Process Through Submission of
Responses to Remaining Information Requests
Vancouver, BC, May 21, 2024 – NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX:
NXE) (NYSE: NXE) (ASX: NXG) is pleased to announce that on May 21st, the Company is
submitting to the Federal regulator – the C anadian Nuclear Safety Commission (“CNSC”) –
responses to the remaining 49 technical review comments received on February 12, 2024 as part
of the Federal Environmental Assessment (“EA”) review process for the Company’s 100% owned
Rook I Project (the “Project”).
The 49 technical comments represent the remaining aspects of the original 274 questions
received from the CNSC from their technical review of the Rook I Project Draft Environmental
Impact Statement (“EIS”) submitted by NexGen in June 2022. As part of this submission, NexGen
has also submitted a revised Federal EIS to the CNSC as part of the response process.
Leigh Curyer, NexGen’s Chief Executive Officer, commented: “The Company received Provincial
EA approval in November 2023 and then submitted responses to the full Federal technical review
comments and received ~80% accepted in round 1. T he submission of these remaining 49
responses represents another significant milestone in the final advancement of the Federal EA for
the Rook I Project.
The NexGen team commends the rigour and diligence of the Federal EA process which formally
began 5 years ago with the submission of the Project Description – as it validates the technical
robustness of the Project , which, once approved, will be the wo rld's largest and lowest -cost
uranium fuel producer, providing outstanding environmental, social, and economic benefits for
current and future generations.
With NexGen’s Federal Licence Application having been accepted by the CNSC in September
2023, and full support and consent for the Project from the four local, Rights-bearing Indigenous
Nation partners, we look forward to the successful conclusion of the Federal EA technical review
process and the establishment of a Federal Commission Hearing date to conclude the approval
process for this generational project, enabling construction and operation of this environmentally
elite and fully supported green energy project.”
All four Local Priority Area (“LPA”) Communities – the Clearwater Dene Nation (“CRDN”), Birch
Narrows Dene Nation (“BNDN”), Buffalo River Dene Nation (“BRDN”), and Métis Nation –
Saskatchewan (“MN-S”) on behalf of MN-S Northern Region 2 (“NR2”) – have formally confirmed
their consent and strong support for NexGen’s stewardship of the Rook I Project through the
signing of industry-leading Benefit Agreements. All four have fully signed off on all aspects of the
Federal EA process required at this time and are advocating for its imminent approval.
In accordance with established Federal EA process, the CNSC will now conduct a completeness
check of NexGen’s most recent submission, which will be completed within 30 days. Upon
conclusion of the completeness check, technical review of NexGen’s comment responses and
revised EIS will be undertaken by the CNSC through the Federal-Indigenous Review Team which
is prescribed as 60 days . Upon confirmation from the CNSC that all technical comments have
been resolved and acceptance of the EIS as final, the CNSC will establish a Federal Commission
Hearing date.
About NexGen
NexGen Energy is a Canadian company focused on delivering clean energy fuel for the future.
The Company’s flagship Rook I Project is being optimally developed into the largest low cost
producing uranium mine globally, incorporating the most elite standard s in environmental and
social governance. The Rook I Project is supported by a NI 43 -101 compliant Feasibility Study
which outlines the elite environmental performance and industry leading economics. NexGen is
led by a team of experienced uranium and mining industry professionals with expertise across the
entire mining life cycle, including exploration, financing, project engineering and construction,
operations and closure. NexGen is leveraging its proven experience to deliver a Project that leads
the entire mining industry socially, technically and environmentally. The Project and prospective
portfolio in northern Saskatchewan will provide generational long-term economic, environmental,
and social benefits for Saskatchewan, Canada, and the world.
NexGen is listed on the Toronto Stock Exchange, the New York Stock Exchange under the ticker
symbol “NXE” and on the Australian Securities Exchange under the ticker symbol “NXG”
providing access to global investors to participate in NexGen’s mission of sol ving three major
global challenges in decarbonization, energy security and access to power. The Company is
headquartered in Vancouver, British Columbia, with its primary operations office in Saskatoon,
Saskatchewan.
For additional information and media inquiries:
Leigh Curyer
Chief Executive Officer
NexGen Energy Ltd.
+1 604 428 4112
www.nexgenenergy.ca
Travis McPherson
Chief Commercial Officer
NexGen Energy Ltd.
+1 604 428 4112
Monica Kras
Vice President, Corporate Development
NexGen Energy Ltd.
+44 (0) 7307 191933
Media Inquiries
+1 604 218 1142
Forward-Looking Information
The information contained herein contains "forward -looking statements" within the meaning of applicable
United States securities laws and regulations and "forward -looking information" within the meaning of
applicable Canadian securities legislation. "Forwa rd-looking information" includes, but is not limited to,
statements with respect to mineral reserve and mineral resource estimates, the 2021 Arrow Deposit, Rook
I Project and estimates of uranium production, grade and long -term average uranium prices, anti cipated
effects of completed drill results on the Rook I Project, planned work programs, completion of further site
investigations and engineering work to support basic engineering of the project and expected outcomes.
Generally, but not always, forward-looking information and statements can be identified by the use of words
such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or
state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be
achieved" or the negative connotation thereof. Statements relating to "mineral resources" are deemed to
be forward-looking information, as they involve the implied assessment that, based on certain estimates and
assumptions, the mineral resources described can be profitably produced in the future.
Forward-looking information and statements are based on the then current expectations, beliefs,
assumptions, estimates and forecasts about NexGen's business and the industry and markets in which it
operates. Forward -looking information and statements are m ade based upon numerous assumptions,
including among others, that the mineral reserve and resources estimates and the key assumptions and
parameters on which such estimates are based are as set out in this news release and the technical report
for the property , the results of planned exploration activities are as anticipated, the price and market supply
of uranium, the cost of planned exploration activities, that financing will be available if and when needed
and on reasonable terms, that third party contr actors, equipment, supplies and governmental and other
approvals required to conduct NexGen's planned exploration activities will be available on reasonable terms
and in a timely manner and that general business and economic conditions will not change in a material
adverse manner. Although the assumptions made by the Company in providing forward looking information
or making forward looking statements are considered reasonable by management at the time, there can be
no assurance that such assumptions will prove to be accurate in the future.
Forward-looking information and statements also involve known and unknown risks and uncertainties and
other factors, which may cause actual results, performances and achievements of NexGen to differ
materially from any projections of results, performances and achievements of NexGen expressed or implied
by such forward -looking information or statements, including, among others, the existence of negative
operating cash flow and dependence on third party financing, uncertainty of the availability of additional
financing, the risk that pending assay results will not confirm previously announced preliminary results,
conclusions of economic valuations, the risk that actual results of exploration activities will be different than
anticipated, the cost of labour, equipment or materials will increase more than expected, that the future
price of uranium will decline or otherwise not rise to an economic level, the appeal of alternate sources of
energy to uranium -produced energy, that the Canadian dollar will strengthen against the U.S. dollar, that
mineral resources and reserves are not as estimated, that actual costs or actual results of reclamation
activities are greater than expected, that changes in project par ameters and plans continue to be refined
and may result in increased costs, of unexpected variations in mineral resources and reserves, grade or
recovery rates or other risks generally associated with mining, unanticipated delays in obtaining
governmental, regulatory or First Nations approvals, risks related to First Nations title and consultation,
reliance upon key management and other personnel, deficiencies in the Company's title to its properties,
uninsurable risks, failure to manage conflicts of intere st, failure to obtain or maintain required permits and
licences, risks related to changes in laws, regulations, policy and public perception, as well as those factors
or other risks as more fully described in NexGen's Annual Information Form dated Februar y 24, 2023 filed
with the securities commissions of all of the provinces of Canada except Quebec and in NexGen's 40-F filed
with the United States Securities and Exchange Commission, which are available on SEDAR at
www.sedar.com and Edgar at www.sec.gov.
Although the Company has attempted to identify important factors that could cause actual results to differ
materially from those contained in the forward -looking information or statements or implied by forward -
looking information or statements, there may b e other factors that cause results not to be as anticipated,
estimated or intended. Readers are cautioned not to place undue reliance on forward-looking information
or statements due to the inherent uncertainty thereof.
There can be no assurance that forward -looking information and statements will prove to be accurate, as
actual results and future events could differ materially from those anticipated, estimated or intended.
Accordingly, readers should not place undue reli ance on forward -looking statements or information. The
Company undertakes no obligation to update or reissue forward -looking information as a result of new
information or events except as required by applicable securities laws.