NexGen Announces Appointment of Ivan Mullany to its Board of Directors
NexGen Announces Appointment of Ivan Mullany to its Board of Directors
Vancouver, BC, January 31, 2023 – NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX: NXE) (NYSE: NXE)
(ASX: NXG) is pleased to announce the appointment of Ivan Mullany, to the Company’s Board of Directors.
Leigh Curyer, Chief Executive Officer, commented: “On behalf NexGen Energy’s Executive and Board of Directors,
we are very pleased to welcome Mr. Ivan Mullany. Mr. Mullany has extensive knowledge and experience in the
successful execution of global mining project construction and operational excellence. Mr. Mullany is joining an
experienced team dedicated to the responsible development of the Rook I Project that will create significant
generational benefits to Saskatchewan and Canada , while playing a leading role globally in the delivery of clean
energy fuel. Mr Mullany’s skills and experience are an excellent complement to the Board and timely, as Rook I
advances into Detailed Engineering in 2023.
Ivan Mullany
Mr. Mullany, BSc, Majoring in Extractive Metallurgy, CIMM, FAusIMM, has over 35 years in mining project
management with broad international experiences. Most recently, with Newmont Corporation and its predecessor
Goldcorp Inc. on the Senior Leadership Team, he led numerous major projects, collectively in excess of $18 Billion,
during the engineering study, construction and execution stages.
About NexGen
NexGen is a British Columbia corporation focused on the development of the Rook I Project located in the
southwestern Athabasca Basin, Saskatchewan, Canada, into production. The Rook I Project is supported by a NI
43-101 compliant Feasibility Study which o utlines elite environmental performance as well as industry leading
economics. Rook I hosts the Arrow Deposit that hosts Measured Mineral Resources of 209.6 M lbs of U3O8 contained
in 2.18 M tonnes grading 4.35% U 3O8, Indicated Mineral Resources of 47.1 M lbs of U 3O8 contained in 1.57
M tonnes grading 1.36% U 3O8, and Inferred Mineral Resources of 80.7 M lbs of U 3O8 contained in 4.40 M tonnes
grading 0.83% U3O8.
NexGen has a highly experienced team of uranium industry professionals with a success ful track record in the
discovery of uranium deposits and in developing projects through discovery to production. The Company is the
recipient of the 2018 PDAC Bill Dennis Award for Canadian mineral discovery and the 2019 PDAC Environmental
and Social Responsibility Award.
Contact Information
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
http://www.nexgenenergy.ca
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 legisla tion. "Forward -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, anticipated 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 va riations 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 made 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 a nticipated, 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 contractors, 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 th e 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, t hat 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 parameters 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 co nsultation, reliance upon key management and other personnel,
deficiencies in the Company's title to its properties, uninsurable risks, failure to manage conflicts of interest,
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 February 25, 2022 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 be 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 reliance 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.