NexGen Announces Doubling of Contracted Sales Volumes with 5 Million pound Uranium Offtake Contract with Major US Utility
NexGen Announces
Doubling
of
Contracted
Sales
Volumes
with
5 Million pound
Uranium
Offtake Contract with Major
US
Utility
C
ontracted volumes
doubl
e
to
more than
10 million pounds
.
Market
r
elated
p
ricing
m
echanisms
providing the most
s
ignificant
leverage
to
f
uture
p
rices
at time of delivery.
Ongoing negotiations with multiple entities for additional offtake contracts.
Vancouver, BC,
August 6
, 2025
–
NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX:
NXE) (NYSE: NXE) (ASX: NXG)
i
s pleased to announce it has secured a new uranium offtake
contract with a
nother
major
US based
utility
for the delivery of 1 million pounds of uranium per
year over a five
-
year period
. C
ommencing in
the first year of
commercial production
,
t
h
is
latest
uranium sales agreement
follows
the Company’s
first
sales contracts
announced in December
2024
(
link
NR December 4, 2024)
. This contract
reflects the significant materiality of NexGen’s
Rook I Project in the future supply of uranium at a time
when
sovereign and technical risk
surrounding current production sources is at unprecedented levels worldwide.
This contract doubles NexGen's existing contracted volume
s
incorporating
significant
leverage
to
the
future
pricing of uranium
.
I
n addition
, NexGen’s Arrow Deposit
current
ly has
229.6M
lbs
of
uncontracted
reserves
to be sold optimally in the future.
Market
-
related pricing mechanisms at the time of delivery
i
s
a key element of NexGen’s offtake
strategy
.
Leigh Curyer,
Founder &
Chief Executive Officer
, commented
: “
NexGen’s
stated
strategy
simply optimize
s
the value
and return on
each pound produced
. It reflects
Rook I’s relative
technical simplicity
and
high
production
volume
certainty,
which provides our
utility
clients
confidence in the delivery of their future fuel requirements. At the same time, it provides NexGen
shareholders unprecedented
industry leading
leverage
to prices
at the time of
those
deliver
ies
.
The team is managing
a
substantial
increase in offtake
activity and
negotiation,
reflecting
NexGen
as
a
future
cornerstone of the global
nuclear
energy
market
.
In an era defined by
the intersection of energy security and national security combined with
surging demand for electrification,
NexGen
's role in enhancing energy security and independence
for its power utility clients
has never been more critical.
”
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 minin
g 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 ent
ire 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
lcuryer@nxe
-
energy.ca
www.nexgenenergy.ca
Travis McPherson
Chief Commercial Officer
NexGen Energy Ltd.
+1 604 428 4112
tmcpherson@nxe
-
energy.ca
Monica Kras
Vice President, Corporate Development
NexGen Energy Ltd.
+44 (0) 7307 191933
mkras@nxe
-
energy.ca
Fo
rward
-
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 setting industry benchmarks with innovative and sustainable mining solutions
and reflecting ongoing commitments to maximizing benefits to partners and stakeholders, the suc
cessful
execution of the shaft sinking contract, the seamless transition to major construction following anticipated
federal Environmental Assessment and licence approvals, the delivery of clean energy fuel for the future,
the development of the largest l
ow cost producing uranium mine globally and incorporating elite standards
in environmental and social governance, delivering a project that leads the entire mining industry socially,
technically and environmentally, providing generational long
-
term economi
c, environmental and social
benefits for Saskatchewan, Canada and the world, planned exploration and development activities and
budgets, the interpretation of drill results and other geological information, mineral reserve and resource
estimates (to the ex
tent they involve estimates of the mineralization that will be encountered if a project is
developed), requirements for additional capital, capital costs, operating costs, cash flow estimates,
production estimates, the future price of uranium and similar s
tatements relating to the economics of a
project, including the Rook I Project. Generally, forward
-
looking information and statements can be
identified by the use of forward
-
looking terminology such as “plans”, “expects”, “is expected”, “budget”,
“schedule
d”, “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.
Forward
-
looking information and statements are based on NexGen’s current expectations, beliefs,
assumptions, estimates and forecasts about its business and the industry and markets in which it operates.
Forward
-
looking information and statements are made b
ased upon numerous assumptions, including,
among others, that, third
-
party contractors, including Thyssen, will perform their contracts as expected and
on time, the results of planned exploration and development activities will be as anticipated and on tim
e;
the price of uranium; the cost of planned exploration and development activities; that, as plans continue to
be refined for the development of the Rook I Project, there will be no changes in costs, engineering details
or specifications that would materi
ally adversely affect its viability; 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 and de
velopment activities will be
available on reasonable terms and in a timely manner; that there will be no revocation of government
approvals; that general business, economic, competitive, social and political conditions will not change in a
material adverse
manner; the assumptions underlying the Company’s mineral reserve and resource
estimates; assumptions made in the interpretation of drill results and other geological information; the ability
to achieve production on the Rook I Project; and other estimate
s, assumptions and forecasts disclosed in
the Feasibility Study for the Rook I Project. Although the assumptions made by the Company in providing
forward
-
looking information or making forward
-
looking statements were considered reasonable by
management at t
he time they were made, there can be no assurance that such assumptions will prove to
be accurate.
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, negative operating cash flow
and dependence on third
-
party financing, uncer
tainty of additional financing, the risk that pending assay
results will not confirm previously announced preliminary results, the imprecision of mineral reserve and
resource estimates, the price and appeal of alternate sources of energy, sustained low ura
nium prices,
aboriginal title and consultation issues, exploration and development risks, climate change, uninsurable
risks, reliance upon key management and other personnel, risks related to title to its properties, information
security and cyber threats,
failure to manage conflicts of interest, failure to obtain or maintain required
permits and licences, changes in laws, regulations and policy, competition for resources, political and
regulatory risks, general inflationary pressures, industry and economic
factors that may affect the business,
and other factors discussed or referred to in the Company’s most recent Annual Information Form under
“Risk Factors” and management’s discussion and analysis under “Other Risks Factors” filed on SEDAR+
at
www.sedarplus.ca
and 40
-
F filed on 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.