NexGen Awards Hatch EPCM Contract as Front‐End Engineering Design (“FEED”) for the Rook I Project Commences
NexGen Awards Hatch EPCM Contract as Front‐End Engineering
Design (“FEED”) for the Rook I Project Commences
Vancouver, British Columbia, November 9, 2021 ‐ NexGen Energy Ltd. ("NexGen" or the "Company")
(TSX/NYSE: NXE, ASX: NXG) is pleased to announce that the Company has awarded the engineering,
procurement, and construction management (“EPCM”) contract for the FEED stage of the Rook I Project
to Hatch with work well underway. Hatch is a global leader in project management and engineering with
extensive experience delivering mining projects in Saskatchewan and across Canada.
The awarding of the EPCM contract comes at the conclusion of a rigorous and competitive tender process
involving multiple globally recognized industry firms. Integrating fully into the owner’s team, Hatch is
responsible for providing NexGen with engineering, procurement, and execution planning services, along
with supporting overall project management.
Following the successful completion of the Rook I Feasibility Study in February of this year (see News
Release), NexGen is transitioning into the next stage of advanced project development with the
commencement of FEED. In line with the optimized project execution strategy, the FEED stage will
advance overall engineering to a 40‐45% level of completion with associated cost estimate, fully define
long‐lead procurement actions, and further refine execution planning to prepare the Project for the
pending construction stage. This FEED stage is scheduled for completion in Q3 2022 and will be
undertaken concurrently with the engagement, Environmental Assessment (“EA”) and Licensing
workstreams.
The 2021 Site Investigation program is advancing safely and as planned as a pre‐cursor for FEED. Surface
investigation field work is now complete, which consisted of test pits and sonic boreholes in locations of
planned infrastructure. The collection of confirmational geological, geotechnical, and hydrogeologic
characterization data is nearing completion, and early analysis of this data has validated the current
designs established in the Feasibility Study and confirms the understanding of the rock mass proximal to
the underground infrastructure and Underground Tailings Management Facility (“UGTMF”). Updates on
both the 2021 Site Investigation program as well as the regional greenfields exploration program are
scheduled to be released prior to year end.
Leigh Curyer, Chief Executive Officer, commented: “Advancing into the FEED stage of development is
another exciting milestone for the Company, and we’re pleased to welcome Hatch to NexGen’s growing
high performance team in advancing the Rook I project towards the start of construction. Hatch’s
exemplary reputation in the global mining sector and deep understanding of value‐driven project delivery
aligns perfectly with NexGen’s commitment to elite standards and is a key step in the development of this
leading global resource project. In parallel, the drafting of the Project’s Environmental Impact Study and
licensing workstreams nearing completion, together with regional exploration targeting new zones of
potential “Arrow‐type” mineralization, further exemplifies the NexGen team’s commitment to the
successful execution of multiple workstreams.”
Tony George, Chief Project Officer, commented: “The project team is excited to be partnering with Hatch
– a company whose culture and project development ethic fits perfectly with NexGen’s vision and values.
As we continue to progress through development milestones, it’s rewarding to see top talent being
attracted to our team in Saskatoon due to NexGen’s growing reputation for Elite Standards in all that we
do.”
About Hatch
Whatever our clients envision, our engineers can design and build. With over six decades of business
and technical experience in the mining, energy, and infrastructure sectors, we know your business and
understand that your challenges are changing rapidly. We respond quickly with solutions that are
smarter, more efficient and innovative. We draw upon our 9,000 staff with experience in over 150
countries to challenge the status quo and create positive change for our clients, our employees, and the
communities we serve.
Find out more on www.hatch.com
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 outlines 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% U3O8, Indicated Mineral Resources
of 47.1 M lbs of U3O8 contained in 1.57 M tonnes grading 1.36% U3O8, and Inferred Mineral Resources
of 80.7 M lbs of U3O8 contained in 4.40 M tonnes grading 0.83% U3O8. .
NexGen has a highly experienced team of uranium industry professionals with a successful 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
Senior Vice President Corporate Development
NexGen Energy Ltd.
+1 604 428 4112
http://www.nexgenenergy.ca
Technical Disclosure
All technical information in this news release has been reviewed and approved by Anthony ( Tony) George ,
P.Eng, NexGen's Chief Project Officer, a qualified person under National Instrument 43‐101.
A technical report in respect of the FS is filed on SEDAR ( www.sedar.com ) and EDGAR
(www.sec.gov/edgar.shtml ) and is available for review on NexGen Energy's website (www.nexgenenergy.ca ).
Cautionary Note to U.S. Investors
This news release includes Mineral Reserves and Mineral Resources classification terms that comply with
reporting standards in Canada and the Mineral Reserves and the Mineral Resources estimates are made in
accordance with NI 43‐101. NI 43‐101 is a rule developed by the Canadian Securities Administrators that
establishes standards for all public disclosure an issuer makes of scientific and technical information concerning
mineral projects. These standards differ from the requirements of the Securities and Exchange Commission
("SEC") set the SEC's rules that are applicable to domestic United States reporting companies. Consequently,
Mineral Reserves and Mineral Resources information included in this news release is not comparable to similar
information that would generally be disclosed by domestic U.S. reporting companies subject to the reporting
and disclosure requirements of the SEC Accordingly, information concerning mineral deposits set forth herein
may not be comparable with information made public by companies that report in accordance with U.S.
standards.
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. "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 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 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 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 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 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 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 consultation, 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 March 11, 2020 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.