NexGen Energy Ltd. Closes A$1 Billion (C$950 Million) Global Equity Offering
NexGen Energy Ltd. Closes A$1 Billion (C$950 Million) Global Equity Offering
Vancouver, BC, October 16, 2025 – NexGen Energy Ltd. (TSX: NXE) (NYSE: NXE) (ASX: NXG)
(“NexGen” or the “Company”) is pleased to announce it has closed its previously announced global
equity offering for aggregate gross proceeds of approximat ely A$1 billion (C$950 million) 1 ,
consisting of:
33,112,583 common shar es of the Company (“North American Shares”) sold on a bought
deal basis through a syndicate of underwriters led by Merrill Lynch Canada Inc. (the “Lead
Underwriter”) and including Stifel Nicolaus Canada Inc., J.P. Morgan Securities Canada
Inc., BMO Nesbitt Burns Inc., National Bank Fi nancial Inc., RBC Dominion Securities Inc.,
and Canaccord Genuity Corp. (collectively, with the Lead Underwriter, the “Underwriters”)
at a price of C$12.08 per share for gross proceeds of approximat ely C$400 million (the
“North American Offering”); and
45,801,527 common shares of the Company (the “Australian Shares”), settled in the form
of CHESS Depository Interests (“ CDIs”), and placed with institutional investors on an
underwritten basis by Aitken Mount Capital Pa rtners Pty Ltd (ABN 39 169 972 436) (the
“Australian Underwriter ”) acting as sole underwriter, joint lead manager and joint
bookrunner, and Canaccord Genuity (Australia) Limited (ACN 075 071 466) acting as joint
lead manager and joint bookrunner at a price of A$13.10 per CDI 2 for gross proceeds of
approximately A$600 million (the “ Australian Offering ” and together with the North
American Offering, the “Offering”).
The Company intends to use the net proceeds from the Offering to advance engineering of the Rook
I Project, for Rook I pre-production capital costs and for general corporate purposes.
The CDIs, and underlying Australian Shares, were issued without disclosure under the Australian
Corporations Act 2001 (Cth) (the “Australian Corporations Act”) to “sophisticated investors” and
“professional investors” (within the meaning of sub-sections 708(8) and 708(11) of the Australian
Corporations Act) and investors in other jurisdicti ons that may lawfully participate. The CDIs and
underlying Australian Shares have not been registered under the U.S. Securities Act of 1933, as
amended, and may not be offered or sold in the United States absent registration thereunder or an
applicable exemption from the registration requirements thereof.
This news release shall not constitu te an offer to sell or the solicitat ion of an offer to buy nor shall
there be any sale of the North American Shares, Australian Shares or CDIs in any jurisdiction in
which such offer, solicitation or sale would be unlawful prior to registration or qualification under the
securities laws of that jurisdiction.
Farris LLP acted as legal counsel to the Company in relation to the Offering. Dorsey Whitney LLP
and Allens acted as legal counsel to the Company in relati on to the North American Offering and
the Australian Offering, respectively. Blake, Cassels & Graydon LLP and Skadden, Arps, Slate,
Meagher & Flom LLP acted as legal counsel to the Underwriters in relation to the North American
Offering. Gilbert + Tobin acted as legal counsel to the Australian Underwriter in relation to the
Australian Offering.
1 The Australian Offering was conducted in Australian dollars at the Bloomberg exchange rate at the time of announcement as
quoted on October 1, 2025 (C$1.00 = A$1.0850) (the “Exchange Rate”).
2 Based on the Exchange Rate.
About NexGen
NexGen is a British Columbia corporation with a focus on the acquisition, exploration and
development of Canadian uranium projects. NexGen has a highly experienced team of uranium
industry professionals with a successful track re cord in the discovery of uranium deposits and in
developing projects through discovery to producti on. NexGen owns a portfolio of prospective
uranium exploration assets in the Athabasca Basin, Saskatchewan, Canada, including a 100%
interest in Rook I, location of the Arrow De posit discovered in February 2014 which is in
development.
For additional information and media inquiries:
Leigh Curyer
Chief Executive Officer
NexGen Energy Ltd.
+1 604 428 4112
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
Neither the TSX nor the NYSE has reviewed or accepted responsibility for the accuracy or adequacy
of this news release, which has been prepared by management.
Cautionary Note Regarding Forward-Looking Statements
The information contained herein contains "forward-looking stat ements" 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 the expected use of t he net proceeds from the
Offering. Generally, but not always, forward-look ing information and stat ements can be identified
by the use of words such as "pl ans", "expects", "is ex pected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations
of such words and phrases or stat e 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 fo rward-looking information, as they involve the
implied assessment that, based on certain esti mates 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 NexG en's business and the industry and markets in
which it operates. Forward-l ooking information and statem ents are made based upon numerous
assumptions, including among others, that the mi neral reserve and resources estimates and the
key assumptions and parameters on which such esti mates 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 consi dered 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 caus e actual results, perfo rmances and achievements
of NexGen to differ materially from any projecti ons of results, perform ances 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 de pendence on third party financing,
uncertainty of the availability of additional financing, the risk t hat 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 th an expected, that the future price of uranium will decline or
otherwise not rise to an economic level, the app eal of alternate source s of energy to uranium-
produced energy, that th e Canadian dollar will str engthen 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 expec ted, 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, relianc e upon key management and other perso nnel, 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 Marc h 3, 2025 filed with the securiti es commissions of all of the
provinces and territories of Canada and in NexGen 's 40-F filed with the United States Securities
and Exchange Commission, which are available on SEDAR+ at www.sedarplus.ca and EDGAR at
www.sec.gov.
Although the Company has attempted to identify important factors t hat 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 fa ctors that cause results not to
be as anticipated, estima ted 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 forw ard-looking statements
or information. The Company undertakes no obli gation to update or reissue forward-looking
information as a result of new information or events except as required by applicable securities laws.