NexGen Establishes C$250 Million At-the-Market Equity Program
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NexGen Establishes C$250 Million At-the-Market Equity Program
Vancouver, BC, January 6, 2023 - NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX: NXE) (NYSE:
NXE) (ASX: NXG) announced today that it has established an at -the-market equity program (the “ ATM
Program”) to offer and sell up to C$250 million of common shares from treasury (“Common Shares”).
Sales of Common Shares, if any, will be made pursuant to the terms of an equity distribution agreement
dated January 6, 2023 (the “ Sales Agreement ”) among the Company, Virtu ITG Canada Corp., as
Canadian agent, and Virtu Americas, LLC, as U.S. agent (together, the “ Agents”), on the TSX and/or the
NYSE, and/or any other marketplace for the Common Shares in Canada or the United States or as otherwise
agreed between the Agents and the Company. The volume and timing of sales under the ATM Program, if
any, will be determined in the Company’s sole discretion, and at the market price prevailing at the time of
each sale, and, as a result, sale prices may vary.
The ATM Program will be effective until the earlier of the sale of all of the Common Shares issuable pursuant
to the ATM Program and January 29, 2025, unless terminated prior to such date by the Company or the
Agents.
The ATM Program is being made pursuant to a prospectus supplement dated January 6, 2023 (the
“Prospectus Supplement”) to the Company’s final short form base shelf prospectus filed in all provinces
and territories of Canada dated December 29, 2022 (the “ Base Shelf Prospectus ”), and pursuant to a
prospectus supplement dated January 6, 2023 (the “ U.S. Prospectus Supplement ”) to the Company’s
U.S. base prospectus (the “ U.S. Base Prospectus ”) included in its registration statement on Form F -10
(the “Registration Statement”) (File No. 333-266575) filed with the United States Securities and Exchange
Commission on August 15, 2022 (collectively, the Prospectus Supplement, Base Shelf Prospectus, U. S.
Prospectus Supplement , the U.S. Base Prospectus and Registration Statement, the “ Offering
Documents”).
As outlined in the Offering Documents, the Company intends to use the net proceeds from the ATM
Program, if any, to fund the continued development and further exploration of its mineral properties, and
for general corporate purposes.
Potential investors sh ould read the Offering Documents , Sales Agreement and other documents the
Company has filed for more complete information about the Company and the ATM Program. Listing of the
Common Shares sold pursuant to the ATM Program on the TSX and/or the NYSE will be subject to fulfilling
all applicable listing requirements.
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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.
Contact Information
Leigh Curyer
Chief Executive Officer
NexGen Energy Ltd.
+1 604 428 4112
Travis McPherson
Senior Vice President Corporate Development
NexGen Energy Ltd.
+1 604 428 4112
Copies of Offering Documents
The Prospectus Supplement , the Base Shelf Prospectus and the Sales Agreement are available at
www.sedar.com and the U.S. Prospectus Supplement, the U.S. Base Prospectus and the Registra tion
Statement are available at www.sec.gov. Alternatively, the Agents will send copies of the Prospectus
Supplement and the Base Shelf Prospectus or the U.S. Prospectus Supplement and the U.S. Base
Prospectus, as applicable, upon request by contacting:
Virtu Americas LLC
Attn Capital Markets
1633 Broadway | New York, NY 10019
Virtu ITG Canada
Attn Capital Markets
222 Bay Street | Suite 1720 | Toronto, ON M5K 1B7
No securities regulatory authority has either approved or disapproved of the contents of this press
release. This press release is for information purposes only and does not constitute an offer to sell
or the solicitation of an offer to buy the Common Shares, nor shall there be any sale of these
securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any such state or jurisdiction.
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,
anticipated sale and distribution of Common Shares under the ATM Program and the volume and timing of
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the sale and distribution of Common Shares under the ATM Program a nd the expected uses of the net
proceeds from any sales of Common Shares . 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", "a nticipates", 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 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 sta tements 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 the technical report for the property , th e
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 Canadi an 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 b e 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 ap provals, 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 mainta in 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,
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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.