NexGen Signs Four Study Agreements with Local Communities
NexGen Signs Four Study Agreements with Local Communities
Vancouver, BC, December 5, 2019 – NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX: NXE, NYSE MKT:
NXE) is pleased to report a new milestone in its Environmental Assessment process. NexGen has successfully
entered into Study Agreements with four local communities within the project area.
The communities are all within proximity (Map 1) to the 100% ow ned, Rook I Project in the Athabasca Basin,
Saskatchewan, which is currently in the process of Feasibility and Environmental Assessment under CEAA 2012.
Clearwater River Dene Nation,
Métis Nation Saskatchewan (MN‐S) including as on behalf of the Locals of MN‐S Region II,
Birch Narrows Dene Nation,
Buffalo River Dene Nation.
The Study Agreements enable NexGen to formally engage with the communities to identify potential impacts
to Aboriginal and treaty rights and socio‐economic interests and identify potential avoidance and
accommodation measures in relation to the Project whilst acknowledging the duty to consult remains with the
Crown.
NexGen and the communities have committed to establish respective joint working groups to support the
inclusion of each community’s traditional knowledge throughout the Environmental Assessment process
and incorporating Traditional Land Use and Dietary studies that are designed, scoped and completed by each of
the respective communities.
NexGen will provide funding for all aspects of the above including the joint working groups to lead, review and
independently confirm all studies for inclusion into the Environmental Assessment.
Further, the Study Agreements commit the Parties to negotiate Impact Benefit Agreements in good faith and as
early in the regulatory process as possible to allow the Parties greater certainty, including certainty that current
and future potential concerns between the Parties can be addressed through the processes set out in the
Impact Benefit Agreement.
These Study Agreements also formally reflect the continued commitment of the community initiatives and
programs NexGen have conducted since 2013 resulting in substantial local employment at the Project site
and numerous community programs including but not limited to those listed below, such as:
Full‐time employment opportunities for citizens of the communities,
Summer student employment programs for high‐school and post‐secondary students,
Training opportunities including on‐the‐job training such as the driller training program,
Support for post‐secondary education through scholarships,
Procurement opportunities for goods and services, by tendering opportunities with the
communities,
Support of youth through education and recreation, school water fountains, bursaries, breakfast
club, financial support for management of the recreational activities, participation in cultural days,
sponsorship of hockey and volleyball teams, recreational programming and warm winter school
apparel.
Leigh Curyer, Chief Executive Officer, commented: “The signing of the Study Agreements reflects the long‐
standing respect, trust and confidence between NexGen and our valued local communities within the project
area where we are advancing the Rook I Project. The agreements provide very clear processes for important
cultural components to be identified and incorporated optimally into the Environmental Assessment which
advances the foundation of successfully developing this exciting project collaboratively.
I would like to take the opportunity to personally acknowledge the outstanding commitment and
professionalism of the respective community leaders and advisors in their stewardship of this process to date.
Since drilling commenced in 2013, the Company has appreciated the collaborative approach, which is setting
new standards globally for genuine and effective consultation and engagement. NexGen is looking forward to
the next stage of negotiating and concluding the Impact Benefit Agreements which will formally reflect
community initiatives and collaboration for the success of all.”
Map 1: Rook I Project location and communities
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 record in the discovery of uranium deposits and i n d e v e l o p i n g p r o j e c t s t h r o u g h d i s c o v e r y t o
production.
NexGen owns a 100% interest in Rook I, location of the Arrow De posit discovered in February 2014, the Bow
discovery in March 2015, the Harpoon discovery in August 2016 and the Arrow South discovery in July 2017,
including an expansive portfolio of prospective uranium explora tion assets in
the Athabasca Basin, Saskatchewan, Canada. NexGen is the recipi ent of the PDAC's 2018 Bill Dennis Award and
the 2019 Environmental and Social Responsibility Award.
Contact Information
Leigh Curyer
Chief Executive Officer
NexGen Energy Ltd.
+1 604 428 4112
www.nexgenenergy.ca
Travis McPherson
Vice President Corporate Development
NexGen Energy Ltd.
+1 604 428 4112
http://www.nexgenenergy.ca
Technical Disclosure
The technical information in this news release with respect to the PFS has been reviewed and approved by Paul
O’Hara, P.Eng. of Wood., David Robson, P.Eng., M.B.A., and Jason Cox, P.Eng. of RPA, each of whom is a “qualified
person” under National Instrument 43‐101 – Standards of Disclosure for Mineral Projects (“NI‐43‐101”).
The Mineral Resource Estimate was completed by Mr. Mark Mathise n, C.P.G., Senior Geologist at RPA and Mr.
David Ross, P.Geo., Director of Resource Estimation and Principal Geologist at RPA. Both are independent
Qualified Persons in accordance with the requirements of National Instrument (NI) 43‐101 and they have
approved the disclosure herein. All other technical information in this news release has been approved by Mr.
Troy Boisjoli, Geoscientist Licensee, Vice President – Operations & Project Development for NexGen. Mr. Boisjoli
is a qualified person for the purposes of NI 43‐101 and has verified the sampling, analytical, and test data
underlying the information or opinions contained herein by revi ewing original data certificates and monitoring
all of the data collection protocols. All other technical info rmation in this news release has been approved by
Mr. James Hatley, a Professional Engineer, Senior Vice‐President – Project Development for NexGen. Mr. Hatley
is a qualified person for the purposes of NI 43‐101 and has reviewed the underlying the information or opinions
contained herein on mine design.
A technical report in respect to the PFS 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).
SEC Standards
Estimates of mineralization and other technical information inc luded or referenced in this news release have
been prepared in accordance with NI 43‐101. The definitions of proven and probable mineral reserves used in NI
43‐101 differ from the definitions in SEC Industry Guide 7. Und er SEC Industry Guide 7 standards, a “final” or
“bankable” feasibility study is required to report reserves, th e three‐year historical average price is used in any
reserve or cash flow analysis to designate reserves and the pri mary environmental analysis or report must be
filed with the appropriate governmental authority. As a result, the reserves reported by the Company in
accordance with NI 43‐101 may not qualify as “reserves” under S EC standards. In addition, the terms “mineral
resource”, “measured mineral resource”, “indicated mineral resource” and “inferred mineral resource” are
defined in and required to be disclosed by NI 43‐101; however, these terms are not defined terms under SEC
Industry Guide 7 and normally are not permitted to be used in reports and registration statements filed with the
SEC. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Investors are
cautioned not to assume that any part or all of the mineral dep osits in these categories will ever be converted
into reserves. “Inferred mineral resources” have a great amount of uncertainty as to their existence, and great
uncertainty as to their economic and legal feasibility. It cann ot be assumed that all or any part of an inferred
mineral resource will ever be upgraded to a higher category. Under Canadian securities laws, estimates of
inferred mineral resources may not form the basis of feasibilit y or pre‐feasibility studies, except in rare cases.
Additionally, disclosure of “contained pounds” in a resource is permitted disclosure under Canadian securities
laws; however, the SEC normally only permits issuers to report mineralization that does not constitute “reserves”
by SEC standards as in place tonnage and grade without referenc e to unit measurements. Accordingly,
information contained or referenced in this news release containing descriptions of the Company’s mineral
deposits may not be comparable to similar information made publ ic by U.S. companies subject to the reporting
and disclosure requirements of United States federal securities laws and the rules and regulations thereunder.
Technical Information
For details of the Rook I Project including the quality assuran ce program and quality control measures applied
and key assumptions, parameters and methods used to estimate the Mineral Resource please refer to the
t e c h n i c a l r e p o r t e n t i t l e d " A r r o w D e p o s i t , R o o k I P r o j e c t S a s k a tchewan NI 43‐101 Technical Report on Pre‐
feasbility Study" dated effective 5 November, 2018 (the "Rook 1 Technical Report") prepared by Paul O’Hara,
P.Eng., Jason J. Cox, P.Eng., David M. Robson, P.Eng., M.B.A., Mark B. Mathisen, C.P.G. each of whom is a
"qualified person" under NI 43‐101. The Rook I Technical Report is available for review under the Company's
profile on SEDAR at www.sedar.com and EDGAR (www.sec.gov/edgar.shtml) providing details of the Rook I
Project including the quality assurance program and quality control measures applied and key assumptions,
parameters and methods used to estimate the Mineral Resource an d is available on NexGen Energy’s website
(www.nexgenenergy.ca).
Forward‐Looking Information
The information contained herein contains "forward‐looking statements" within the meaning of the United States
Private Securities Litigation Reform Act of 1995 and "forward‐l ooking information" within the meaning of
applicable Canadian securities legislation. "Forward‐looking in formation" includes, but is not limited to,
statements with respect to the activities, events or developments that the Company expects or anticipates will or
may occur in the future. 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.
Forward‐looking information and statements are based on the the n current expectations, beliefs, assumptions,
estimates and forecasts about NexGen's business and the industr y and markets in which it operates. Forward‐
looking information and statements are made based upon numerous assumptions, including among others, that
the proposed transaction will be completed, the results of plan ned exploration activities are as anticipated, the
price of uranium, the cost of planned exploration activities, t hat financing will be avail able if and when needed
and on reasonable terms, that third party contractors, equipmen t, 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 providi ng forward looking information or making
forward looking statements are considered reasonable by managem ent at the time, 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, uncertainty of the availability of additional financing, the risk that pending assay results will not
confirm previously announced preliminary results, imprecision of mineral resource estimates, the appeal of
alternate sources of energy and sustained low uranium prices, aboriginal title and consultation issues, exploration
risks, reliance upon key management and other personnel, defici encies in the Company's title to its properties,
uninsurable risks, failure to manage conflicts of interest, failure to obtain or maintain required permits and
licenses, changes in laws, regulations and policy, competition for resources and financing, and other factors
discussed or referred to in the Company's Annual Information Form dated March 4, 2019 under "Risk Factors".
Although the Company has attempted to identify important factors that could cause actual results to differ
materially from those contained in the forward‐looking informat ion or implied by forward‐looking information,
there may be other factors that cause results not to be as anticipated, estimated or intended.
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.
SOURCE NexGen Energy Ltd.