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2 clusters · 2 sources · 10 days · First seen · Last updated

NexGen Energy uranium projects in Canada

Overview

NexGen Energy has initiated construction on the Rook I uranium mining project in Saskatchewan, Canada. The project aims for an annual production of approximately 30 million pounds of uranium concentrate and is being developed amid rising global demand for nuclear energy. The company is seeking to raise $1 billion in capital through various financing methods and is maintaining technical dialogue with BHP.

In addition to the Rook I construction, NexGen has reported significant expansion of high-grade uranium mineralization at its Patterson Corridor East (PCE) discovery in the Athabasca Basin. Recent drilling has extended the high-grade zone vertically by 94 metres, reaching a total vertical extent of 644 metres. Following these results, the company is expanding its exploration program by adding a fifth drill rig to the PCE site.

Entities

Patterson Corridor East · BHP · Leigh Curyer · Saskatchewan Research Council · Athabasca Basin

Timeline

  1. 16 days ago

    [BUSINESS] 2 sources
    NexGen Energy expands high-grade uranium zone in Saskatchewan

    NexGen Energy has expanded its high-grade uranium zone at the Patterson Corridor East discovery in Saskatchewan, prompting the addition of a fifth drill rig to its exploration program.

  2. 25 days ago

    [BUSINESS] 8 sources
    NexGen Energy begins construction on major Canadian uranium mine

    NexGen Energy has begun construction on Canada's Rook I uranium mine and is seeking $1 billion in capital while maintaining ongoing technical discussions with mining giant BHP.

Sources

canadianminingjournal.com · mugglehead.com