NexGen Energy Ltd.

NexGen Energy Ltd. is a uranium exploration and development company with a portfolio of high-impact projects that span the Athabasca Basin in Saskatchewan, Canada. The company's flagship asset is the land-based Arrow zone at its 100%-owned Rook 1 project. Arrow is developing into a world-class, high-grade uranium project. Additionally, in 2015, NexGen discovered a new mineralized area 3.7 km northeast of Arrow called Bow. The company is solely targeting large and high-grade uranium assets. NexGen is led by a proven team with mineral exploration, development and production experience.

Expert Comments:

Rob Chang, Cantor Fitzgerald (9/11/17)
"NexGen Energy Ltd. has announced that it has entered into a purchase agreement to acquire the remaining 40% interest of the Dufferin Lake property in Saskatchewan. . .upon closing of the transaction, the company will hold a 100% interest in the property. . .closing is expected to be on or about Sept. 18, 2017."

Gwen Preston, Resource Maven (8/23/17)
"NexGen Energy Ltd. is performing just the way a low-risk holding should: maintaining its value while advancing its world-class asset. . .thankfully for the company and its shareholders, the Arrow project is lined up to develop into a mine just as demand starts to seriously outstrip supply. NexGen belongs in every resource investor's portfolio."

Brian MacArthur, Raymond James (8/15/17)
"We are resuming coverage of NexGen Energy Ltd. with an Outperform rating and a CA$4.75/share target price, implying a 63% return. . .given the high grade, low jurisdictional risk and favorable geometry in bedrock, we believe Arrow is one of the best undeveloped uranium deposits in the world. . .we believe the company is well financed with about CA$190M in cash."

NexGen Energy Ltd. has a spectacular—I'll call it a discovery—but it's actually a very large, growing high-grade deposit in the Athabasca Basin in northwestern Saskatchewan. In 2014, Resource Opportunities picked up coverage on NexGen Energy during that terrible bear market. It was a little junior with a land position in the Athabasca Basin, and the stock was at $0.30. For a long time nobody else covered it. But it started hitting these spectacular, high-grade intercepts, and it's been quite a success story. The stock is now at $2.73. NexGen just came out with a preliminary economic assessment on the Arrow deposit showing very strong economics, including an after-tax internal rate of return of 57% (at an 8% discount rate). For some perspective, Cameco, the Canadian uranium company, is one of the world's largest producers, producing something like 15% of annual global supply. The PEA that NexGen just came out with shows that in the first five years of Arrow's mine life, NexGen would produce more uranium annually than Cameco does now. NexGen is really positioned to take a dominant place in the world's uranium sector. The world's largest mining companies are all keeping a close eye on it. The stock price has performed in a terrible market for uranium, and I think there's upside from these levels. If NexGen gets taken over, the company that owns and develops Arrow will have a dominant position in the global uranium market. So it is quite a large prize." read more >

Analysts following a Canadian company that recently released a preliminary economic assessment of its uranium prospects in the Athabasca Basin are all aglow with the results.
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Peter Arendas, Seeking Alpha (8/3/17)
"NexGen Energy Ltd. released results of the long awaited PEA for its world-class Arrow uranium project. The results definitely haven't disappointed. . .the Arrow mine should be large enough not only to become the biggest uranium mine in the world but also to make NexGen Energy the second biggest uranium producer in the world. . .based on the exceptional exploration results, NexGen Energy has been a natural acquisition target for some time now. After the PEA, it became a red-hot acquisition target. NexGen Energy is a uranium industry major player in the making."

David Davidson, Paradigm Capital (8/1/17)
"For the remainder of 2017, NexGen Energy Ltd. plans to complete the summer drill program, various technical studies and compile the 2017 assays to update the resource model. . .we are raising our net asset value to $5.10/share (from $3.57/share) and increasing our target price to $5 (from $3.60). We reiterate our Buy recommendation."

Winter drilling in the Athasbasca Basin has revealed significant mineralization and off-scale radioactivity, as well as the opportunity for mineral resource expansion, and analysts now await the preliminary economic assessment that is expected shortly.
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Drill results from NexGen Energy's A3 Zone of the Arrow project have significantly expanded the zone to the northeast and have discovered massive pitchblende.
read more >

More Expert Comments

Experts Following This Company

Mick Carew, Analyst – Haywood Securities
Rob Chang, Senior Analyst and Head of Metals & Mining – Cantor Fitzgerald
David Davidson – Paradigm Capital
Matt Geiger, General Partner – MJG Capital
Colin Healey, Analyst – Haywood Securities
James Kwantes Resource Opportunities
Brian MacArthur, Analyst – UBS Securities
Gwen Preston, Founder Resource Maven
Jamie Spratt, Analyst – Clarus Securities
David Talbot, Vice President, Senior Analyst – Eight Capital

The information provided above is from analysts, newsletters, the company and other contributors.

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Investing Highlights
World-Class Uranium Asset In Athabasca Basin
Large, High-Grade, Basement-Hosted and 100% Land-Based
Proven Management with Exploration, Development and Production Experience