VANCOUVER, BC, May 1, 2023
/PRNewswire/ - NexGen Energy Ltd. ("NexGen" or the
"Company") (TSX: NXE) (NYSE: NXE) (ASX: NXG) is pleased to
announce the release of its 2023 Q1 Financial Statements and
Management Discussion & Analysis before market open on
Thursday, May 4, 2023.
Given the advanced stage of the Company's Rook I Project, NexGen
will be hosting quarterly conference calls going forward, with its
first to be held on Thursday, May 4,
2023 at 7:30AM (ET).
Management will discuss the results, strategy and development of
the Rook I Project and a question-and-answer session will
follow.
Conference Call Details:
Date: Thurday, May
4, 2023
Time: 7:30AM Eastern Standard Time
Dial in Number:
International Toll: (+1) 416-764-8659
North America Toll Free:
1-888-664-6392
A replay will be available on the NexGen website under Events
& Presentations. Further information is available at
www.nexgenenergy.ca.
About NexGen
NexGen Energy is a Canadian company focused on delivering clean
energy fuel for the future. The Company's flagship Rook I Project
is being optimally developed into the largest low-cost producing
uranium mine globally, incorporating the most elite environmental
and social governance standards. The Rook I Project is supported by
a NI 43-101 compliant Feasibility Study which outlines the elite
environmental performance and industry-leading economics. NexGen is
led by a team of experienced uranium and mining industry
professionals with expertise across the entire mining life cycle,
including exploration, financing, project engineering and
construction, operations, and closure. NexGen is leveraging
its proven experience to deliver a Project that socially,
technically and environmentally leads the entire mining industry.
The Project and prospective portfolio in northern Saskatchewan will provide generational
long-term economic, environmental, and social benefits for
Saskatchewan, Canada, and the
world.
NexGen is listed on the Toronto Stock Exchange, the New York
Stock Exchange under the ticker symbol "NXE," and on the Australian
Securities Exchange under the ticker symbol "NXG," providing access
to global investors to participate in NexGen's mission of solving
three major global challenges in decarbonization, energy security
and access to power. The Company is headquartered in Vancouver, British Columbia, with its primary
operations office in Saskatoon,
Saskatchewan.
Cautionary Note to U.S. Investors
This news release includes Mineral Reserves and Mineral
Resources classification terms that comply with reporting standards
in Canada and the Mineral Reserves
and the Mineral Resources estimates are made in accordance with NI
43-101. NI 43-101 is a rule developed by the Canadian Securities
Administrators that establishes standards for all public disclosure
an issuer makes of scientific and technical information concerning
mineral projects. These standards differ from the requirements of
the Securities and Exchange Commission ("SEC") set by the SEC's
rules that are applicable to domestic United States reporting
companies. Consequently, Mineral Reserves
and Mineral Resources information included in this news release is
not comparable to similar information that would generally be
disclosed by domestic U.S. reporting companies subject to the
reporting and disclosure requirements of the SEC Accordingly,
information concerning mineral deposits set forth herein may not be
comparable with information made public by companies that report in
accordance with U.S. standards.
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. "Forward-looking
information" includes, but is not limited to, statements with
respect to mineral reserve and mineral resource estimates, the 2021
Arrow Deposit, Rook I Project and estimates of uranium production,
grade and long-term average uranium prices, anticipated effects of
completed drill results on the Rook I Project, planned work
programs, completion of further site investigations and engineering
work to support basic engineering of the project and expected
outcomes. 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. Statements
relating to "mineral resources" are deemed to be forward-looking
information, as they involve the implied assessment that, based on
certain estimates 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 NexGen's business and the industry and markets in
which it operates. Forward-looking information and statements 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
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 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 Canadian 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 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, 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 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 February 24, 2023
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,
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
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.
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SOURCE NexGen Energy Ltd.