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VANCOUVER - NexGen Energy Ltd. (TSX:NXE) (NYSE:NXE) (ASX:NXG), a uranium development company with a market capitalization of $5.2 billion, announced today it has launched an approximately C$800 million equity financing to advance its Rook I uranium project. According to InvestingPro data, the company’s stock is trading near its 52-week high of $9.43, having delivered an impressive 95% return over the past six months.
The financing consists of two components: a C$400 million bought deal offering of 33.1 million common shares in North America at C$12.08 per share, and an AUD$400 million (approximately C$369 million) underwritten offering of 30.5 million shares in Australia at the equivalent price. This significant capital raise comes as InvestingPro analysis shows the company operating with a moderate debt level and a current ratio of 0.75, indicating the importance of strengthening its financial position.
Merrill Lynch Canada Inc. is leading the North American syndicate, while Aitken Mount Capital Partners Pty Ltd is underwriting the Australian portion with Canaccord Genuity (Australia) Limited serving as joint lead manager.
According to the company’s statement, proceeds will fund engineering advancement of the Rook I Project, pre-production capital costs, and general corporate purposes.
The North American shares will be offered via a short form prospectus in most Canadian provinces and territories, and in the United States through a registration statement. Australian shares will be issued to "sophisticated" and "professional" investors as defined under Australian securities law.
The offering is expected to close around October 15, 2025, subject to regulatory approvals from the Toronto Stock Exchange and New York Stock Exchange.
NexGen describes its flagship Rook I Project as being developed into "the largest low-cost producing uranium mine globally." The company’s shares are listed on the Toronto Stock Exchange, New York Stock Exchange, and Australian Securities Exchange.
Trading of NexGen’s CHESS Depositary Interests on the ASX is expected to remain halted until the Australian bookbuild concludes, anticipated before market opening on Monday, October 6.
This article is based on a press release statement from NexGen Energy.
In other recent news, NexGen Energy Ltd reported its second-quarter earnings for 2025, highlighting significant progress in uranium exploration and development. The company disclosed an earnings per share (EPS) of -$0.1018, which did not meet the forecasted -$0.0232, resulting in a surprise of 338.79%. Despite this earnings shortfall, NexGen Energy emphasized its strong cash position and strategic advancements in uranium exploration during the earnings call. Meanwhile, Kazatomprom, the world’s largest uranium producer, announced a reduction in its nominal production target for 2026. Scotiabank analyst Orest Wowkodaw interpreted this reduction as a positive development for uranium markets, suggesting future production will be lower than previously estimated. These recent developments are crucial for investors keeping an eye on the uranium sector.
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