NexGen Energy upsizes offering to raise C$400M and A$600M

VANCOUVER - NexGen Energy Ltd. (TSX:NXE) (NYSE:NXE) (ASX:NXG), currently trading near its 52-week high of $9.43 with a market capitalization of $5.2 billion, announced Thursday it has upsized its previously announced equity offering to raise approximately C$400 million in North America and A$600 million in Australia. According to InvestingPro data, the company has shown remarkable momentum with a 96% return over the past six months.

The uranium development company has entered an amended underwriting agreement with Aitken Mount Capital Partners to fully underwrite 45.8 million Australian common shares at A$13.10 per share. Concurrently, a syndicate of underwriters led by Merrill Lynch Canada will purchase 33.1 million common shares at C$12.08 per share through a bought deal offering in North America. With a current ratio of 0.75 and moderate debt levels, this capital raise comes at a crucial time for the company’s development plans.

NexGen plans to use the proceeds to advance engineering of its Rook I Project, fund pre-production capital costs, and for general corporate purposes.

The Australian shares will be issued to "sophisticated investors" and "professional investors" without disclosure under the Australian Corporations Act, while 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.

The offerings are expected to close around October 15, 2025, subject to regulatory approvals from the Toronto Stock Exchange and New York Stock Exchange. The North American and Australian offerings are not conditional upon each other’s completion.

NexGen is developing the Rook I Project in northern Saskatchewan, which the company describes as being positioned to become a major low-cost uranium producer. While the company is not yet profitable, InvestingPro analysis reveals 12 additional key insights about NexGen’s financial health and market position, available through the comprehensive Pro Research Report.

The information in this article is based on a press release statement issued by NexGen Energy.

In other recent news, NexGen Energy Ltd. announced an approximately C$800 million equity financing to support the advancement of its Rook I uranium project. This financing is divided into a C$400 million bought deal offering in North America and an AUD$400 million underwritten offering in Australia. In its second-quarter earnings report for 2025, NexGen Energy revealed an earnings per share of -$0.1018, which was below the expected -$0.0232, missing the forecast by 338.79%. Despite this earnings miss, the company highlighted its strong cash position and progress in uranium exploration and development. Additionally, uranium markets received a boost as Kazatomprom, a major uranium producer, cut its 2026 production forecast, which analysts at Scotiabank viewed positively. This reduction in production targets is expected to impact future supply levels. These developments have positioned NexGen Energy prominently in recent market activities.

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