NXG - NexGen Energy (Canada)

[houtman]

@debtfree

NXG has made some headway with the approvals and permits process.

As announced 20/11/24 - .....The CNSC has provided NexGen formal confirmation that the Company has successfully addressed all information requests received as part of the Federal technical review....

No word on when the Commission hearing will be heard as yet, but at the current rate of proceedings I'd suggest a similar time frame to the 1/2 life of U235.

 

[houtman]

This doesn't look good in at least the short term for NXG.

The Uranium boffins were expecting an extra 30m lbs/yr from NXG, could be some delays.

We'll see if it affects the U price, not held.

On February 28, 2025, the Supreme Court of Canada (SCC) issued a unanimous 9-0 ruling dismissing an appeal from the Saskatchewan government, allowing the Métis Nation–Saskatchewan (MN-S) to proceed with a lawsuit against the province.

The lawsuit centers on uranium exploration permits granted to NexGen Energy Ltd. in July 2021 for a mineral exploration project near Patterson Lake in northwest Saskatchewan.

MN-S alleges that the province failed to adequately consult them, asserting Aboriginal title and rights to the affected land. This ruling has potential implications for uranium development in the region, a key area for Canada’s uranium industry, and could influence future project timelines, costs, and global uranium prices.

 

[finicky]

A positive response to a subscriber question on Market Matters W/E edition about NXG. Was taking a mild interest but the above post by houtman about indigenous interference put paid to that.

Weekend Q&A: The market is unchanged in four months; it doesn’t feel like it! - Market Matters

Weekend Q&A: The market is unchanged in four months; it doesn’t feel like it! Market Matters - ASX buy recommendations

marketmatters.com.au

"NexGen (NXG): we like this $5bn Canadian based uranium exploration and development company, and it has a phenomenal asset base, but like the whole space its struggled over the last 12-months. NXG is advancing the Rook I Project, which hosts the high-grade Arrow Deposit, discovered in 2014. This deposit is one of the largest development-stage uranium deposits in the world. The risk/reward looks great below $9. While we’ve been wrong with the nuclear theme of late, we retain our very bullish bias towards the sector. "

Not Held

 

[houtman]

A positive response to a subscriber question on Market Matters W/E edition about NXG. Was taking a mild interest but the above post by houtman about indigenous interference put paid to that.

Weekend Q&A: The market is unchanged in four months; it doesn’t feel like it! - Market Matters

Weekend Q&A: The market is unchanged in four months; it doesn’t feel like it! Market Matters - ASX buy recommendations

marketmatters.com.au

"NexGen (NXG): we like this $5bn Canadian based uranium exploration and development company, and it has a phenomenal asset base, but like the whole space its struggled over the last 12-months. NXG is advancing the Rook I Project, which hosts the high-grade Arrow Deposit, discovered in 2014. This deposit is one of the largest development-stage uranium deposits in the world. The risk/reward looks great below $9. While we’ve been wrong with the nuclear theme of late, we retain our very bullish bias towards the sector. "

Not Held

As a sector I find most of them have some sort of question mark, either development risk, country risk, weather, acid supply etc, all too hard for me, so I just went URNM.
Don't have to keep an eye on them all then, just need U price up.

 

[IvoryWolf]

Here’s a potential trade for Nexgen Energy (Canada) Limited (NXG) that appeared in the weekly scans this week - further details available at the TradingView link through the linking page below:

Steven Haas (IvoryWolf)

Active trading of ASX/US stocks and crypto markets - subscribe for regular trade suggestions and discussions with an active, supportive community!

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