Canada's NexGen Energy up after signing uranium deals with US utilities

Nexgen Energy

04/12/2024 12:55

** U.S.-listed shares of Canadian uranium miner NexGen
Energy  NXE.N  rise 5.8% to $8.59 premarket
    ** Company signs uranium sales agreements for 5 mln pounds
with multiple U.S.-based utilities
    ** "Energy demand from reliable sources is increasing...
with the need to expand existing nuclear energy infrastructure
and the construction of power consuming data centers at a time
the security of uranium supply is under significant technical
and sovereign risk" - CEO Leigh Curyer 
    ** NXE says it is also in discussions with additional U.S.,
European and Asian utilities for similar contracts
    ** As of last close, stock up 16% YTD

 (Reporting by Pooja Menon in Bengaluru)
 ((Pooja.Menon@thomsonreuters.com;))