Nexgen Energy rises as uranium mining project submission completes

Nexgen Energy

21/08/2023 15:14

** Uranium exploration and development company Nexgen Energy
shares  NEX.TO  up ~4% at C$6.86
    ** Co announces submission of final Provincial Environmental
Impact statement to the Saskatchewan Ministry of Environment for
the 100% owned Rook I Project, located in the uranium-rich
district of Saskatchewan's southwestern Athabasca Basin
 urn:newsml:reuters.com:*:nFWN3A10M7
    ** Athabasca Basin supplies about 20% of the world's
high-grade uranium
    ** Rook I Project includes underground and surface
facilities to support mining and processing of uranium ore from
the Arrow Deposit
    ** Raymond James maintains outperform rating on NEX, PT
C$9.00
    ** NEX is well financed in the near term to develop the Rook
I Project; note  strong  Indigenous  support  for  the Project
through signed Benefit Agreements - Raymond James 
    ** Company's shares up 13.5% YTD

 (Reporting by Seher Dareen in Bengaluru)
 ((Seher.Dareen@thomsonreuters.com;))