NexGen Secures $30 Million to Advance Its Arrow Uranium Project
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NexGen Energy Ltd. has entered into a binding agreement with Queen’s Road Capital Investment Ltd. for a financing package totalling US$30 million.
“We welcome QRC as a new shareholder of NexGen. QRC is becoming a leading financier to the global resources sector in portfolio companies incorporating elite standards of ESG. QRC complements NexGen’s existing well respected shareholder base of long term committed supporters of the company,” said Leigh Curyer, chief executive officer of NexGen.
“NexGen’s commitment to deliver highly positive impacts to as many people as possible covering economic, health, community and government through the optimal development of the Arrow Project, particularly in these times, is reflective of its leading organizational culture,” added Curyer.
“I am excited to announce QRC’s investment into NexGen. QRC seeks to invest in world-class mineral resource assets in safe jurisdictions and the Arrow Project, as the world’s largest to-be-developed high-grade uranium deposit located in Saskatchewan, Canada, meets that criteria. I have been a director of NexGen since 2017 and today’s financing will ensure the company continues to successfully advance the exciting Arrow Project towards production,” said Warren Gilman, chairman and chief executive officer of Queen’s Road Capital.
About NexGen
NexGen is a British Columbia corporation with a focus on the acquisition, exploration and development of Canadian uranium projects. NexGen has a highly experienced team of uranium industry professionals with a successful track record in the discovery of uranium deposits and in developing projects through discovery to production.
NexGen owns a portfolio of prospective uranium exploration assets in the Athabasca Basin, Saskatchewan, Canada; including a 100 percent interest in Rook I, location of the Arrow Deposit discovered in February 2014, the Bow discovery in March 2015, the Harpoon discovery in August 2016 and the Arrow South discovery in July 2017. NexGen is the recipient of the PDAC’s 2018 Bill Dennis Award and the 2019 Environmental and Social Responsibility Award.
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