Nexgen Energy Ltd is a forward-thinking mining company focused on the exploration and development of uranium projects in Canada
With a commitment to sustainable energy solutions, it aims to harness the benefits of nuclear power by tapping into high-quality uranium deposits. The company is primarily centered around its flagship asset, which is designed to provide significant resources in the context of rising global energy demands, particularly as discussions about cleaner energy sources intensify. Nexgen Energy is dedicated to advancing its projects with a focus on safety, community engagement, and environmental stewardship, positioning itself as a key player in the future of nuclear energy.
NexGen Energy Ltd. is a uranium exploration and development company based in Vancouver, British Columbia. They focus on high-impact projects in the Athabasca Basin in Saskatchewan, Canada.
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PALM BEACH, Fla., Sept. 11, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - Uranium markets are seen to be significantly growing by most experts, for years to come. One such expert, Statista, said: “In line with the rise of nuclear energy since the 1950's, uranium has become a pivotal commodity. This is especially true for countries that are highly dependent on nuclear energy to fulfill their domestic energy needs. Kazakhstan is the largest single producer of uranium in the world by a significant margin. Other top uranium producers include Canada, Namibia, and Australia. The world’s largest uranium producing mine is Cigar Lake in Canada. The leading consumers of uranium worldwide are the countries with the highest share of nuclear energy: the United States, China, and France. The U.S. used nearly 18,050 metric tons of uranium in 2022. That was more than twice as much as France, which ranked third. Although there are global tendencies towards alternative energies, the worldwide nuclear energy consumption has remained consistent over the past decade. This suggests that uranium will likely continue to be an important commodity for decades to come. And another industry watcher Sprott added: “Geopolitical tensions and supply uncertainties persist, influencing uranium supply dynamics. Despite these challenges, global demand remains robust, driven by nuclear reactor restarts and new builds, supporting a sustained bullish outlook for uranium.” Active mining companies in the markets this week include Stallion Uranium Corp. (OTCQB: STLNF) (TSX-V: STUD), Mustang Energy Corp. (CSE: MEC), NexGen Energy Ltd. (NYSENXE), CanAlaska Uranium Ltd. (OTCQX: CVVUF) (TSX-V: CVV), FISSION URANIUM CORP. (OTCQX: FCUUF) (TSX: FCU).
Uranium prices have experienced a significant surge, climbing from below US$60/lb to over US$107/lb in the past 18 months. While prices have recently dipped, Citi remains “tactically bullish,” predicting a rebound. Citi projects uranium could reach US$98/lb later this year and average US$94/lb, with a peak target of US$98/lb. Looking ahead to 2025, prices are … Continue reading "Uranium Prices Set for a Comeback, Says Citi"
Uranium output is expected to drop this year in the world’s third-largest uranium producing country, Namibia, due to strip mining activities and severe drought. Despite these challenges, the global uranium market is set to grow, with production gains expected from key players like Kazakhstan and Canada. Kazakhstan’s output is rebounding to 23.2 kilotonnes, while Canada’s … Continue reading "Global Uranium Market Heats Up as Namibia Faces Production Decline Amid Rising Demand"
NexGen Energy has announced that construction costs for its Rook I uranium project in Saskatchewan have soared nearly 70% above the previous estimate from 2021.
PALM BEACH, Fla., July 10, 2024 (GLOBE NEWSWIRE) -- FinancialNewsMedia.com News Commentary - Many recent reports project significant growth in the Global Nuclear Power Market. A report from Cognitive Market Research said that the Global Nuclear Power Market is witnessing significant growth in the near future. The report added: “In 2023, the Pressurized Water Reactor (PWR) segment accounted for a noticeable share of global Nuclear Power Market and is projected to experience significant growth in the near future. The Electric Power Generation segment is expected to expand at the significant CAGR retaining position throughout the forecast period.” An additional report from IBIS World mentioned: “Nuclear power companies produce electricity by heating water in a reactor via nuclear fission and using the produced steam to spin large turbines. The United States has more nuclear electricity generation capacity than any other country, generating more than 771.5 billion kilowatt-hours of electricity alone, according to the Energy Information Administration's (EIA) most recent Electric Power Monthly report.” In an article published by Financial Gambits: “The recent sanctions on Russian uranium imports have disrupted global supply chains, increasing the reliance on domestic and allied sources. The US government has shown strong support for domestic uranium production, with significant investments in nuclear energy infrastructure and policy support for new projects. As a matter of fact, the U.S. federal government said it would provide a $1.5 billion loan to restart a nuclear power plant in southwestern Michigan last month. Holtec International acquired the 800-megawatt Palisades plant in 2022 with plans to dismantle it. But now the emphasis is on restarting it by late 2025, following support from the state of Michigan and the Biden administration. Right now the U.S. is the world’s largest producer of nuclear power but the problem is that it imports 90% of its annual uranium requirement. For a long time now the U.S. has heavily relied on Russia, Kazakhstan, and Uzbekistan for nearly 50% of its uranium supply. This won't be the case for too long however, considering that on April 30, the Senate voted to approve legislation banning the import of enriched uranium from Russia.” Active Mining Companies in the industry include: Panther Minerals Inc. (OTCPK: GLIOF) (CSE: PURR), NexGen Energy Ltd. (NYSENXE), CanAlaska Uranium Ltd. (OTCQX: CVVUF) (TSX-V: CVV), Forum Energy Metals Corp. (OTCQB: FDCFF) (TSX-V: FMC), District Metals Corp. (TSX-V: DMX).
On behalf of Generation Uranium Inc. Canada is on track to reclaim its position as the world’s largest uranium producer, a title it lost to Kazakhstan in 2009. In 2022, Canada produced 15% of the global uranium supply and became the top supplier to the US by 2023, delivering 27% of its uranium. With uranium … Continue reading "Canada Poised to Reclaim Title as World’s Largest Uranium Producer"
Uranium producers including Cameco and Denison Mines are surging Friday following news that the U.S. government will ask companies to bid next month on contracts for as much as $3.4B of domestically produced nuclear reactor fuel.
