NexGen Energy launches dual public offerings to fund uranium project

NexGen Energy Ltd. announced two concurrent public offerings on October 2, 2025. An Australian offering aims to distribute 45,801,527 common shares (including CHESS Depositary Interests) at A$12.08 per share, generating gross proceeds of A$553,020,003.40. Concurrently, a North American offering will distribute 33,112,583 common shares at C$12.08 per share, raising C$400,000,002.64.

The estimated net proceeds from both offerings, totaling C$909 million, are primarily allocated to engineering (C$75 million), Rook I pre-production capital costs (C$744 million, including C$295 million for long-lead procurement and C$449 million for major construction), and general corporate purposes (C$90 million).

The Australian offering is fully underwritten by Aitken Mount Capital Partners Pty Ltd as sole underwriter, joint bookrunner, and joint lead manager, alongside Canaccord Genuity (Australia) Limited. The North American offering is underwritten by a syndicate including Merrill Lynch Canada Inc., Stifel Nicolaus Canada Inc., J.P. Morgan Securities Canada Inc., BMO Nesbitt Burns Inc., National Bank Financial Inc., RBC Dominion Securities Inc., and Canaccord Genuity Corp.

The completion of each offering is not conditional upon the other. The Rook I Project is NexGen’s principal asset, with the company seeking to complete its development into production. All dollar amounts remain in Canadian dollars, except where Australian dollars are specified, reflecting the original offering terms.