NexGen Energy launches C$953m equity financing for Rook I Project

NexGen Energy Ltd. announced a dual equity financing, comprising an Australian offering of 45,801,527 common shares at A$12.08 per share, raising gross proceeds of A$553,020,003.40, and a North American offering of 33,112,583 common shares at C$12.08 per share, yielding gross proceeds of C$400,000,002.64. The total proceeds from both offerings are expected to be C$953,020,006.04.

The Australian offering was upsized to A$600 million and fully underwritten by Aitken Mount Capital Partners Pty Ltd, with Canaccord Genuity (Australia) Limited acting as joint lead manager and bookrunner. The North American offering is underwritten by a syndicate led by Merrill Lynch Canada Inc. Both offerings are set to close around October 15, 2025.

Net proceeds from both offerings, estimated at C$909 million after deducting underwriting fees and expenses, are earmarked for advancing the Rook I Project. This includes C$75 million for engineering, C$744 million for pre-production capital costs, and C$90 million for general corporate purposes.