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An update from NexGen Energy ( (TSE:NXE) ) is now available.
NexGen Energy Ltd. has announced the start of an expanded 43,000-meter drill program at Patterson Corridor East (PCE) in the Athabasca Basin, Saskatchewan, for 2025. This program aims to explore the extents and growth of the uranium mineralization discovered in early 2024, with a significant increase from the previous year’s program. The focus is on testing the mineralized footprint, investigating high-grade zones, and identifying additional mineralization. The expansion reflects NexGen’s strategic focus on addressing the global uranium demand and supply gap. The company is well-funded with over $800 million in cash and liquid assets, ensuring the ongoing development of the Rook I Project and PCE exploration efforts.
More about NexGen Energy
NexGen Energy Ltd. operates in the energy sector, primarily focusing on the exploration and development of uranium resources. The company is engaged in systematic exploration efforts in the Athabasca Basin, Saskatchewan, targeting high-grade uranium deposits to meet the increasing global demand for uranium.
YTD Price Performance: -7.82%
Average Trading Volume: 7,356,621
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.56B
Learn more about NXE stock on TipRanks’ Stock Analysis page.
