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NexGen lifts Australian equity raising to A$600m

3rd October 2025

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

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Canadian uranium developer NexGen Energy has upsized its equity raising in Australia to A$600-million after strong demand from investors.

The Vancouver-based company said on Thursday it had entered into an amended and restated underwriting agreement with Aitken Mount Capital Partners to increase the size of its previously announced Australian offering.

The revised deal will see 45.8-million shares, settled in the form of Australian CHESS Depositary Interests, issued at A$13.10 each. Canaccord Genuity (Australia) acted as joint lead manager and bookrunner alongside Aitken Mount. NexGen confirmed that the bookbuild for the upsized raising had successfully closed.

The Australian deal is running in parallel with a C$400-million equity offering in North America led by Merrill Lynch Canada and a syndicate of underwriters. That tranche comprises 33.1-million shares at C$12.08 apiece – the Canadian dollar equivalent of the Australian issue price.

Combined, the twin raisings will deliver more than A$1-billion in fresh capital to the uranium company, which intends to deploy the proceeds toward advancing engineering work, pre-production capital costs, and general corporate purposes.

The funding drive comes as uranium prices remain strong on the back of renewed global interest in nuclear power, with utilities increasingly seeking long-term supply. NexGen’s Rook I project in the Athabasca basin is one of the most advanced undeveloped uranium projects globally, with the company positioning it as a cornerstone supplier in a tightening market.

Edited by Creamer Media Reporter

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