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Energy|Engineering|Financial|PROJECT
Energy|Engineering|Financial|PROJECT
energy|engineering|financial|project

NexGen raises A$1bn to advance Rook I uranium project

17th October 2025

By: Creamer Media Reporter

     

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Dual-listed uranium developer NexGen Energy has closed a global equity offering raising A$1-billion (C$950-million) to advance its flagship Rook I project in Saskatchewan’s Athabasca basin.

The financing comprised a C$400-million North American offering and a A$600-million Australian offering, with proceeds earmarked for engineering, preproduction capital costs and general corporate purposes.

Under the North American tranche, 33.1-million shares were sold at C$12.08 apiece through a syndicate of underwriters led by Merrill Lynch Canada, alongside Stifel Nicolaus Canada, J.P. Morgan Securities Canada, BMO Nesbitt Burns, National Bank Financial, RBC Dominion Securities, and Canaccord Genuity.

In Australia, 45.8-million shares, settled as CHESS Depository Interests, were placed with institutional investors at A$13.10 each. The offering was underwritten by Aitken Mount Capital Partners, acting as sole underwriter, joint lead manager, and bookrunner, with Canaccord Genuity (Australia) serving as joint lead manager and bookrunner.

Edited by Creamer Media Reporter

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