NexGen Energy (Canada) Ltd (ASX:NXG)

ALERT: Price-sensitive ASX Announcement for NXG

Current share price for NXG : $13.340 -0.34 (-2.49%)⁺

Announcement

C$400M Bought Deal and $A400M Underwritten Offer

Release

2 Oct 2025 9:54AM

Price at Release

$13.680

Full Release

Summary

NexGen Energy Ltd. has announced two significant financial deals to support its Rook I Project development. The company will conduct a C$400 million bought deal offering in North America, led by Merrill Lynch Canada Inc., where 33,112,583 common shares will be sold at C$12.08 each. Simultaneously, NexGen will undertake an A$400 million fully underwritten offering in Australia, managed by Aitken Mount Capital Partners Pty Ltd, selling 30,534,351 common shares under Australian CHESS Depositary Interests. The proceeds from these offerings are intended to fund engineering and pre-production capital costs for the Rook I Project as well as general corporate purposes. The offerings are not interdependent, and they involve customary terms and conditions including termination clauses related to market and company-specific risks.

Key Points

C$400 million bought deal in North America led by Merrill Lynch Canada Inc.
A$400 million underwritten offering in Australia managed by Aitken Mount Capital Partners Pty Ltd.
Proceeds to support Rook I Project engineering and pre-production costs.
Offerings are independent and subject to market and company performance conditions.
Both offerings involve customary underwriting agreements with termination options.

IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.