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NexGen Energy Announces Upsized AUD $600 Million Equity Offering in Australia
Vancouver, British Columbia--(Newsfile Corp. - October 2, 2025) - NexGen Energy Ltd. (TSX: NXE) (NYSE: NXE) (ASX: NXG) ("NexGen" or the "Company") announced tod
About this update from Nexgen Energy Ltd.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - October 2, 2025) - NexGen Energy Ltd. (TSX: NXE) (NYSE: NXE) (ASX: NXG) (\"NexGen\" or the \"Company\") announced today that it is has entered into an amended and restated underwriting agreement with Aitken Mount Capital Partners Pty Ltd (the \"Australian Underwriter\") to upsize its previously announced offering and pursuant to which the Australian Underwriter has agreed to fully underwrite an offering of 45,801,527 common shares in the capital of the Company (the \"Australian Common Shares\"), to be settled in the form of Australian CHESS Depositary Interests, at a price of A$13.10 per share (the \"Offering Price\"), for gross proceeds of approximately AUD $600 million (the \"Australian Offering\"). In accordance with a separate amended and restated appointment letter, Canaccord Genuity (Australia) Limited (the \"Australian JLM\") acted as joint lead manager and bookrunner to the upsized Australian Offering. The Company confirms that the bookbuild for the upsized Australian Offering has successfully closed. As previously announced, concurrent with the Australian Offering, the Company also launched a bought deal equity offering with a syndicate of underwriters (the \"North American Underwriters\") led by Merrill Lynch Canada Inc. under which the North American Underwriters have agreed to buy on a bought deal basis 33,112,583 common shares in the capital of the Company (the \"North American Common Shares\") at a price of C$12.08 per North American Common Share, the Canadian dollar equivalent to the Offering Price[1], for gross proceeds of approximately C$400 million (the \"North American Offering\", and together with the Australian Offering, the \"Offering\"). The Company intends to use the net proceeds from the Offering to advance engineering of the Rook I Project, for Rook I Pre-Production Capital Costs and for general corporate purposes. The North American Common Shares will be offered by way of a short form prospectus (the \"Prospectus\") in all provinces and territories of Canada, other than Quebec, and will be offered in the United States pursuant to a prospectus filed as part of a registration statement under the Canada/U.S. multi-jurisdictional disclosure system. A registration statement on Form F-10, including the U.S. preliminary prospectus (together with any amendments t...