Business
NexGen Energy, in Partnership with Clearwater River Dene Nation, Launches Member-Owned Business Slated to Create More than $36M in Revenue in its First Three Years
NexGen Energy, in Partnership with Clearwater River Dene Nation, Launches Member-Owned Business S...
About this update from Nexgen Energy Ltd.
[{"type":"text","content":"\n \n \n \n NexGen Energy, in Partnership with Clearwater River Dene Nation, Launches Member-Owned Business Slated to Create More than $36M in Revenue in its First Three Years\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n April 18, 2023\n \n \n /CNW/ - NexGen Energy Ltd. (\"NexGen\" or the \"Company\") (TSX: NXE) (NYSE: NXE) (ASX: NXG) in partnership with the Clearwater River Dene Nation (\"CRDN\") is pleased to announce the establishment of a 100% Indigenous owned and operated gravel supply company in\n \n Northwest Saskatchewan\n \n . Continuing to deliver on its industry-leading Impact Benefit Agreement with the CRDN signed in\n \n March 2022\n \n , NexGen purchased a\n \n $4.1M\n \n gravel crusher to provide aggregate material for its Rook I project (\"Rook I\" or the \"Project\") and to supply the northern communities' aggregate material for road infrastructure requirements. The CRDN member-owned business will lease to own and operate the gravel crusher. The aggregate supply for Rook I has a capital expenditure representing an estimated\n \n $36M\n \n in value (Rook I Feasibility Study) to the new CRDN-owned business in just the first three years of construction of the Project. This new company will immediately create sixteen (16) additional jobs for local community members.\n \n \n \n Teddy Clark\n \n , Chief CRDN, commented: \"The establishment of the gravel supply company is a testament to NexGen's commitment to creating sustainable economic opportunities for Indigenous communities in the local project area. This new business will give CRDN and Metis Local 39 members, as well as surrounding communities, meaningful employment, which will stimulate the economy for all the communities in the local project area.\"\n \n \n Leigh Curyer, Chief Executive Officer, commented: \"NexGen is proud to be expanding its support for our local community partners to maximise positive sustainable growth. This business opportunity delivers three key initiatives, aggregate for roads and the foundati...