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NexGen Energy Receives Final Federal Approval for the Rook I Uranium Project
Vancouver, British Columbia--(Newsfile Corp. - March 5, 2026) - NexGen Energy Ltd. (TSX: NXE) (NYSE: NXE) (ASX: NXG) ("NexGen" or the "Company") is pleased to a
About this update from Nexgen Energy Ltd.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - March 5, 2026) - NexGen Energy Ltd. (TSX: NXE) (NYSE: NXE) (ASX: NXG) (\"NexGen\" or the \"Company\") is pleased to announce that the Canadian Nuclear Safety Commission (\"CNSC\") has, as of today, approved NexGen's Environmental Assessment (\"EA\") and issued a Licence to Prepare Site and Construct (the \"Licence\") for the Company's 100%-owned, generational, Rook I Project (the \"Project\"). This approval comes 14 business days after the final 2-part Commission Hearing process which was concluded February 12, 2026. With Environmental Assessment (\"EA\") approval from the Province of Saskatchewan received in November 2023 and receipt of all other necessary Provincial authorizations, the issuance of the Licence marks the final regulatory approval required to initiate full construction of the Project. Located in Saskatchewan's Athabasca Basin, NexGen's Rook I Project has been methodically advanced and designed to meet NexGen's elite environmental, safety, social and economic standards, working in lockstep with local Indigenous communities and partners. When fully operational, the Rook I Project will be the largest single source and environmentally elite uranium mine globally, incorporating state-of-the-art extraction and safety systems. In production, Rook I is capable of producing up to 30 million pounds annually - representing over 20% of the current global uranium fuel supply and over 50% of western world supply. With approvals secured, the Company is set to begin construction of the Rook I Project, advancing long-term economic benefits, skilled jobs, sustainable growth for the region, and Canada's nuclear energy leadership. The team, procurement, engineering, vendors, contractors and capital are in place to commence construction activities with advanced site and shaft sinking preparation. NexGen has already made its Final Investment Decision with official construction commencing in summer 2026. As per the Rook I Project schedule, construction will take 4 years from commencement. Leigh Curyer, Founder and Chief Executive Officer of NexGen, commented: \"Today's approval represents one of the most rigorous and comprehensive regulatory processes undertaken for a resource project globally. This milestone is the result of the NexGen team's steadfast and unrelenting focus over 12 ...