Business
NexGen Energy Solidifies 100% Ownership of Its Entire Land Package
NexGen acquires Rio Tinto's 10% production carried interest over 39 NexGen-owned mineral claims in the Southwest Athabasca Basin, including those hosting the Pa
About this update from Nexgen Energy Ltd.
[{"type":"text","content":" NexGen acquires Rio Tinto's 10% production carried interest over 39 NexGen-owned mineral claims in the Southwest Athabasca Basin, including those hosting the Patterson Corridor East (PCE) discovery. NexGen now owns exclusively 100% of its entire portfolio of Projects and Properties which include Rook I (location of Arrow and PCE deposits), SW1 and SW3. Vancouver, British Columbia--(Newsfile Corp. - July 24, 2025) - NexGen Energy Ltd. (TSX: NXE) (NYSE: NXE) (ASX: NXG) (\"NexGen\" or the \"Company\") is pleased to announce it has exercised its Right of First Refusal to acquire the 10% production carried interest (PCI) held by Rio Tinto Exploration Canada Inc. (Rio Tinto) over 39 of NexGen's mineral claims in the Southwest Athabasca Basin, including those hosting the PCE discovery (Figure 1). NexGen's entire portfolio including the Arrow deposit is now 100% owned (Figure 2). Concurrent with its exercise, NexGen has agreed to match a cash payment offered to Rio Tinto for the interest, the terms of which are contractually confidential. Leigh Curyer, Chief Executive Officer, commented: \"Given the world class extent, high grade and superior technical setting of mineralization discovered to date at our two projects, consolidating our portfolio at PCE and surrounding area to match our 100% ownership in our world-class Arrow deposit, is entirely in line with our strategic objective of becoming the future leader in uranium production worldwide. Today, the uranium market is already in a structural deficit. With the world's leading tech companies recently committing to the construction of over US$100BN in AI data centres in the US alone - to be predominantly powered by nuclear energy - the ever-growing need for a safe, secure supply of uranium from sound jurisdictions is upon us. NexGen's unmatched uranium endowment, including our flagship Arrow and developing PCE deposit, together with our large surrounding land package meets that criteria. Today's transaction further elevates the realisation of our long-standing strategic objective of becoming the largest supplier of uranium worldwide.\" History The PCI entitled Rio Tinto to a 10% undivided interest in future production from the subject claims, carried through to the commencement of commercial production, and was put in place before NexGen acquired the land package in 2012. Upo...