NexGen Receives Strong Support for Rook I Project Financing in Excess of US$1 Billion

About this update from Nexgen Energy Ltd.

NexGen Receives Strong Support for Rook I Project Financing in Excess of US$1 Billion /* Style Definitions */ span.prnews_span { font-size:8pt; font-family:"Arial"; color:black; } a.prnews_a { color:blue; } li.prnews_li { font-size:8pt; font-family:"Arial"; color:black; } p.prnews_p { font-size:0.62em; font-family:"Arial"; color:black; margin:0in; } Canada NewsWire VANCOUVER, BC , May 1, 2023 /CNW/ - NexGen Energy Ltd. ("NexGen" or the "Company") (TSX: NXE) (NYSE: NXE) (ASX: NXG) is pleased to announce that it has received significant initial interest from prospective financial institutions, including commercial lenders and export credit agencies, for providing project financing for the Rook I Project (the "Project" or "Rook I"). To date, NexGen has received non-binding expressions of interest totalling over US$1 Billion in available debt for the Project, subject to acceptable financing terms and conditions as well as satisfactory due diligence (including environmental and social reviews) and the entering into of definitive documentation. The progress of project financing discussions with external parties further validates the high-quality nature of Rook I – a low-cost operation in the tier-one jurisdiction of Saskatchewan that continues to demonstrate elite technical, environmental, and social standards with strong support from local communities. NexGen will continue to progress discussions with the groups and provide updates on this matter as appropriate. Finalization of the agreements is scheduled for Q4 2023 in line with the Project development schedule. Leigh Curyer, Chief Executive Officer, commented: "Strong interest from lenders and other financing parties for the development of Rook I demonstrates NexGen's delivery of a sustainable, clean energy legacy that will benefit our valued stakeholders and all of Canada . The receipt of these expressions of interest are a clear de-risking step demonstrating lender confidence in the economics of the Rook I Project, the uranium market fundamentals incorporating the Project and the elite ESG manner NexGen is delivering in the development of the Project." About NexGen NexGen Energy is a Canadian company focused on delivering clean energy fuel for the future. The Company's flagship Rook I Project is being optimally developed into the largest low-cost producing uranium mine globally, incorporating t...

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