VANCOUVER, Aug. 27, 2018 /CNW/ - NexGen Energy Ltd.
("NexGen" or the "Company") (TSX:NXE, NYSE MKT:NXE) is pleased
to announce the appointment of Ms Sybil
Veenman and Ms Karri Howlett
to the Company's Board of Directors.
Leigh Curyer, Chief Executive Officer, commented: "On behalf of
the Executive and Board of NexGen we are very pleased to welcome Ms
Veenman and Ms Howlett. Both bring outstanding attributes and
successful Board level experience in multi-billion dollar
corporations in the mining and energy sectors across the
disciplines of legal, transactional and occupational health and
safety. We look forward to their contributions in the exciting
development of NexGen as the Company continues to deliver a truly
unique economic, environmental and socially responsible opportunity
to fruition."
Sybil Veenman
Ms Veenman brings over 20 years of mining industry experience
both as a public company director and as a senior executive. She
currently serves as a Director at Nasdaq-listed Royal Gold Inc.,
NYSE-listed IAMGOLD Corporation and TSXV-listed Noront Resources
Ltd. She is also on the Board of Directors of the Boost Child
& Youth Advocacy Centre in Toronto, a
non-profit organization dedicated to providing child and
youth services and support. Previously, she was Senior
Vice-President and General Counsel and a member of the executive
leadership team at Barrick Gold Corporation. In that capacity, she
was responsible for overall management of legal affairs,
extensively engaged in that company's significant M&A and
financing transactions and involved in a wide range of operational,
regulatory, political and social aspects of the mining
business.
She holds a Law degree from of the University of Toronto and has completed the
Institute of Corporate Directors, Directors Education Program and
obtained the ICD.D designation from the Institute.
Karri Howlett, CFA,
C.Dir.
Ms Howlett has 20 years of experience in corporate strategy,
mergers and acquisitions, financial due diligence, and risk
analysis. She currently sits on the Boards of SaskPower (as Chair
of the Safety, Environment and Social Responsibility Committee),
Saskatchewan Trade Export Partnership (as Chair of the Audit
Committee), RESPEC Consulting Inc., and RSI Consulting Inc.
She has conducted financial due diligence and risk analysis for
several business endeavors, including business advisement and
financial modelling for several mining and energy projects, as well
as mergers of financial institutions.
She is currently President and a member of the Board of
Directors of RESPEC Consulting Inc. (formerly North Rim Exploration
Ltd.)., which is a geosciences and engineering consulting company
based in Saskatoon,
Saskatchewan.
She holds a bachelor of commerce (with honors) in finance from
the University of Saskatchewan and has
earned the Chartered Financial Analyst (CFA) designation and the
Chartered Director designation. An active community member, she has
previously served on the boards of the Varsity View Community
Association, Skate Saskatoon, and CFA Society of Saskatchewan. In addition, she has been
involved with the University of
Saskatchewan's Edwards School of Business as a lecturer in
the Department of Finance, a participant in the Leadership
Development Program, and a protégé in the Betty Ann Heggie
Womentorship Program.
With this appointment, the NexGen Board comprises eight members,
of which six are independent.
About NexGen
NexGen is a British Columbia
corporation with a focus on the acquisition, exploration and
development of Canadian uranium projects. NexGen has a highly
experienced team of uranium industry professionals with a
successful track record in the discovery of uranium deposits and in
developing projects through discovery to production.
NexGen owns a portfolio of prospective uranium exploration
assets in the Athabasca Basin,
Saskatchewan, Canada, including a
100% interest in Rook I, location of the Arrow Deposit in
February 2014, the Bow discovery in
March 2015, the Harpoon discovery in
August 2016 and the Arrow South
discovery in July 2017. The Arrow
deposit's updated mineral resource estimate with an effective date
of December 20, 2016 was released in
March 2017, and comprised
179.5 M lbs U3O8 contained in
1.18 M tonnes grading 6.88% U3O8 in
the Indicated Mineral Resource category and an additional
122.1 M lbs U3O8 contained in
4.25 M tonnes grading 1.30% U3O8 in
the Inferred Mineral Resource category.
Forward-Looking Information
The information contained herein contains "forward-looking
statements" within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and "forward-looking
information" within the meaning of applicable Canadian securities
legislation. "Forward-looking information" includes, but is not
limited to, statements with respect to the activities, events or
developments that the Company expects or anticipates will or may
occur in the future. Generally, but not always, forward-looking
information and statements can be identified by the use of words
such as "plans", "expects", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates", or "believes"
or the negative connotation thereof or variations of such words and
phrases or state that certain actions, events or results "may",
"could", "would", "might" or "will be taken", "occur" or "be
achieved" or the negative connotation thereof.
Forward-looking information and statements are based on the
then current expectations, beliefs, assumptions, estimates and
forecasts about NexGen's business and the industry and markets in
which it operates. Forward-looking information and statements are
made based upon numerous assumptions, including among others, that
the proposed transaction will be completed, the results of planned
exploration activities are as anticipated, the price of uranium,
the cost of planned exploration activities, that financing will be
available if and when needed and on reasonable terms, that third
party contractors, equipment, supplies and governmental and other
approvals required to conduct NexGen's planned exploration
activities will be available on reasonable terms and in a timely
manner and that general business and economic conditions will not
change in a material adverse manner. Although the assumptions made
by the Company in providing forward looking information or making
forward looking statements are considered reasonable by management
at the time, there can be no assurance that such assumptions will
prove to be accurate.
Forward-looking information and statements also involve known
and unknown risks and uncertainties and other factors, which may
cause actual results, performances and achievements of NexGen to
differ materially from any projections of results, performances and
achievements of NexGen expressed or implied by such forward-looking
information or statements, including, among others, negative
operating cash flow and dependence on third party financing,
uncertainty of the availability of additional financing, the risk
that pending assay results will not confirm previously announced
preliminary results, imprecision of mineral resource estimates, the
appeal of alternate sources of energy and sustained low uranium
prices, aboriginal title and consultation issues, exploration
risks, reliance upon key management and other personnel,
deficiencies in the Company's title to its properties, uninsurable
risks, failure to manage conflicts of interest, failure to obtain
or maintain required permits and licenses, changes in laws,
regulations and policy, competition for resources and financing,
and other factors discussed or referred to in the Company's Annual
Information Form dated March 31, 2017
under "Risk Factors".
Although the Company has attempted to identify important
factors that could cause actual results to differ materially from
those contained in the forward-looking information or implied by
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended.
There can be no assurance that forward-looking information
and statements will prove to be accurate, as actual results and
future events could differ materially from those anticipated,
estimated or intended. Accordingly, readers should not place undue
reliance on forward-looking statements or information. The Company
undertakes no obligation to update or reissue forward-looking
information as a result of new information or events except as
required by applicable securities laws.
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SOURCE NexGen Energy Ltd.