VANCOUVER, BC, Aug. 29,
2023 /PRNewswire/ - NexGen Energy Ltd. ("NexGen"
or the "Company") (TSX: NXE) (NYSE: NXE) (ASX: NXG) is
pleased to announce the appointment of Ben
Salter as Chief Financial Officer ("CFO"), effective
September 1, 2023. Mr. Salter
commenced with NexGen in June 2021
and currently holds the role of Vice President, Finance. He has
extensive experience in financial reporting, regulatory compliance,
internal controls, and corporate finance activities. Mr. Salter is
a Chartered Professional Accountant and holds a Bachelor of
Commerce from the University of
Victoria. Prior to NexGen, Mr. Salter worked at
Methanex Corporation and Innergex Renewable Energy Inc. (previously
Alterra Power Corp.) where he was responsible for financial
reporting, controls and systems. Mr. Salter will assume the
CFO position upon the resignation of Harpreet Dhaliwal who is
pursuing other career interests.
Leigh Curyer, Chief Executive Officer, commented: "Ben has
been an important part of NexGen's growth journey, and has
consistently demonstrated exceptional commitment to the Company.
His extensive knowledge of NexGen's financial landscape and
requirements, combined with strong leadership abilities, make him
the ideal candidate for the role of CFO, and positions the Company
for an expansion. The entire NexGen leadership team and the Board
of Directors would like to thank Harpreet for her valuable
contributions during her time with the Company. Harpreet played a
significant role in implementing key financial systems."
In addition, the Company is delighted to welcome Tracy Primeau as a Special Advisor specializing
in community. With an extensive background in nuclear energy,
Tracy's journey began at Ontario Power Generation's Pickering
Nuclear Power Station, leading her to become one of the few women
to attain a Canadian Nuclear Safety Commission ("CNSC") license at
Bruce Power and its sole female Shift Manager. A dedicated board
member of both Ontario Power Generation and Women in Nuclear
("WiN") Canada, Tracy's commitment
extends beyond the industry, notably as an influential mentor,
active community participant, and proud Nipissing First Nation
member. Her leadership, rooted in the Seven Grandfather Teachings,
continues to inspire change and education on climate and Indigenous
knowledge.
Mr. Curyer commented: "On behalf of the Board and Executive, it
is a privilege to have Tracy join us at this exciting pivotal stage
in the Company's development. Her vast experience and aligned
values with respect to genuine community engagement and advancement
will further compliment NexGen's demonstrated commitment in driving
transformative change for all stakeholders."
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 the most elite standards in
environmental and social governance. The Rook I Project is
supported by a NI 43-101 compliant Feasibility Study which outlines
the elite environmental performance and industry leading
economics. NexGen is led by a team of experienced uranium and
mining industry professionals with expertise across the entire
mining life cycle, including exploration, financing, project
engineering and construction, operations and closure. NexGen
is leveraging its proven experience to deliver a Project that leads
the entire mining industry socially, technically and
environmentally. The Project and prospective portfolio in northern
Saskatchewan will provide
generational long-term economic, environmental, and social benefits
for Saskatchewan, Canada, and the
world.
NexGen is listed on the Toronto Stock Exchange, the New York
Stock Exchange under the ticker symbol "NXE" and on the Australian
Securities Exchange under the ticker symbol "NXG" providing access
to global investors to participate in NexGen's mission of solving
three major global challenges in decarbonization, energy security
and access to power. The Company is headquartered in Vancouver, British Columbia, with its primary
operations office in Saskatoon,
Saskatchewan.
Forward-Looking
Information
The information contained herein contains "forward-looking
statements" within the meaning of applicable United
States securities laws and regulations 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 mineral reserve and mineral
resource estimates, the 2021 Arrow Deposit, Rook I Project and
estimates of uranium production, grade and long-term average
uranium prices, anticipated effects of completed drill results on
the Rook I Project, planned work programs, completion of further
site investigations and engineering work to support basic
engineering of the project and expected outcomes. 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. Statements relating to "mineral
resources" are deemed to be forward-looking information, as they
involve the implied assessment that, based on certain estimates and
assumptions, the mineral resources described can be profitably
produced in the future.
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 mineral reserve and resources estimates and the key assumptions
and parameters on which such estimates are based are as set out in
this news release and the technical report for the property , the
results of planned exploration activities are as anticipated, the
price and market supply 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 in the
future.
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, the existence
of 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, conclusions of economic valuations,
the risk that actual results of exploration activities will be
different than anticipated, the cost of labour, equipment or
materials will increase more than expected, that the future price
of uranium will decline or otherwise not rise to an economic level,
the appeal of alternate sources of energy to uranium-produced
energy, that the Canadian dollar will strengthen against the U.S.
dollar, that mineral resources and reserves are not as estimated,
that actual costs or actual results of reclamation activities are
greater than expected, that changes in project parameters and plans
continue to be refined and may result in increased costs, of
unexpected variations in mineral resources and reserves, grade or
recovery rates or other risks generally associated with mining,
unanticipated delays in obtaining governmental, regulatory or First
Nations approvals, risks related to First Nations title and
consultation, 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 licences, risks related to changes
in laws, regulations, policy and public perception, as well as
those factors or other risks as more fully described in NexGen's
Annual Information Form dated February 24,
2023 filed with the securities commissions of all of the
provinces of Canada except
Quebec and in NexGen's 40-F filed
with the United States Securities and Exchange Commission, which
are available on SEDAR at www.sedar.com and Edgar
at www.sec.gov .
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 statements or
implied by forward-looking information or statements, there may be
other factors that cause results not to be as anticipated,
estimated or intended. Readers are cautioned not to place undue
reliance on forward-looking information or statements due to the
inherent uncertainty thereof.
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.