Q: Can you provide an updated viewpoint of Nexgen
5i Research Answer:
NXE has a good balance sheet, and we like it for the sector. The sector outlook is also good, in our view. However, there is not much to add as the company is not expected to be producing until 2030. NexGen plans to begin full construction of the Rook I mine in summer 2026, after securing the final federal licence from the Canadian Nuclear Safety Commission. Progress on site preparation, shaft sinking, and major capital deployment over the next few years will be the main near‑term indicators that the 2030 target is on track. We think it is buyable for those looking for sector exposure.