NexGen Energy Ltd. Announces C$400 Million Bought Deal MJDS Prospectus Offering and Concurrent AUD $400 Million Offering in Australia

Executive Summary

• NexGen Energy announced a dual‑track equity financing totaling roughly C$800 million (≈ US$600 million) split between North American and Australian offerings.
• The North American underwriters, led by Merrill Lynch Canada, will purchase 33,112,583 common shares at C$12.08 per share for gross proceeds of ~C$400 M; the Australian underwriter will sell 30,534,351 shares (as CHESS Depositary Interests) for gross proceeds of ~A$400 M.
• Net proceeds are earmarked to advance engineering on the Rook I uranium project, fund pre‑production capital costs, and support general corporate purposes.

Key Details

• North American Offering
• Underwriters: Syndicate led by Merrill Lynch Canada Inc. (North American Underwriters).
• Shares: 33,112,583 common shares (“North American Common Shares”).
• Price: C$12.08 per share.
• Gross proceeds: ≈ C$400 million.

• Offering structure: Bought‑deal basis; short‑form prospectus (all Canadian provinces/territories except Quebec) and U.S. registration on Form F‑10 (not yet effective).

• Australian Offering

• Underwriter: Aitken Mount Capital Partners Pty Ltd (Australian Underwriter); book‑run managed jointly by Canaccord Genuity (Australia) Limited (Australian JLM).
• Shares: 30,534,351 common shares issued as Australian CHESS Depositary Interests (“Australian Common Shares”).
• Price: Same Offering Price of C$12.08 per share, converted at Bloomberg exchange rate C$1 = A$1.0850 (≈ A$13.09 per ADI).

• Gross proceeds: ≈ A$400 million.

• Use of Proceeds

• Advance engineering design for the Rook I Project.
• Finance pre‑production capital expenditures at Rook I.

• General corporate purposes.

• Closing Timeline & Conditions

• Expected closing: on or about 15 October 2025, subject to regulatory approvals (TSX, NYSE) and completion of the respective offering processes.

• The North American Offering is independent of the Australian Offering; each underwriter’s obligations are limited to its own tranche.

• Regulatory & Trading Information

• Prospectus for North American Offering filed on SEDAR+; registration statement on Form F‑10 filed with SEC (pending effectiveness).

• Australian CHESS Depositary Interests remain in a trading halt until the book‑build concludes (anticipated before ASX open, 6 October 2025 Sydney time).

• Contact Information

• Leigh Curyer – CEO, NexGen Energy Ltd. (+1 604 428 4112, [email protected])
• Travis McPherson – Chief Commercial Officer (+1 604 428 4112, [email protected])
• Monica Kras – VP, Corporate Development (+44 7307 191933, [email protected])

Notable Quotes

• “The successful completion of this financing will provide the critical capital needed to move Rook I forward into pre‑production and ultimately deliver a world‑class low‑cost uranium mine,” – Leigh Curyer, Chief Executive Officer.