NexGen Announces Upsized AUD $600 Million Equity Offering in Australia

Executive Summary

• NexGen Energy entered into an amended and restated underwriting agreement to upsized its equity offering, targeting AUD $600 million from Australian investors and C$ $400 million from North American investors.
• The combined gross proceeds of approximately AUD $600 M + C$ $400 M will be used to advance engineering for the Rook I Project, fund pre‑production capital costs, and support general corporate purposes.
• The offering is expected to close around October 15, 2025, subject to regulatory approvals from the TSX and NYSE.

Key Details

• Australian Offering
• Underwriter: Aitken Mount Capital Partners Pty Ltd (Australian Underwriter)
• Joint Lead Manager/Bookrunner: Canaccord Genuity (Australia) Limited
• Shares offered: 45,801,527 common shares (as Australian CHESS Depositary Interests)
• Price per share: A$13.10

• Gross proceeds: ≈ AUD $600 million

• North American Offering

• Lead Underwriter: Merrill Lynch Canada Inc. (bought‑deal basis)
• Shares offered: 33,112,583 common shares
• Price per share: C$12.08 (Canadian dollar equivalent of the Australian offering price)

• Gross proceeds: ≈ C$400 million

• Use of Proceeds

• Advance engineering for the Rook I uranium project
• Fund pre‑production capital costs for Rook I

• General corporate purposes

• Regulatory & Closing Conditions

• Offering to close on or about October 15, 2025 (EST)
• Subject to receipt of all necessary regulatory approvals, including conditional acceptance by the Toronto Stock Exchange and approval by the New York Stock Exchange

• North American shares to be offered via a short‑form prospectus in Canada (excluding Quebec) and under a U.S. registration statement (Form F‑10) pending effectiveness

• Documentation

• Prospectus available on SEDAR+; Registration Statement filed with the SEC (not yet effective)
• Australian shares issued without disclosure under the Australian Corporations Act to “sophisticated” and “professional” investors

Notable Quotes

(No direct quotes were included in the release.)