NXG - NexGen Energy (Canada)

[houtman]

@debtfree

NXG has made some headway with the approvals and permits process.

As announced 20/11/24 - .....The CNSC has provided NexGen formal confirmation that the Company has successfully addressed all information requests received as part of the Federal technical review....

No word on when the Commission hearing will be heard as yet, but at the current rate of proceedings I'd suggest a similar time frame to the 1/2 life of U235.

 

[houtman]

This doesn't look good in at least the short term for NXG.

The Uranium boffins were expecting an extra 30m lbs/yr from NXG, could be some delays.

We'll see if it affects the U price, not held.

On February 28, 2025, the Supreme Court of Canada (SCC) issued a unanimous 9-0 ruling dismissing an appeal from the Saskatchewan government, allowing the Métis Nation–Saskatchewan (MN-S) to proceed with a lawsuit against the province.

The lawsuit centers on uranium exploration permits granted to NexGen Energy Ltd. in July 2021 for a mineral exploration project near Patterson Lake in northwest Saskatchewan.

MN-S alleges that the province failed to adequately consult them, asserting Aboriginal title and rights to the affected land. This ruling has potential implications for uranium development in the region, a key area for Canada’s uranium industry, and could influence future project timelines, costs, and global uranium prices.