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Argonaut supports largest resources listing since 2018 for NexGen Energy (TSX:NXE, NYSE:NXE, ASX:NXG).

    Home News Argonaut supports largest resources listing since 2018 for NexGen Energy (TSX:NXE, NYSE:NXE, ASX:NXG).
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    Argonaut supports largest resources listing since 2018 for NexGen Energy (TSX:NXE, NYSE:NXE, ASX:NXG).

    By Wendy McEvoy | News | 0 comment | 6 July, 2021 | 0

    Argonaut acted as Australian Financial Advisor to the Secondary Listing & Lead Manager to the Offer.

    NexGen is a c. C$2.5bn market cap uranium developer with a focus on developing the high grade Rook I Project located in the southwestern Athabasca Basin, Saskatchewan, Canada. Rook I hosts the Arrow Deposit that hosts Mineral Reserves of 4.6Mt grading 2.37% U3O8 and containing 239.6Mlbs U3O8. Arrow’s development is supported by a NI 43-101 compliant Feasibility Study announced in March 2021 which outlines industry leading ‘next generation’ designs implementing elite environmental performance as well as industry leading strong economics.

    NexGen has grown a substantial investor following in Australia and the Asia Pacific region since its founding in 2011. At present, approximately 30% of the NexGen’s outstanding share capital is held by investors in the region. Given the stage of the Company’s development, the exceptional economic strength of the Rook I Project, and the accelerating demand for the responsible production of clean energy worldwide, NexGen decided it was time to broaden the exposure of the Company through a secondary listing onto the ASX. The ASX listing is complimentary to NexGen’s current TSX and NYSE listings and the Company’s highly strategic positioning within the resource space will translate well onto the ASX providing additional investor interest and liquidity. NexGen issued 400,000 CDIs at A$5.60 per CDI to raise $2.24 million from Australian investors as part of the ASX listing in order to provide for orderly trading.

    The listing comes at a time of heightened interest and activity in the sector and is ASX’s largest listing (by market capitalisation) in the resources space since 2018.

    Argonaut is pleased to assist in bringing this investment opportunity to the ASX and looks forward to NexGen’s ongoing success.

    Additional Information regarding NexGen can be found on the Company’s website at https://www.nexgenenergy.ca/

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