We have updated our NexGen Energy (NXG) research to coincide with the release of sector research and new uranium coverage. We believe the market may be disappointed with earnings from new start developers, as investors fail to recognise the disparity between spot pricing and realised contract basket pricing. A better place to speculate on uranium market fluctuations may be NXG with its high quality and 100% owned Rook I asset. Recent M&A activity involving NXG’s neighbour Fission Uranium, could signal the beginning of a wave of corporate activity within the sector. Finalisation of Federal permitting in the new year (or prior) would resolve the final barrier to construction.
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