Ben Finegold's questions to Nexgen Energy Ltd (NXE) leadership • Q4 2024
Question
Ben Finegold, identified as an analyst, questioned if contract discussions with U.S. utilities have changed under the new administration and if Canadian uranium is treated like domestic supply. He also asked if NexGen is seeing price floors around $70 per pound in its contract negotiations, similar to what peers have mentioned.
Answer
Chief Commercial Officer Travis McPherson stated that discussions with U.S. utilities have not changed, as the primary driver is the acute need to secure supply from reliable partners like Canada, given risks from Eastern suppliers. CEO Leigh Curyer addressed pricing by clarifying that NexGen's contracts are structured for maximum exposure to future uranium prices at the time of delivery, rather than using fixed price floors, which provides industry-leading leverage to the market.