Graham Yoshio Tanaka's questions to Nexgen Energy Ltd (NXE) leadership • Q4 2024
Question
Graham Tanaka of Tanaka Capital Management asked about potential delays to NexGen's approval process due to a peer's hearing, the construction timeline post-approval, and the potential to accelerate Patterson Corridor East (PCE) production. He also questioned the logic of contracting any uranium at current prices given the bullish long-term supply deficit.
Answer
CEO Leigh Curyer viewed the peer's hearing date as a positive sign that NexGen's is imminent. He reiterated a 42-month construction timeline post-approval. On PCE, he confirmed it's 'absolutely possible' to accelerate development to meet market demand, subject to regulatory processes. Critically, Mr. Curyer clarified that NexGen is not contracting at current prices but at future market prices at the time of delivery, thereby preserving full upside exposure for shareholders, which is a key differentiator.