Julio Mondragon's questions to Nexgen Energy Ltd (NXE) leadership • Q1 2025
Question
Julio Mondragon of BMO Capital Markets asked about the development plans and budget for the Rook I project in 2025 while awaiting regulatory hearings. He also sought an update on the progress of offtake contracting discussions with utilities.
Answer
CEO Leigh Curyer confirmed the company's 2025 focus is on exploration, with the site maintained in readiness for construction, which will commence immediately upon approval in early 2026. He noted the company is well-funded with over CAD 435 million in cash. Chief Commercial Officer Travis McPherson added that contracting discussions are very robust, with more agreements expected this year, driven by strong utility concern over the future supply deficit and the value of NexGen's new, diversified supply.