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    Katie Lachapelle

    Managing Director of Metals and Mining at Canaccord Genuity Group Inc.

    Katie Lachapelle is a Managing Director of Metals and Mining at Canaccord Genuity, specializing in equity research and valuation for uranium and other resource companies. She covers firms such as Denison Mines and Energy Fuels, regularly publishing investment ratings and price targets that have influenced sector sentiment and investor strategies. Beginning her career after graduating from McGill University in 2016, she joined Canaccord Genuity in 2021 and has quickly established herself as a leading analyst, noted for her in-depth market insights as featured in industry media. Lachapelle holds an undergraduate degree from McGill, with professional responsibilities also suggesting registration with relevant Canadian securities regulators.

    Katie Lachapelle's questions to NexGen Energy (NXE) leadership

    Katie Lachapelle's questions to NexGen Energy (NXE) leadership • Q2 2025

    Question

    Katie Lachapelle of Canaccord Genuity inquired about the terms of the new offtake agreement, specifically asking about price floors and ceilings and what gives NextGen an edge in securing favorable terms compared to peers. She also followed up on the status of lending interest and whether new offtake deals are accelerating debt financing agreements.

    Answer

    CEO Leigh Curyer confirmed that the contracts are a blend of pricing mechanisms, with US utility contracts typically including floors and ceilings. He attributed their strong negotiating position to the high technical and sovereign confidence in the Arrow project. CCO Travis McPherson added that lender interest has grown beyond the previously stated US$1.6 billion and that offtake agreements are helpful in advancing financing discussions, particularly with government-related entities.

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    Katie Lachapelle's questions to NexGen Energy (NXE) leadership • Q2 2025

    Question

    Katie Lachapelle of Canaccord Genuity asked about the new offtake agreement, specifically if it includes floors and ceilings, and questioned why NextGen appears to be securing more favorable terms than its peers. She also followed up on the status of project financing, asking if the previously indicated $1.6 billion in lending interest has grown.

    Answer

    CEO Leigh Curyer confirmed that NextGen's contracts are a blend, with US utility deals typically including floors and ceilings, and stated the favorable terms reflect the project's technical and sovereign profile amid global supply risks. Chief Commercial Officer Travis McPherson added that financing interest is growing well beyond previous figures and that offtake agreements are opening new avenues for government-backed lending.

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    Katie Lachapelle's questions to NexGen Energy (NXE) leadership • Q4 2024

    Question

    Katie Lachapelle of Canaccord Genuity inquired about the expected timeline for the Rook I project's Commission hearing, particularly in light of a peer's recent announcement, and whether it would be a one or two-part process. She also asked for timing on further drill results and a potential maiden resource for the Patterson Corridor East (PCE) discovery.

    Answer

    CEO Leigh Curyer stated that the peer's (Denison's) hearing date announcement is a positive indicator for NexGen's own timeline. He confirmed the Canadian Nuclear Safety Commission (CNSC) has indicated it will be a single-part hearing and the company is ready to proceed immediately once a date is set. Regarding the PCE discovery, Mr. Curyer explained that results will be released in batches to provide context, unless a transformative 'barn burner' drill hole is discovered, which would be announced promptly.

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    Katie Lachapelle's questions to NexGen Energy (NXE) leadership • Q2 2024

    Question

    Katie Lachapelle asked for commentary on M&A interest in the Arrow project, suggesting the upcoming final federal approval could be a significant trigger for a potential acquisition.

    Answer

    CEO Leigh Curyer acknowledged a notable increase in interest from various financiers and major mining companies, particularly those seeking clean energy assets in stable jurisdictions. He agreed that interest and a potential acquirer's preparedness to act might increase post-federal approval, but stressed that NexGen continues to operate with the mindset of building and operating the mine itself.

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    Katie Lachapelle's questions to Sigma Lithium (SGML) leadership

    Katie Lachapelle's questions to Sigma Lithium (SGML) leadership • Q1 2025

    Question

    Katie Lachapelle of Canaccord Genuity followed up on the topic of offtake agreements, asking about the target percentage of production to be covered and the potential duration of such deals.

    Answer

    Co-Chairperson and CEO Ana Cabral Gardner responded that the Board has granted flexibility to sign offtakes, with decisions contingent on securing favorable conditions. She highlighted that these prepayment agreements offer lower interest rates than Sigma's current debt, making them a useful liability management tool. Gardner mentioned that clients typically seek a minimum duration of three years, often for deliveries starting in 2026-2028, reflecting market concern about future supply. She explained Sigma hadn't pursued offtakes earlier because it wasn't necessary for funding Plant 1 and a strategic review was underway, placing the company in a strong negotiating position now.

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    Katie Lachapelle's questions to ENERGY FUELS (UUUU) leadership

    Katie Lachapelle's questions to ENERGY FUELS (UUUU) leadership • Q1 2025

    Question

    Katie Lachapelle inquired about the funding strategy for the Phase 2 rare earth expansion and other key projects, given the gap between projected costs and the current balance sheet. She also asked about the uranium price level that would trigger spot market sales and how production costs are tracking.

    Answer

    CEO Mark Chalmers explained that a comprehensive financing strategy is being developed, involving debt advisers, U.S. banks, and government agencies like the DOD and DOE. He noted their strong balance sheet supports advancing projects to FID. Chalmers stated he would prefer to see uranium prices with an "8 handle" ($80+) before selling into the spot market and projected full-year production costs to be between $35 and $40 per pound.

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