NexGen Energy Wins First Uranium Supply Contracts with U.S. Nuclear Utilities

Dow Jones2024-12-04

By Adriano Marchese

NexGen Energy said Wednesday that it has secured its first uranium supply contracts with a number of nuclear utility companies in the U.S.

The Canadian uranium producer said the contracts entail the supply of 5 million pounds of uranium and the contracts all incorporate market-related pricing mechanisms at the time of delivery.

NexGen is optimistic about the trajectory for the critical fuel as demand for energy continues to rise at a fast clip to power big tech's next generation of data centers.

The company said it still in talks with other utilities across U.S., Europe and Asia.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

December 04, 2024 06:48 ET (11:48 GMT)

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