NexGen Energy (ASX:NXG) secured a uranium offtake contract with a US-based utility to deliver 1 million pounds of uranium per year for five years, according to a Thursday Australian bourse filing.
The contract doubles NexGen's existing contracted volume to over 10 million pounds.
The firm is in ongoing talks with multiple entities for additional offtake contracts, per the filing.
The contract will start in the first year of commercial production, the firm added.
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