NexGen starts $1.6B uranium build to rival top mines

Mining08-14

NexGen Energy (TSX, NYSE: NXE; ASX: NXG) has started construction of its C$2.2-billion ($1.6-billion) Rook I uranium project in Saskatchewan, advancing what could become one of the world’s largest new...

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ASX: NXG) has started construction of its C$2.2-billion ($1.6-billion) Rook I uranium project in Saskatchewan, advancing what could become one of the world’s largest new...</p>\n\n<a href=\"https://www.mining.com/nexgen-starts-1-6b-uranium-build-to-rival-top-mines/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NXE","symbol_name":"Nexgen Energy Ltd.","start_time":0,"source_url":"https://www.mining.com/nexgen-starts-1-6b-uranium-build-to-rival-top-mines/","article_id":"2659128948","we_media_id":null,"thumbnails":["https://www.mining.com/wp-content/uploads/2026/08/RookIuranium-mine.jpeg"],"rights":{"source":"mining_highlight","url":"https://www.mining.com/nexgen-starts-1-6b-uranium-build-to-rival-top-mines/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2659128948","pubTimestamp":1786654500,"columns":[],"sourceInfo":{"source_id":"mining_highlight","name":"MINING.COM"},"weMediaInfo":null,"summary":"The Saskatchewan project advances toward becoming a major new source of nuclear fuel as global…","collect":0,"end_time":0,"defaultTopTitle":"mining.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"NXE":"Nexgen Energy Ltd.","URNM":"Sprott Uranium Miners ETF","MVPS":"Amplify Thematic All-Stars ETF","SRUUF":"Sprott Physical Uranium Trust","BK4591":"室温超导概念","BK4585":"ETF&股票定投概念","BK4606":"AI电力股","SMRF":"ALPS Nautilus SMR Nuclear & Technology ETF","BK4156":"煤与消费用燃料","BK4588":"碎股","URA":"Global X Uranium ETF"},"translate_title":"NexGen 开始斥资 1.6B 美元建设铀矿，以与顶级矿山竞争","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"URA":1.5,"MVPS":1.5,"NXE":1,"SMRF":0.6,"SRUUF":1.5,"URNM":0.6},"content_text":"NexGen Energy (TSX, NYSE: NXE; ASX: NXG) has started construction of its C$2.2-billion ($1.6-billion) Rook I uranium project in Saskatchewan, advancing what could become one of the world’s largest new sources of uranium.\nThe underground mine and mill are expected to take about four years to build and are designed to eventually produce about 30 million lb. of uranium annually. By comparison, Cameco’s McArthur River-Key Lake operations are licensed to produce 25 million lb. annually, with 2026 guidance of 14 million to 16.5 million pounds.\n“This groundbreaking commemorates the work already underway and the progress that has brought us to this milestone — another major step toward production and becoming a leading supplier of uranium for the next generation of nuclear energy,” NexGen said in a post on X.\nRook I’s development comes as nuclear power assumes a larger role in meeting growing electricity demand, increasing the strategic importance of uranium supplies. Canada is also seeking to expand its position in the global nuclear fuel market while strengthening domestic supply chains.\nBuilding Rook I\nMajor earthworks and surface infrastructure are already advancing at the project, NexGen said. An initial 3,000-foot airstrip has been commissioned and expanded site accommodations are complete and occupied.\nThe company expects to finish the full 5,840-foot airstrip by year-end, while shaft development is planned for 2027.\n\nCanada can double uranium exports by 2035, but execution remains biggest risk, Marsh says\n\nThe Canadian Nuclear Safety Commission approved NexGen’s environmental assessment in March and granted a licence to construct Rook I, clearing the project’s final regulatory hurdle before construction.\nA 2021 feasibility study outlined an 11-year mine life producing 233.6 million lb. of yellowcake. The study estimated an after-tax net present value at an 8% discount rate of C$3.5 billion, a 52.4% internal rate of return and a 0.9-year payback period.\nThe scale of Rook I would put NexGen among major uranium suppliers if the project reaches its targeted production rate, but the mine still faces a multiyear construction and development period before production can begin.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.48.0","shortVersion":"4.48.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2659128948","isCrawlerRequest":true}