NexGen Energy's announcement of upsized CDI offering

NexGen Energy Ltd. (ASX: $NXG) has announced an upsized C$224 million common shares offering in Australia. The company has entered into an amended and restated placement agreement with Aitken Mount Capital Partners to increase the offering to 20,161,290 common shares at a price of C$11.11 per share, aiming to enhance liquidity, trading volumes, and market capitalization of the Company's CHESS Depositary Interests (CDIs) listed on the ASX.

Executive commentary on the upsized CDI offering

The net proceeds from the offering will be utilized to fund the continued development and further exploration of the Company's mineral properties, as well as for general corporate purposes. The offering is expected to close on or about May 15, 2024, with settlement through newly-issued CDIs listed on the ASX. The Company aims to leverage this offering to strengthen its position and drive its strategic initiatives forward.

Summary of NexGen Energy's announcement

NexGen Energy Ltd. has announced an upsized C$224 million CDI offering in Australia, aimed at enhancing liquidity, trading volumes, and market capitalization of the Company's CHESS Depositary Interests listed on the ASX. The net proceeds from the offering will be used to fund the continued development and further exploration of the Company's mineral properties, and for general corporate purposes. The offering is expected to close on or about May 15, 2024, with settlement through newly-issued CDIs listed on the ASX. This strategic move aligns with NexGen Energy's commitment to advancing its mineral projects and strengthening its position in the market.