NexGen Energy (ASX: $NXG) financing announcement

NexGen Energy Ltd. (ASX: $NXG) has secured firm commitments to raise A$250 million through the issue of 20,161,290 new CHESS Depository Interests at a price of A$12.40 per New CDI. The Offering is intended to enhance the liquidity, trading volumes, and market capitalization of the Company's CDIs. The net proceeds will be used to fund the continued development and further exploration of its mineral properties, and for general corporate purposes.

Executive Commentary on the Financing

The Company is pleased to have received firm commitments for the equity financing, which will significantly contribute to our ongoing development and exploration efforts. This financing will bolster our liquidity and trading volumes, enabling us to further advance our mineral properties and drive our corporate objectives forward.

Summary of NexGen Energy's Financing Announcement

NexGen Energy (ASX: $NXG) has successfully secured A$250 million through an equity financing, aimed at enhancing liquidity and funding the development and exploration of its mineral properties. The Offering, not underwritten, is conditional on regulatory approvals and is expected to settle by 15 May 2024. Additionally, the Company has amended its Equity Distribution Agreement to reduce the aggregate value of ATM Shares offered under the ATM Program. The net proceeds from both the Offering and the ATM Program will be utilized for the Company's continued development and exploration of mineral properties, and for general corporate purposes. The Company's proactive approach to financing reflects its commitment to advancing its projects and achieving its strategic goals.