VANCOUVER, BC, Jan. 6, 2023
/CNW/ - NexGen Energy Ltd. ("NexGen" or the
"Company") (TSX: NXE) (NYSE: NXE) (ASX:
NXG) announced today that it has established an at-the-market
equity program (the "ATM Program") to offer and sell up to
C$250 million of common shares from
treasury ("Common Shares").
Sales of Common Shares, if any, will be made pursuant to the
terms of an equity distribution agreement dated January 6, 2023 (the "Sales Agreement")
among the Company, Virtu ITG Canada Corp., as Canadian agent, and
Virtu Americas, LLC, as U.S. agent (together, the "Agents"),
on the TSX and/or the NYSE, and/or any other marketplace for the
Common Shares in Canada or
the United States or as otherwise
agreed between the Agents and the Company. The volume and timing of
sales under the ATM Program, if any, will be determined in the
Company's sole discretion, and at the market price prevailing at
the time of each sale, and, as a result, sale prices may vary.
The ATM Program will be effective until the earlier of the sale
of all of the Common Shares issuable pursuant to the ATM Program
and January 29, 2025, unless
terminated prior to such date by the Company or the Agents.
The ATM Program is being made pursuant to a prospectus
supplement dated January 6, 2023 (the
"Prospectus Supplement") to the Company's final short form
base shelf prospectus filed in all provinces and territories of
Canada dated December 29, 2022 (the "Base Shelf
Prospectus"), and pursuant to a prospectus supplement dated
January 6, 2023 (the "U.S.
Prospectus Supplement") to the Company's U.S. base prospectus
(the "U.S. Base Prospectus") included in its registration
statement on Form F-10 (the "Registration Statement") (File
No. 333-266575) filed with the United States Securities and
Exchange Commission on August 15,
2022 (collectively, the Prospectus Supplement, Base Shelf
Prospectus, U.S. Prospectus Supplement, the U.S. Base Prospectus
and Registration Statement, the "Offering Documents").
As outlined in the Offering Documents, the Company intends to
use the net proceeds from the ATM Program, if any, to fund the
continued development and further exploration of its mineral
properties, and for general corporate purposes.
Potential investors should read the Offering Documents, Sales
Agreement and other documents the Company has filed for more
complete information about the Company and the ATM Program. Listing
of the Common Shares sold pursuant to the ATM Program on the TSX
and/or the NYSE will be subject to fulfilling all applicable
listing requirements.
About NexGen
NexGen is a British Columbia
corporation focused on the development of the Rook I Project
located in the southwestern
Athabasca Basin, Saskatchewan, Canada, into
production.
Copies of Offering
Documents
The Prospectus Supplement, the Base Shelf Prospectus and the
Sales Agreement are available at www.sedar.com and the U.S.
Prospectus Supplement, the U.S. Base Prospectus and the
Registration Statement are available at www.sec.gov. Alternatively,
the Agents will send copies of the Prospectus Supplement and the
Base Shelf Prospectus or the U.S. Prospectus Supplement and the
U.S. Base Prospectus, as applicable, upon request by
contacting:
Virtu Americas LLC
Attn Capital Markets
1633 Broadway | New York, NY
10019
ATM@Virtu.Com
Virtu ITG Canada
Attn Capital Markets
222 Bay Street | Suite 1720 | Toronto,
ON M5K 1B7
ATMCanada@Virtu.com
No securities regulatory authority has either approved or
disapproved of the contents of this press release. This press
release is for information purposes only and does not constitute an
offer to sell or the solicitation of an offer to buy the Common
Shares, nor shall there be any sale of these securities in any
state or jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
Forward-Looking
Information
The information contained herein contains "forward-looking
statements" within the meaning of applicable United
States securities laws and regulations and "forward-looking
information" within the meaning of applicable Canadian securities
legislation. "Forward-looking information" includes, but is not
limited to, anticipated sale and distribution of Common Shares
under the ATM Program and the volume and timing of the sale and
distribution of Common Shares under the ATM Program and the
expected uses of the net proceeds from any sales of Common Shares.
Generally, but not always, forward-looking information and
statements can be identified by the use of words such as "plans",
"expects", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates", or "believes" or the
negative connotation thereof or variations of such words and
phrases or state that certain actions, events or results "may",
"could", "would", "might" or "will be taken", "occur" or "be
achieved" or the negative connotation thereof.
Forward-looking information and statements are based on the
then current expectations, beliefs, assumptions, estimates and
forecasts about NexGen's business and the industry and markets in
which it operates. Forward-looking information and statements are
made based upon numerous assumptions, including among others, that
the mineral reserve and resources estimates and the key assumptions
and parameters on which such estimates are based are as set out in
the technical report for the property , the results of planned
exploration activities are as anticipated, the price and market
supply of uranium, the cost of planned exploration activities, that
financing will be available if and when needed and on reasonable
terms, that third party contractors, equipment, supplies and
governmental and other approvals required to conduct NexGen's
planned exploration activities will be available on reasonable
terms and in a timely manner and that general business and economic
conditions will not change in a material adverse manner. Although
the assumptions made by the Company in providing forward looking
information or making forward looking statements are considered
reasonable by management at the time, there can be no assurance
that such assumptions will prove to be accurate in the
future.
Forward-looking information and statements also involve known
and unknown risks and uncertainties and other factors, which may
cause actual results, performances and achievements of NexGen to
differ materially from any projections of results, performances and
achievements of NexGen expressed or implied by such forward-looking
information or statements, including, among others, the existence
of negative operating cash flow and dependence on third party
financing, uncertainty of the availability of additional financing,
the risk that pending assay results will not confirm previously
announced preliminary results, conclusions of economic valuations,
the risk that actual results of exploration activities will be
different than anticipated, the cost of labour, equipment or
materials will increase more than expected, that the future price
of uranium will decline or otherwise not rise to an economic level,
the appeal of alternate sources of energy to uranium-produced
energy, that the Canadian dollar will strengthen against the U.S.
dollar, that mineral resources and reserves are not as estimated,
that actual costs or actual results of reclamation activities are
greater than expected, that changes in project parameters and plans
continue to be refined and may result in increased costs, of
unexpected variations in mineral resources and reserves, grade or
recovery rates or other risks generally associated with mining,
unanticipated delays in obtaining governmental, regulatory or First
Nations approvals, risks related to First Nations title and
consultation, reliance upon key management and other personnel,
deficiencies in the Company's title to its properties, uninsurable
risks, failure to manage conflicts of interest, failure to obtain
or maintain required permits and licences, risks related to changes
in laws, regulations, policy and public perception, as well as
those factors or other risks as more fully described in NexGen's
Annual Information Form dated February 25,
2022 filed with the securities commissions of all of the
provinces of Canada except
Quebec and in NexGen's 40-F filed
with the United States Securities and Exchange Commission, which
are available on SEDAR at www.sedar.com and Edgar
at www.sec.gov.
Although the Company has attempted to identify important
factors that could cause actual results to differ materially from
those contained in the forward-looking information or statements or
implied by forward-looking information or statements, there may be
other factors that cause results not to be as anticipated,
estimated or intended. Readers are cautioned not to place undue
reliance on forward-looking information or statements due to the
inherent uncertainty thereof.
There can be no assurance that forward-looking information
and statements will prove to be accurate, as actual results and
future events could differ materially from those anticipated,
estimated or intended. Accordingly, readers should not place undue
reliance on forward-looking statements or information. The Company
undertakes no obligation to update or reissue forward-looking
information as a result of new information or events except as
required by applicable securities laws.
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SOURCE NexGen Energy Ltd.