Global Materials | Industrials | Commodities

Rahul Jain

Equity Bottom-Up

<ul>
<li>NexGen is preparing to begin construction of its fully permitted Rook I uranium project, targeting production by late 2027.</li>
<li>Rook I offers 29.2 Mlbs/year output at US$9.98/lb, among the industry’s lowest costs. With 240 Mlbs in reserves and 24-year mine life, it ranks as a top-tier long-duration uranium asset.</li>
<li>Valuation premium reflects low cost, high-grade profile, and uranium demand tailwinds—but hinges on timely permits, financing, and execution.</li>
</ul>


NexGen is preparing to begin construction of its fully permitted Rook I uranium project, targeting production by late 2027.
Rook I offers 29.2 Mlbs/year output at US$9.98/lb, among the industry’s lowest costs. With 240 Mlbs in reserves and 24-year mine life, it ranks as a top-tier long-duration uranium asset.
Valuation premium reflects low cost, high-grade profile, and uranium demand tailwinds—but hinges on timely permits, financing, and execution.


NexGen Energy Ltd. (TSX: NXE, NYSE: NXE) – Advancing a World-Class Uranium Asset Toward Production

Research from Atrium Research, Atrium Research Corporation

Atrium Research

Research from Atrium Research

Atrium Research Corporation

Atrium Research provides institutional quality issuer paid research on public equities in North America. Our investment philosophy takes a 3-5 year view on equities currently being overlooked by the market. Our research process emphasizes understanding the key performance metrics for each specific company, trustworthy management teams, unit economics, and an in-depth valuation analysis. 

Our research product includes in-depth initiation reports, research notes, thematic research pieces, and company fact sheets.

<ul>
<li>Uranium spot prices are up 84% since our last report in late 2022, yet we still expect further momentum in the sector.</li>
<li>The sentiment on nuclear power from governments around the world has begun to shift, with many nations ramping plans for reactors.</li>
<li>While new mines begin production and future mines achieve financing, we continue to believe the current spot price is too low in the short term.</li>
</ul>


Uranium spot prices are up 84% since our last report in late 2022, yet we still expect further momentum in the sector.
The sentiment on nuclear power from governments around the world has begun to shift, with many nations ramping plans for reactors.
While new mines begin production and future mines achieve financing, we continue to believe the current spot price is too low in the short term.


IsoEnergy Ltd - Uranium: Only Getting Started

Canada

IsoEnergy Ltd. operates as a mineral exploration company. The Company focuses on the acquisition and exploration of mineral properties in the Athabasca Basin of Saskatchewan. IsoEnergy conducts business in Canada.

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IsoEnergy (ISO CN)

NexGen Energy Ltd. (TSX: NXE, NYSE: NXE) – Advancing a World-Class Uranium Asset Toward Production

NexGen set to construct Rook I uranium project with low costs, high reserves, and long mine life, aiming for production by 2027. Valuation depends...

Rahul Jain

IsoEnergy Ltd - Uranium: Only Getting Started

The sentiment on nuclear power from governments around the world has begun to shift, with many nations ramping plans for reactors.

Atrium Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

NexGen Energy Ltd. (TSX: NXE, NYSE: NXE) – Advancing a World-Class Uranium Asset Toward Production

​NexGen set to construct Rook I uranium project with low costs, high reserves, and long mine life, aiming for production by 2027. Valuation depends...

Rahul Jain

IsoEnergy Ltd - Uranium: Only Getting Started

The sentiment on nuclear power from governments around the world has begun to shift, with many nations ramping plans for reactors.

Atrium Research

NexGen set to construct Rook I uranium project with low costs, high reserves, and long mine life, aiming for production by 2027. Valuation depends...