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- Last 2026-11-06
- A$11.4
- 1D
- —
- 1M
- —
- YTD
- —
- 1Y
- —
- Fair value
- Locked: sign in to view
- Upside
- Locked: sign in to view
- Mkt cap
- A$7.7B
- EV
- A$7.2B
- Cash
- A$770.3M
- Debt
- A$623.8M
Investment view
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Sign in or enter a guest codeAnnouncements
Latest 12 of 7All sources ▸- September2026 CDI and issued securities statementCorporate Action
- September2026 interest share issuance cleansing noticeResults
- August2026 Patterson Corridor East drilling updateResource Update
- Appointment of Ryan Podrasky as CFOLeadership
- May2026 final2025 assay releaseResource Update
- Q1 2026 interim financial statementsResults
- Final federal Rook I construction approvalPermitting
Event calendar · next 12 months
3 events| Timing | Event | Category | Confidence | Materiality | Investor relevance |
|---|---|---|---|---|---|
| Remaining2026 watch window; no exact release date disclosed | PCE summer drilling assays and follow-up programme | Exploration | Inferred | Medium | Grade and continuity must confirm radiometry before resource or projectvalue is added. |
| Remaining2026 watch window; no exact release date disclosed | 2026 construction progress and procurement update | Construction Or Commissioning | Inferred | High | Proof of works, cost control and critical path can reduce or increase execution haircut. |
| Remaining2026 watch window; no exact release date disclosed | Construction funding package and budget reconciliation | Financing | Inferred | High | Committed funding and terms determine dilution and whetherCAD2.2bn project can be completed. |
Executive roster
As of 2026-10-13Background checks ▸CurrentOctoberpresentation namedleadership plusMayCFOappointment; companysecretary/executivedirectorcompletelist notfullyverified.
| Executive | Title | Normalized role | Appointed | Sources |
|---|---|---|---|---|
| Leigh Curyer | President and Chief Executive Officer | Chief Executive | — | October 2026 corporate presentation |
| Ryan Podrasky | Chief Financial Officer | Finance | 2026-05-25 | October 2026 corporate presentation · Appointment of Ryan Podrasky as CFO |
| Travis McPherson | Chief Commercial Officer | Commercial | — | October 2026 corporate presentation |
| Monica Kras | VP Corporate Development | Senior Management | — | October 2026 corporate presentation |
| Luke Moger | VP Environment Permitting and Licensing | Technical | — | October 2026 corporate presentation |
| Dylan Smart | VP Regional Development | Senior Management | — | October 2026 corporate presentation |
| Jason Craven | VP Exploration | Technical | — | October 2026 corporate presentation |
| Chris Copley | Project Director | Operations | — | October 2026 corporate presentation |
| Don Merriman | VP Engineering | Technical | — | October 2026 corporate presentation |
| Sheila Chernys | VP Health Safety Environment and Radiation | Operations | — | October 2026 corporate presentation |
| Becky Douglas | Director Procurement | Operations | — | October 2026 corporate presentation |
| Chris Komperdo | Area Manager | Operations | — | October 2026 corporate presentation |
| Bryan Dyck | Lead Processing and Metallurgy | Technical | — | October 2026 corporate presentation |
devCoverage status: Partial
Portfolio detail
Assets
Core asset
Rook I / Arrow
Canada
Construction100% ownedUranium
Licensed construction began8June2026; operating licence and financing completion remain
- Study
- 2021 FS with August 2024 interim cost trend update
- Post-tax NPV (study prices, attributable)
- A$4.9bd
- NPV restated at our deck (attributable)
- Locked
- IRR
- 39.6%s
- Initial capex (100%)
- A$2.2bd
- Capital intensity
- —
- LoM AISC
- —
- Mine life
- 10.7 yrss
Published study economicsIssuer or study metrics
NPVC$4.9B8% discount
IRR39.6%Published return
Initial capexC$2.2BPublished capital estimate
Operating cost13.86CAD/lb
Published2024 interim trend sensitivity atUSD80/lb; aftertax,100%, not current detailed engineering estimate.
Resources & reserves4
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | Measured | 2.2M t | 4.35% U3O8 | Uranium | 2019-07-19 |
| Mineral Resource | Indicated | 1.6M t | 1.36% U3O8 | Uranium | 2019-07-19 |
| Mineral Resource | Inferred | 4.4M t | 0.83% U3O8 | Uranium | 2019-07-19 |
| Ore Reserve | Probable | 4.6M t | 2.37% U3O8 | Uranium | 2021-01-21 |
Tenements1
Milestones3
- Federal construction approval
Achieved · High materiality
- Licensed construction commenced
Achieved · High materiality
- Circa2030 production inferred from4year build, subject to commissioning
Pending · High materiality
Permits & approvals2
| Permit | Jurisdiction | Status | Expiry | Critical path |
|---|---|---|---|---|
| CNSC licence to prepare site and construct | Canada federal | Granted | — | Yes |
| Future operating licence | Canada federal | Required | — | Yes |
Economic studies1
| Study | Stage | Status | Date | Summary |
|---|---|---|---|---|
| 2021 NI43-101 feasibility study | DFS | Reaffirmed | 2021-03-10 | Finite10.7year mine plan;2024 Interim Trend Update is cost sensitivity, not replacement feasibility study. |
Material
Patterson Corridor East and regional Athabasca exploration
Canada
Discovery Drill Stage100% ownedUranium
PCE drilling discovery and regional prospects; no standalone resource or economics
- Ownership
- 100%
- Commodity
- U3O8r
- Country
- CAr
- Best recent intercept (grade x width)
- 67.6 %-md
- Metres drilled (12M)
- —
- Exploration spend (12M)
- —
d derivedr our researchg guidances study forecastm daily marketNo marker: as reported— / NM missing or not meaningful (hover for why)
Stock database
Other assets
- Investee
- IsoEnergy Ltd
- Holding
- 27.8%
- Shares held
- —
- Market value
- —
- % of holder's market cap
- —
- Cost basis
- A$184.1md
- Ownership
- 100%
- Description
- Strategic investment inventory:2,702,411lb U3O8; not mined production
- Book value
- A$347.5md
Funding, performance and ownership
Financials & Capital
Liquidity
Financial position
ReportedJune cashC$756.173m plus short-term investmentsC$214.080m =C$970.253m. Restricted cashC$5.250m excluded. Total initial construction budgetC$2.2bn inQ42023 dollars exceeds treasury. June convertible fair value is historical accounting value; valuation separately dates estimated remaining principal and coupons using September security reconciliation. Structured AUDfinancial comparisons useJune30FX; originalCADfacts retained.
Inventory composition1
Purchased strategic uranium inventory is separate from future mine production; carrying value retained as reported. Estimated liquidation value is an analyst valuation in the equity bridge.
- Purchased strategic uranium inventory
- A$347.5M carrying · 2,702,411 lb
Capital structure
Ownership and dilution
- Ordinary shares
- 676.9M
- Fully diluted
- 757.2M
Global common shares676,884,770 =126,112,733CDIs +550,772,037non-CDI common shares at30September2026. Potential dilution46,703,163options plus33,654,191convertible shares; ordinary quote is1:1CDI. June670,506,101shares increased6,378,669bySeptember. Potential convertible shares decreased5,917,159; exact tranche split undisclosed. Valuation uses ordinary shares after separate existing-option economic claim; remaining debt is a dated cash claim, so possible convertible shares are not added again.
Security classes3
| Class | Type | Quantity | Strike | Expiry |
|---|---|---|---|---|
| CDIs126112733 plus nonCDI common550772037, no double count | Ordinary Share | 676.9M | — | — |
| Various strikes/expiry; current exactASX aggregate | Option | 46.7M | — | — |
| Potential ordinary shares fromconvertibles; not debt principal quantity | Convertible | 33.7M | — | — |
KPI history
Operating metrics
Operating metric source table4
| Metric | Project | Period | Period type | Value | Status |
|---|---|---|---|---|---|
| Unrestricted cash | Company | 2024-12-31 | Point In Time | 476,587,000 CAD | Reported |
| Unrestricted cash | Company | 2025-12-31 | Point In Time | 802,578,000 CAD | Reported |
| Unrestricted cash | Company | 2026-03-31 | Point In Time | 655,437,000 CAD | Reported |
| Unrestricted cash | Company | 2026-06-30 | Point In Time | 756,173,000 CAD | Reported |
Company guidance1
| Metric | Project | Period | Low | High | Status |
|---|---|---|---|---|---|
| 2026Pcedrilling | pce-regional | 2026 | 42,000 | 42,000 m | Current |
Capital history
Capital events
| Date | Event | Amount | Shares | Price | Status | Terms |
|---|---|---|---|---|---|---|
| 2026-09-23Ann. 2026-09-25 | Debt | — | 29.8K | — | Completed | — |
| 2025-10-15 | Raising | C$903.7M | 78.9M | — | Completed | — |
Contracts and ownership
Material economic arrangements These are deals that can affect sales, costs, funding or ownership. An arrangement marked “Included in valuation” may already be built into a project estimate or the bridge to shareholder value. A separate amount is shown only when one can be estimated; do not add it again.
ReviewedAIF2025,Q2notes,contracts2026presentation; privateofftakeandbenefitagreementsfulltermsundisclosed. Materialhedge,royalty,debtandhistoricalcarryrecorded.
Private royalty and provincial profit/revenue royalties already included in trend NPV.
Royalty · Active- Counterparties
- Advance Royalty Corporation
- Applies to
- Rook I / Arrow · Uranium
- Economic direction
- Burden
- Period
- Dates not stated
- Key terms
- NSR: 2 %
Buydown: 1,000,000 CAD
How it affects our valuation
No valuation treatment is available for this arrangement.
Delivery starts commercial production; first three pricing examples atUSD80 yieldsUSD79, high spot partly capped.
Offtake · Active- Counterparties
- Major US nuclear utilities (not named)
- Applies to
- Rook I / Arrow · Uranium
- Economic direction
- Mixed
- Period
- From 2024-12-04; no end date stated
- Key terms
- Contracted volume: 11,700,000 lb
First three contracts: 5,000,000 lb
Pricing: Market related with floors/ceilings on some contracts
How it affects our valuation
No valuation treatment is available for this arrangement.
All primary impacted Indigenous Nations support the project; economics of individual benefit agreements not separately public.
Strategic Partnership · Active- Counterparties
- Clearwater River Dene Nation · Birch Narrows Dene Nation · Buffalo River Dene Nation · Métis Nation Saskatchewan and Northern Region2
- Applies to
- Rook I / Arrow · Uranium
- Economic direction
- Mixed
- Period
- Dates not stated
- Key terms
- Coverage: Approval through closure
How it affects our valuation
No valuation treatment is available for this arrangement.
Forward hedges cash coupons rather than mine uranium revenues or entire principal.
FX Hedge · Active- Counterparties
- Financial institution (not named)
- Applies to
- Company-wide
- Economic direction
- Mixed
- Period
- From 2025-01-22; no end date stated
- Key terms
- Notional: 60,000,000 USD
Average contract rate: 1.39 CAD/USD
Settlement: 1 to3years fromJune2026
Fair value: 219,000 CAD
How it affects our valuation
No valuation treatment is available for this arrangement.
June principalUS$360m; September possible conversion shares decline5,917,159. Remaining principal boundedUS$296.51–320m depending tranche conversion; selectedupperbound320m, not reported guidance. 6%cash plus3%sharecoupon; actual maturitiesSeptember2028/May2029.
Other · Active- Counterparties
- QRC · Washington H Soul Pattinson · MMCap
- Applies to
- Company-wide
- Economic direction
- Burden
- Period
- Dates not stated
- Key terms
- Cash coupon: 6 %
Share coupon: 3 %
Principal atJune2026: 360,000,000 USD
PotentialsharesSeptember: 33,654,191 shares
Maturity: 2028-09-22 and2029-05-29
How it affects our valuation
No valuation treatment is available for this arrangement.
Community hotel partnership is execution support; do not add speculative standalone hotel enterprise value.
Strategic Partnership · Active- Counterparties
- Indigenous community development partners
- Applies to
- Rook I / Arrow · Uranium
- Economic direction
- Mixed
- Period
- From 2026-01-22; no end date stated
- Key terms
- Hotel partnership: LaLoche community andRookI support
How it affects our valuation
No valuation treatment is available for this arrangement.
Historical10%productioncarry acquired inQ32025; terminated and no ongoing deduction from100%ownership.
Free Carry · Terminated- Counterparties
- RioTinto
- Applies to
- Rook I / Arrow · Uranium
- Economic direction
- Burden
- Period
- Dates not stated
- Key terms
- Historicalcarry: 10 %
How it affects our valuation
This arrangement has ended; no current valuation treatment is required.
Intrinsic value
Valuation
Valuation
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Sign in or enter a guest codeResource-price transmission
Sensitivity lab
Sensitivity lab
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Sign in or enter a guest codePeople, delivery and responsibility
Management background checks
NexGen has advanced Rook I through federal construction licensing but does not yet have an operating licence. The team combines uranium exploration, project and finance backgrounds, but evidence is limited for several senior delivery staff. A federal regulator upheld a company violation for pre-licence works. Permitting VP Moger signed a 2018 undertaking on historic engineering-title use, and the Mount Polley investigation documents his former tailings management role; the source does not determine that he personally caused the dam breach.
Decision-relevant facts
Material summary
Leigh Curyer
President and Chief Executive Officer
Company SuccessDocumented · High materiality
Federal construction licence granted
In March 2026 the CNSC issued the company a licence to prepare the site and construct Rook I. It explicitly does not authorize operation, which requires a future licensing decision.
Role overlaps event; causation unproven · Curyer was CEO while the company secured the licence; the regulatory process and project development involved the wider team.
Commission issues Rook I construction licence · Licence scope and decision
October 2026 corporate presentation · PDF p.32 CEO
GovernanceDocumented · High materiality
Unlicensed site-preparation violation upheld
In December 2024 the CNSC issued a C$29,080 penalty for constructing two arrays of cased drill holes without a site-preparation licence. NexGen disputed the classification as exploration. In its 2025 determination, the Commission upheld the violation while reducing the penalty to C$11,920 and acknowledged a need for clearer definitions.
Role overlaps event; causation unproven · This is a finding against the company while Curyer was CEO; no personal misconduct finding against him was identified.
Record of determination DET 25-H109 · pp.1–3, 19: review, findings and corrected penalty
2026 management information circular · CEO biography
Evidence gaps · 2
- Independent verification of qualifications, complete career dates, prior-employer outcomes and comprehensive regulator/court records is incomplete.
- The documented name-and-employer search is a limited open-web screen and is not criminal, sanctions or litigation clearance.
Ryan Podrasky
Chief Financial Officer
Company SuccessIssuer Reported · Medium materiality
Finance role during coal-business separation
NexGen reports Podrasky served as acting CFO during the separation of Teck’s coal business, helping establish the standalone entity’s finance and governance infrastructure. Teck’s 2023 presentation names him as CFO in the proposed separate entity. The claimed individual contribution is issuer-reported.
Role overlaps event; causation unproven · Finance leadership is documented; the completed transaction and business results do not independently establish his personal contribution.
Appointment of Ryan Podrasky as CFO · Biography and separation
EnvironmentDocumented · Medium materiality
Elk Valley water-quality penalties
Business in Vancouver reported that in October 2025 BC assessed more than C$3.6 million in administrative penalties against Elk Valley Resources Operations for water-treatment delays and water-limit breaches in 2018–2023. EVR said it was reviewing the penalties and described water-treatment investments and improvement downstream of treatment. The original decision and any later appeal outcome were not obtained.
Employer context; no individual link established · Podrasky held a finance role in the coal business; his precise tenure during individual underlying incidents and any personal involvement are not established.
Elk Valley treatment delays and pollution penalties · Penalty details and EVR response
Elk Valley Resources presentation · p.5 finance leadership
Evidence gaps · 2
- Independent verification of qualifications, complete career dates, prior-employer outcomes and comprehensive regulator/court records is incomplete.
- The documented name-and-employer search is a limited open-web screen and is not criminal, sanctions or litigation clearance.
Travis McPherson
Chief Commercial Officer
Personal SuccessIssuer Reported · Medium materiality
Issuer describes involvement in financing and IsoEnergy
NexGen says McPherson contributed to raising equity and structured finance and to establishing IsoEnergy. The reviewed source does not independently quantify his personal contribution to individual transactions.
Individual involvement documented · The issuer attributes a role to him; transaction-level personal contribution has not been independently quantified.
Leadership team · Travis McPherson biography
Evidence gaps · 2
- Independent verification of qualifications, complete career dates, prior-employer outcomes and comprehensive regulator/court records is incomplete.
- The documented name-and-employer search is a limited open-web screen and is not criminal, sanctions or litigation clearance.
Monica Kras
VP Corporate Development
EducationDisputed · Medium materiality
Canaccord start year conflicts between biographies
The NexGen biography states Kras joined Canaccord in 2014 and reports an economics degree. A CFA Society event biography says 2024. The exact year and degree have not been independently verified.
Responsibility not applicable · These are inconsistent third-party biography statements; no misstatement is inferred.
Leadership team · Monica Kras biography
NexGen speaker biography · Speaker biography
Evidence gaps · 3
- Independent verification of qualifications, complete career dates, prior-employer outcomes and comprehensive regulator/court records is incomplete.
- The documented name-and-employer search is a limited open-web screen and is not criminal, sanctions or litigation clearance.
- Canaccord start year is stated as 2014 by NexGen and 2024 by the CFA event biography; the discrepancy is unresolved.
Luke Moger
VP Environment Permitting and Licensing
GovernanceDocumented · High materiality
2018 professional-title undertaking
In a signed 2018 undertaking with Engineers and Geoscientists BC, Moger agreed that between 2011 and 2016 he used the titles project engineer and mining engineer while not registered with or licensed by the association, that this breached the then Act, and that he stopped promptly when notified. NexGen’s 2024 environmental statement later describes him as a professional engineer; the date and current status of any registration were not independently established.
Individual involvement documented · The undertaking records Moger’s own agreed conduct and response. It does not find that this caused the Mount Polley breach, and it does not establish his later or current registration status.
Moger letter of undertaking, professional title · pp.1–2, agreed facts and signed undertaking
Rook I environmental impact statement, key company personnel · p.1-9, Moger biography
EnvironmentDocumented · High materiality
Mount Polley tailings role and documented warning
The BC chief inspector’s report says tailings-facility responsibilities devolved to Moger and other water-management personnel in 2012 and identifies unclear responsibilities and diffuse water-management accountability. The tailings dam breached in August 2014. It records that Moger did not see a concern with an unfilled toe excavation, while acknowledging that such an excavation would reduce the factor of safety. Contemporary reporting also says he warned in a 2013 liaison meeting that rising tailings water required action.
Individual involvement documented · The source establishes a specific role and records his account of the excavation, while the investigation describes organizational and engineering factors; it does not establish individual legal culpability for the breach. His reported warning is included as relevant context.
Mount Polley tailings breach investigation · pp.137, 146, excavation and water-management responsibilities
Independent opinion supporting Mount Polley investigation · p.122, organizational structure
Mount Polley disaster followed years of permit delays · 2013 liaison warning
GovernanceDocumented · High materiality
Rook I site-preparation violation and later licence
The CNSC determined that NexGen conducted site-preparation work without the required licence, and corrected the penalty to C$11,920. It later granted a construction licence in March 2026; this did not authorize operations. NexGen had contested the classification of the earlier work as site preparation.
Role overlaps event; causation unproven · Moger held NexGen’s permitting role during the process; the finding is against NexGen and does not attribute individual misconduct.
Record of determination DET 25-H109 · pp.1–3 and 19, determination and company position
Rook I environmental impact statement, key company personnel · p.1-9, VP permitting role
Commission issues Rook I construction licence · Licence scope
Evidence gaps · 4
- Independent verification of qualifications, complete career dates, prior-employer outcomes and comprehensive regulator/court records is incomplete.
- The documented name-and-employer search is a limited open-web screen and is not criminal, sanctions or litigation clearance.
- Current independent engineering register status and any later individual investigation outcomes were not independently verified.
- Original liaison committee minutes underlying the 2013 warning were not retrieved; the warning is cited to independent reporting.
Dylan Smart
VP Regional Development
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 2
- Independent verification of qualifications, complete career dates, prior-employer outcomes and comprehensive regulator/court records is incomplete.
- The documented name-and-employer search is a limited open-web screen and is not criminal, sanctions or litigation clearance.
Jason Craven
VP Exploration
Personal SuccessIssuer Reported · Medium materiality
Named qualified person for technical disclosures
The company’s 2026 circular identifies Craven as the qualified person who reviewed and approved technical information. The source establishes a signed disclosure responsibility, not a verified independent assessment of the information.
Individual involvement documented · Issuer explicitly names the person and his professional role in the disclosure.
2026 management circular, technical disclosure · Technical disclosure
Evidence gaps · 2
- Independent verification of qualifications, complete career dates, prior-employer outcomes and comprehensive regulator/court records is incomplete.
- The documented name-and-employer search is a limited open-web screen and is not criminal, sanctions or litigation clearance.
Chris Copley
Project Director
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 3
- Independent verification of qualifications, complete career dates, prior-employer outcomes and comprehensive regulator/court records is incomplete.
- The documented name-and-employer search is a limited open-web screen and is not criminal, sanctions or litigation clearance.
- Previous employer identities, exact tenure and individual project outcomes are incompletely documented in the issuer presentation.
Don Merriman
VP Engineering
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 3
- Independent verification of qualifications, complete career dates, prior-employer outcomes and comprehensive regulator/court records is incomplete.
- The documented name-and-employer search is a limited open-web screen and is not criminal, sanctions or litigation clearance.
- Previous employer identities, exact tenure and individual project outcomes are incompletely documented in the issuer presentation.
Sheila Chernys
VP Health Safety Environment and Radiation
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 2
- Independent verification of qualifications, complete career dates, prior-employer outcomes and comprehensive regulator/court records is incomplete.
- The documented name-and-employer search is a limited open-web screen and is not criminal, sanctions or litigation clearance.
Becky Douglas
Director Procurement
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 3
- Independent verification of qualifications, complete career dates, prior-employer outcomes and comprehensive regulator/court records is incomplete.
- The documented name-and-employer search is a limited open-web screen and is not criminal, sanctions or litigation clearance.
- Previous employer identities, exact tenure and individual project outcomes are incompletely documented in the issuer presentation.
Chris Komperdo
Area Manager
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 3
- Independent verification of qualifications, complete career dates, prior-employer outcomes and comprehensive regulator/court records is incomplete.
- The documented name-and-employer search is a limited open-web screen and is not criminal, sanctions or litigation clearance.
- Previous employer identities, exact tenure and individual project outcomes are incompletely documented in the issuer presentation.
Bryan Dyck
Lead Processing and Metallurgy
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 4
- Independent verification of qualifications, complete career dates, prior-employer outcomes and comprehensive regulator/court records is incomplete.
- The documented name-and-employer search is a limited open-web screen and is not criminal, sanctions or litigation clearance.
- Previous employer identities, exact tenure and individual project outcomes are incompletely documented in the issuer presentation.
- Lead Processing and Metallurgy versus Director, Processing reflects two issuer descriptions; the date of any title change is unverified.
Company ownership
Investors & shareholders
Registered shareholder list unavailable
The available disclosures below do not provide a complete ranked register.
Disclosed substantial holders
Latest reviewed disclosure for each holder or reporting group
| Investor / reported group | Disclosed holding | Holding at |
|---|---|---|
| 6.46%Issued shares | 2026-03-31 | |
| 5.79%Issued shares | 2026-03-31 | |
| 5.13%Issued shares | 2026-03-31 |
Other named investors
Issuer-confirmed investors whose existing holding is not quantified in the reviewed disclosure
| Investor | Disclosed holding | Confirmed at |
|---|---|---|
| 19.5M shares | 2026-05-11 | |
| 6.2M shares | 2026-05-11 | |
| 1.7M shares | 2026-05-11 | |
| 1.7M shares | 2026-05-11 | |
| 1.1M shares | 2026-05-11 | |
| 839.4K shares | 2026-05-11 | |
| 750.1K shares | 2026-05-11 | |
| 326K shares | 2026-05-11 |
Sources & review notesEvidence checked through 2026-10-31
Coverage and limitations
- No complete dated registered-holder or top-20 list was located. ASX CDIs represent common shares held by CHESS Depositary Nominees or a custodian; CDI accounts must not be mistaken for all global beneficial owners.
- Issuer circular information is generally as at 11 May 2026 and reports no 10% holder to the knowledge of directors and executives; this does not mean that no shareholders own 5% or more.
- Van Eck disclosed 31,200,836 shares and 5.13% as of 31 March 2026; its percentage does not reconcile to issuer’s 661,909,421 shares outstanding on 11 May 2026. Different dates, denominators or filing basis may contribute; the cause was not established.
- Reported manager interests may overlap funds and should not be added to related fund stakes. None of the historical figures should be presented as current.
- The 2026 circular reports Mega Uranium and director holdings but does not disclose a full beneficial ownership list. Director options are excluded from shares.
- The February 2026 Barclays 13G/A reports less than 5% as of December 2025; its exact primary filing was not verified and no current Barclays position is asserted.
Sources
- 2026 management information circular
NexGen Energy / ASX · Published 2026-05-22 · Accessed 2026-10-31
Information as at 11 May unless otherwise stated; director profiles, Mega Uranium, 661,909,421 issued shares, and no shareholder known to directors to control 10% or more.
Pages 33, 36, 42–50; local downloads/NXG/2026/2026-05-22_Management Information Circular - 2026 AGM_b4cdeed4a0f208ad.pdf
- Global X Schedule 13G/A
US SEC / Global X · Published 2026-05-15 · Accessed 2026-10-31
42,608,181 common shares and 6.46% on 31 March 2026.
Cover and Item 6
- L1 Capital Schedule 13G
US SEC / L1 Capital · Published 2026-05-14 · Accessed 2026-10-31
38,278,197 common shares and 5.7909% on 31 March 2026.
Cover and Item 6
- Van Eck Schedule 13G
US SEC / Van Eck · Published 2026-05-15 · Accessed 2026-10-31
31,200,836 common shares and 5.13% as reported on 31 March 2026.
Cover and Item 4
Disclosed activity
Insider transactions
No transactions were identified in this reviewed view.
Disclosed holding observations1 dated positions
Initial, final and threshold notices describe positions; these are not counted as purchases or sales.
| Holding at | Person / group | Type / security | Quantity | Percentage |
|---|---|---|---|---|
| 2023-04-24 | Victor Tzar-Kuoi Li and Ka-shing Li
Details & evidence for Victor Tzar-Kuoi Li and Ka-shing Li on 2023-04-24The circular says this aggregate was reported as of the circular date and registered to Next Global Holdings Limited and Sprinkle Ring Investment Limited, but gives no split. This is a dated point-in-time position only; it does not establish later holdings or a disposal.
Next Global Holdings Limited · shares reported collectively are registered to; allocation not disclosed Sprinkle Ring Investment Limited · shares reported collectively are registered to; allocation not disclosed AGM - Management Information Circular ↗ | PositionCommon Shares | 50,231,497 | 10.31%Issued Shares |
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Narrative and provenance
Research & Sources
AI Analyst Report
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Sign in or enter a guest codeChronological evidenceSource-document inventory19 documents
Local eligible NXG ASX market closeMarket Data · LowExtracted
Eligible local ASX close A$12.20 on 13 October 2026, volume 1,258,203; one CDI equals one common share.
- Document ID
- doc-nxg-price
- Published UTC
- 2026-10-13T00:00:00+00:00
- Projects
- —
- Commodities
- —
Bank of Canada daily AUD/CAD observationMarket Data · LowExtracted
Bank of Canada daily AUD/CAD observation
- Document ID
- doc-nxg-fx
- Published UTC
- 2026-10-09T00:00:00+00:00
- Projects
- —
- Commodities
- —
September2026 CDI and issued securities statementCorporate Action · MediumPartial
September2026 CDI and issued securities statement: reviewed material pages 1,2,3. October deck is month-dated; exact release day unavailable, nominal October1 metadata only.
- Document ID
- doc-nxg-sept-cdi
- Published UTC
- 2026-10-06T04:05:26+00:00
- Projects
- rook-i
- Commodities
- uranium
Australian Government September 2026 Resources and Energy QuarterlyCommodity Data · HighPartial
Table8.1 forecasts uranium US$103.7/lb in2030 and103.9 in2031 in2026 dollars; prices and supply projections, not contractual realization.
- Document ID
- doc-nxg-req
- Published UTC
- 2026-10-02T00:00:00+00:00
- Projects
- rook-i
- Commodities
- uranium
October 2026 corporate presentationPresentation · HighPartial
October 2026 corporate presentation: reviewed material pages 21,22,32,33,36,37,42. October deck is month-dated; exact release day unavailable, nominal October1 metadata only.
- Document ID
- doc-nxg-oct-deck
- Published UTC
- 2026-10-01T00:00:00+00:00
- Projects
- rook-i
- Commodities
- uranium
September2026 interest share issuance cleansing noticeResults · MediumPartial
September2026 interest share issuance cleansing notice: reviewed material pages 1. October deck is month-dated; exact release day unavailable, nominal October1 metadata only.
- Document ID
- doc-nxg-sept-cleansing
- Published UTC
- 2026-09-25T00:28:22+00:00
- Projects
- rook-i
- Commodities
- uranium
August2026 Patterson Corridor East drilling updateResource Update · HighPartial
August2026 Patterson Corridor East drilling update: reviewed material pages 1,2. October deck is month-dated; exact release day unavailable, nominal October1 metadata only.
- Document ID
- doc-nxg-aug-pce
- Published UTC
- 2026-08-26T08:53:32+00:00
- Projects
- pce-regional
- Commodities
- uranium
Q2 2026 interim financial statementsResults · HighPartial
Q2 2026 interim financial statements: reviewed material pages 2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17. October deck is month-dated; exact release day unavailable, nominal October1 metadata only.
- Document ID
- doc-nxg-q2-fs
- Published UTC
- 2026-08-04T00:00:00+00:00
- Projects
- rook-i
- Commodities
- uranium
Q2 2026 Management Discussion and AnalysisResults · HighPartial
Q2 2026 Management Discussion and Analysis: reviewed material pages 6,7,8,9,10,14,15,16,17,18,19. October deck is month-dated; exact release day unavailable, nominal October1 metadata only.
- Document ID
- doc-nxg-q2-mda
- Published UTC
- 2026-08-04T00:00:00+00:00
- Projects
- rook-i
- Commodities
- uranium
BankofCanadaAUD/CAD comparison conversion h1Market Data · LowExtracted
SourceddailyCADperAUDobservations;meanofthedailyreciprocalsforflowcomparison. Count125.
- Document ID
- doc-nxg-fx-h1
- Published UTC
- 2026-06-30T00:00:00+00:00
- Projects
- —
- Commodities
- —
BankofCanadaAUD/CAD comparison conversion q2Market Data · LowExtracted
SourceddailyCADperAUDobservations;meanofthedailyreciprocalsforflowcomparison. Count63.
- Document ID
- doc-nxg-fx-q2
- Published UTC
- 2026-06-30T00:00:00+00:00
- Projects
- —
- Commodities
- —
BankofCanadaAUD/CAD comparison conversion jun30Market Data · LowExtracted
SourceddailyCADperAUDobservations;meanofthedailyreciprocalsforflowcomparison. Count1.
- Document ID
- doc-nxg-fx-jun30
- Published UTC
- 2026-06-30T00:00:00+00:00
- Projects
- —
- Commodities
- —
Appointment of Ryan Podrasky as CFOLeadership · MediumPartial
Appointment of Ryan Podrasky as CFO: reviewed material pages 1,2. October deck is month-dated; exact release day unavailable, nominal October1 metadata only.
- Document ID
- doc-nxg-cfo
- Published UTC
- 2026-05-20T22:19:35+00:00
- Projects
- rook-i
- Commodities
- uranium
May2026 final2025 assay releaseResource Update · HighPartial
May2026 final2025 assay release: reviewed material pages 1,2. October deck is month-dated; exact release day unavailable, nominal October1 metadata only.
- Document ID
- doc-nxg-may-assays
- Published UTC
- 2026-05-07T22:13:24+00:00
- Projects
- pce-regional
- Commodities
- uranium
Q1 2026 interim financial statementsResults · HighPartial
Q1 2026 interim financial statements: reviewed material pages 2. October deck is month-dated; exact release day unavailable, nominal October1 metadata only.
- Document ID
- doc-nxg-q1-fs
- Published UTC
- 2026-05-06T00:06:36+00:00
- Projects
- rook-i
- Commodities
- uranium
Final federal Rook I construction approvalPermitting · HighPartial
Final federal Rook I construction approval: reviewed material pages 1,2. October deck is month-dated; exact release day unavailable, nominal October1 metadata only.
- Document ID
- doc-nxg-permit
- Published UTC
- 2026-03-05T22:19:37+00:00
- Projects
- rook-i
- Commodities
- uranium
2025 audited annual financial statementsResults · HighPartial
2025 audited annual financial statements: reviewed material pages 8,9,10,11,19,20,21,27,28. October deck is month-dated; exact release day unavailable, nominal October1 metadata only. Globalofferingclosingdate15October2025verifiedPDFpage23.
- Document ID
- doc-nxg-annual-fs
- Published UTC
- 2026-03-03T00:00:00+00:00
- Projects
- rook-i
- Commodities
- uranium
2025 Annual Information FormResults · HighPartial
2025 Annual Information Form: reviewed material pages 5,6,8,10,11,12,16,17,18,23,24,25,26,28,36. October deck is month-dated; exact release day unavailable, nominal October1 metadata only.
- Document ID
- doc-nxg-annual-aif
- Published UTC
- 2026-03-03T00:00:00+00:00
- Projects
- rook-i
- Commodities
- uranium
BankofCanadaAUD/CAD comparison conversion 2025Market Data · LowExtracted
SourceddailyCADperAUDobservations;meanofthedailyreciprocalsforflowcomparison. Count249.
- Document ID
- doc-nxg-fx-2025
- Published UTC
- 2025-12-31T00:00:00+00:00
- Projects
- —
- Commodities
- —
Evidence facts92
476587000 CAD
2024-12-31455783000 CAD
2024-12-311179041000 CAD
2024-12-31802578000 CAD
2025-12-31586214000 CAD
2025-12-311832108000 CAD
2025-12-31697000 CAD
2025-12-31-309676000 CAD
2025-12-31-47512000 CAD
2025-12-31185599000 CAD
2025-12-31-343802322.73957443 AUD
2025-12-31-52747826.62525563 AUD
2025-12-31206052026.30537167 AUD
2025-12-31CA ISO alpha-2
2026-06-302183000 t
2019-07-194.35 % U3O8
2019-07-19209600000 lb
2019-07-191572000 t
2019-07-191.36 % U3O8
2019-07-1947100000 lb
2019-07-194399000 t
2019-07-190.83 % U3O8
2019-07-1980700000 lb
2019-07-194575000 t
2021-01-212.37 % U3O8
2021-01-21239600000 lb
2021-01-214890000000 CAD
2024-08-0139.6 %
2024-08-018 %
2024-08-0180 USD/lb
2024-08-01Underground transverse and longitudinal stoping text
2021-01-21337400000 lb
2019-07-198153000 t
2019-07-191.8771257913202457 % U3O8
2019-07-194910624623.418357 AUD
2024-08-01756173000 CAD
2026-06-30612371000 CAD
2026-06-301844287000 CAD
2026-06-30697000 CAD
2026-06-30-81486000 CAD
2026-06-30-20513000 CAD
2026-06-30155110000 CAD
2026-06-3084930000 CAD
2026-06-30IsoEnergy Ltd text
2026-06-30180707000 CAD
2026-06-30100 %
2026-06-30uranium text
2026-06-30Strategic investment inventory:2,702,411lb U3O8; not mined production text
2026-06-30341150000 CAD
2026-06-30770268921.2590404 AUD
2026-06-30623786289.0903534 AUD
2026-06-301878666598.7572577 AUD
2026-06-30709992.8695120709 AUD
2026-06-30-84190624.03755854 AUD
2026-06-30-21193852.574459888 AUD
2026-06-30160258298.29008302 AUD
2026-06-3086423168.13030766 AUD
2026-06-30184075583.17204848 AUD
2026-06-30347509422.43047774 AUD
2026-06-30uranium text
2026-06-302021 FS with August 2024 interim cost trend update text
2024-08-012024-08-01 date
2024-08-012200000000 CAD
2024-08-0110.7 years
2021-03-10Federal construction licence granted March 2026; operating licence still future text
2026-06-3027.8 %
2026-06-3027.8 %
2026-06-30uranium text
2026-06-30CA ISO alpha-2
2026-06-302209278971.6810603 AUD
2024-08-01241000000 CAD
2026-09-25242016469.17051616 AUD
2026-09-25676884770 shares
2026-09-30757242124 shares
2026-09-30CA ISO alpha-2
2026-08-25Complete42,000m2026 PCE programme with fifth rig; additional parallel-trend tests text
2026-08-25100 %
2026-05-07uranium text
2026-05-07RK-25-239:13.0m at5.2%U3O8, including0.5m at30.2% text
2026-05-0767.6 %-m
2026-05-07100 %
2026-03-052030 inferred from four years construction from summer 2026 text
2026-03-05655437000 CAD
2026-03-31713926000 CAD
2026-03-311697930000 CAD
2026-03-3112.2 AUD/share
2026-10-130.9958 CAD/AUD
2026-10-091.1102000889302834 AUD/CAD
2025-12-311.0331912725812844 AUD/CAD
2026-06-301.0175811624903763 AUD/CAD
2026-06-301.0186411327289395 AUD/CAD
2026-06-30103.7 USD/lb U3O8
2030-12-31Conflicts requiring judgment1
- fully diluted securities
Exact September ASX securities statement replaces rounded presentation totals and non-reconciling convertible-inclusive footnote. Ordinary676884770 options46703163 convertpotential33654191. Debt bridge conservatively retains June fair value; no unsupported revised carrying balance.