THE SQUEEZE IS ON, page-2876

Dual-listed uranium miner NexGen Energy estimated $C2.2 billion ($2.4 billion) in pre-production capital costs with an average cash operating cost over the life of the Rook project located in the province of Alberta at $C13.86/lb.Sustaining capital costs of the mine are expected to average around $C70 million per year. The change in costs reflects inflation and other factors including engineering and procurement.The company is in discussions with prospective financing entities – including commercial lenders, export credit agencies, and alternative sources to secure financing for the project.