NexGen Announces First Uranium Sales Contracts for 5 Million Pounds with Major US Utilities

12/04/2024

• Contracts feature market-related pricing mechanisms at time of delivery aligned with NexGen's stated marketing strategy
• Strategic short-term agreements position NexGen to maximize value in strengthening uranium market

VANCOUVER, BC,Dec. 4, 2024/CNW/ -NexGen Energy Ltd. ("NexGen" or the "Company")(TSX: NXE) (NYSE: NXE) (ASX: NXG) is pleased to announce it has been awarded the first uranium sales agreements with multiple leading US nuclear utility companies.

NexGen Energy Ltd. - NexGen Announces First Uranium Sales Contracts for 5 Million Pounds with Major US Utilities

Realised Weighted Volume Average Price Realised Table (excludes escalation):1M lbs U3O8 per annum

Uranium Price ($/lbs. U3O8)	2029	2030	2031	2032	2033
$80	$79	$79	$79	$79	$79
$100	$99	$99	$99	$99	$99
$150	$141	$141	$141	$141	$141
$175	$150	$150	$150	$150	$150

*excludes ancillary commissions and costs of delivery

Uncommitted pounds of Probable Mineral Reserves remaining (as per NI 43-101 Rook I Project Feasibility Study): 231,660,000 lbs U3O8

It's a sniff really with 231 million LBS to sell at market prices which will be possibly above the $175 in the table above. The projections on Declines in existing mine supply make the. "Consistent Mine Life and Production Capability up to 30 Million Pounds U3O8 Annually" leaves 250 Million Pounds U3O8 Annually for our party funds.

Orano news "

Nigerien authorities in control of SOMAÏR operations - Orano

Wednesday, 4 December 2024

Nigerien authorities have taken operational control of SOMAÏR, Orano has confirmed, saying decisions taken at the board meetings of the company which operates the Arlit mine are no longer being applied."

So much pressure to supply from China's smart accumulation strategy to even Russian and China now longer term wrapping up supply from Kazatomprom uranium. Kazatomprom recent 3rd in a row "Extraordinary General Meeting" for significant contracts all with China and Russia are becoming less Extraordinary and more ordinary for China and Russia? Anyone guessing who else in banging on our door for the remaining annual supplies and what price they will be paying for it?