NexGen Energy (NXE) Stock Surges 7% on BHP Uranium Talks
TLDR
- NexGen Energy stock jumped more than 7% after confirming regular talks with BHP about its Rook I uranium project.
- CEO Leigh Curyer confirmed an open technical dialogue with BHP, which has bought land near the Rook project in Saskatchewan.
- NexGen broke ground on Rook I on Thursday, targeting production by 2030.
- The company plans to raise $1 billion in capital over the next nine months through prepayment deals, debt, and direct equity.
- BHP evaluated a possible NexGen acquisition last year under former CEO Mike Henry.
NexGen Energy stock surged more than 7.6% on Monday after Reuters reported the Canadian uranium miner is in regular talks with BHP about its Rook I mining project in Saskatchewan.
NexGen CEO Leigh Curyer confirmed the dialogue in an interview, saying the two companies share technical information openly. He noted that BHP has purchased a large parcel of land near the Rook project in the Athabasca basin.
โWe always speak to them. We have a very open dialogue in terms of technical information,โ Curyer told Reuters.
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