NexGen Energy Secures Uranium Offtake Contract With US Based Utility For Delivery Of 1M Pounds Of Uranium Per Year Over 5-Yr Period

Author: Benzinga Newsdesk | August 06, 2025 06:41am

• Contracted volumes double to more than 10 million pounds.
• Market related pricing mechanisms providing the most significant leverage to future prices at time of delivery.
• Ongoing negotiations with multiple entities for additional offtake contracts.

Vancouver, British Columbia--(Newsfile Corp. - August 6, 2025) - NexGen Energy Ltd. (TSX:NXE) (NYSE:NXE) (ASX: NXG) ("NexGen" or the "Company") is pleased to announce it has secured a new uranium offtake contract with another major US based utility for the delivery of 1 million pounds of uranium per year over a five-year period. Commencing in the first year of commercial production, this latest uranium sales agreement follows the Company's first sales contracts announced in December 2024 (link NR December 4, 2024). This contract reflects the significant materiality of NexGen's Rook I Project in the future supply of uranium at a time when sovereign and technical risk surrounding current production sources is at unprecedented levels worldwide.

This contract doubles NexGen's existing contracted volumes incorporating significant leverage to the future pricing of uranium. In addition, NexGen's Arrow Deposit currently has 229.6M lbs of uncontracted reserves to be sold optimally in the future.

Posted In: NXE