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NexGen Energy closes $950 million global equity offering

NexGen Energy Ltd. has successfully closed its global equity offering, raising aggregate gross proceeds of approximately A$1 billion, which is equivalent to C$950 million at the Bloomberg exchange rate of C$1.00 = A$1.0850 as of October 1, 2025. The offering comprised two tranches: the North American Offering, which involved the sale of 33,112,583 common shares at C$12.08 per share for gross proceeds of about C$400 million, and the Australian Offering, which involved the placement of 45,801,527 common shares in the form of CHESS Depository Interests (CDIs) at A$13.10 per CDI for gross proceeds of approximately A$600 million (C$553 million). The proceeds are earmarked to advance engineering and pre-production capital costs for the Rook I Project, as well as for general corporate purposes. The North American Offering was conducted through a syndicate of underwriters led by Merrill Lynch Canada Inc., with participation from Stifel Nicolaus Canada Inc., J.P. Morgan Securities Canada Inc., BMO Nesbitt Burns Inc., National Bank Financial Inc., RBC Dominion Securities Inc., and Canaccord Genuity Corp. The Australian Offering was underwritten by Aitken Mount Capital Partners Pty Ltd as sole underwriter, joint lead manager, and joint bookrunner, alongside Canaccord Genuity (Australia) Limited. Legal counsel to the company included Farris LLP, Dorsey Whitney LLP, and Allens, while the underwriters were advised by Blake, Cassels & Graydon LLP, Skadden, Arps, Slate, Meagher & Flom LLP, and Gilbert + Tobin for the Australian tranche

Company

NexGen Energy Ltd.

Law Firm / Organization
Farris LLP

Company

Merrill Lynch Canada Inc.

Law Firm / Organization
Blake, Cassels & Graydon LLP

Company

Stifel Nicolaus Canada Inc.

Law Firm / Organization
Blake, Cassels & Graydon LLP

Company

J.P. Morgan Securities Canada Inc.

Law Firm / Organization
Blake, Cassels & Graydon LLP

Company

BMO Nesbitt Burns Inc

Law Firm / Organization
Blake, Cassels & Graydon LLP

Bank

National Bank Financial Inc.

Law Firm / Organization
Blake, Cassels & Graydon LLP

Company

RBC Dominion Securities Inc.

Law Firm / Organization
Blake, Cassels & Graydon LLP

Company

Canaccord Genuity Corp

Law Firm / Organization
Blake, Cassels & Graydon LLP

Company

Aitken Mount Capital Partners Pty Ltd

Law Firm / Organization
Blake, Cassels & Graydon LLP
Public/Private Offering
Energy
$ 950,000,000
Closed
16 October 2025