NexGen Provides Updated Economics For The Rook I Project, Revised Capital Cost $1.58B
Portfolio Pulse from Benzinga Newsdesk
NexGen Energy Ltd. has updated the economic estimates for its Rook I Project, revising the capital cost to $1.58 billion USD. The project is expected to generate an average annual after-tax net cash flow of C$1.93 billion in the first five years, with a consistent mine life and production capability of up to 30 million pounds of U3O8 annually. The updated costs reflect inflationary changes and advancements in engineering and procurement.
August 01, 2024 | 1:18 pm
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NexGen Energy Ltd. has revised the capital cost for its Rook I Project to $1.58 billion USD, with significant expected cash flow and production capabilities.
The revised capital cost and positive cash flow projections for the Rook I Project are likely to boost investor confidence in NexGen Energy Ltd., potentially driving the stock price up in the short term.
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