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Stock impact report

NexGen secures first uranium sales agreements with US nuclear utilities [Yahoo! Finance]

Nexgen Energy Ltd. Common Shares (NXE) 
NASDAQ:AMEX Investor Relations: nexgenenergy.ca/investors/presentation
Company Research Source: Yahoo! Finance
These inaugural, short-term agreements include market-related pricing mechanisms effective at the time of delivery, aligning with NexGen's strategy to capitalise on future uranium prices. The contracts are in line with NexGen's intent to become a new, reliable source of nuclear fuel from the tier-one jurisdiction of Saskatchewan, Canada. NexGen Energy CEO Leigh Curyer said: "These offtake awards with premier US utilities represents a pivotal moment for NexGen. They underscore the premier quality and scalability of the Rook I Project, whilst offering diversification of supply from existing centralised sources. Further, the terms of these awards reflect market related pricing mechanisms at the time of delivery, reflecting NexGen's long-term stated strategy of optimising the value of each pound produced. “Energy demand from reliable sources is increasing by the week with the need to expand existing nuclear energy infrastructure and the construction of power-consuming data centres Show less Read more
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