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Meeting of mining giants over Canadian uranium

Shafaqna English– Leigh Curyer, CEO of NexGen Energy, told Reuters in response to a question about a potential equity stake by BHP that the Canadian company is sharing information and holding regular discussions with the mining giant regarding its Rook I project in Saskatchewan.

NexGen broke ground on Thursday to commence construction of what is expected to become one of the world’s largest uranium mines, and aims to raise $1 billion in capital over the next nine months. The company is evaluating financing options that include prepayment agreements with utility companies, debt financing, and direct equity investment in the project.

Source: Reuters

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