It’s seen as one of the best uranium projects in development, but the company has yet to secure financing to build it
NexGen is advancing talks with “various prospective financing entities” including commercial lenders, export credit agencies and alternative sources to secure financing for the project, the company said in the statement. The Vancouver-based firm said it is receiving interest in “significant” new sources of potential project financing.
NexGen shares fell as much as 9.7 per cent on Thursday in Toronto to a low of $8.31, its biggest intraday decline since May. Uranium stocks fell broadly following updated guidance from Kazakhstan’s Kazatomprom, the world’s top producer, that indicated it will boost output of the nuclear reactor fuel.