EX-99.1 2 ex991.htm NEWS RELEASE DATED MAY 28, 2019

Exhibit 99.1

 

 

NexGen Intersects High-Grade Mineralization in all Twenty A2 and A3 Targets from the 2019 Feasibility Stage Drilling Program

VANCOUVER, May 28, 2019 /CNW/ - NexGen Energy Ltd. ("NexGen" or the "Company") (TSX: NXE, NYSE MKT: NXE) is pleased to report radioactivity for an additional twenty holes comprising 7,969.5 m from the Company's Feasibility stage drilling program at our 100% owned, Rook I property in the Athabasca Basin Saskatchewan.  

Objective I: Conversion of Indicated Mineral Resources to Measured Category

This current phase of the 2019 drilling program is targeting the A2 and A3 High-Grade Domain mine planning sections at a spacing between 9.0 m and 16.7 m. The target spacing incorporates the results of a geostatistical data spacing report compiled by Clayton V. Deutsch from Resource Modeling Solutions based on 189 drill holes, totaling 121,923.15 m, which forms the basis of the Indicated Mineral Resource of 256.6 M lbs at 4.04 % U3O8. All drill holes are collared at a steep inclination, then shallowed out between -55° and -60° before intersecting the target by utilizing the latest in directional drilling technology. 

Highlights:

A2 High-Grade Domains and Sub-zone

  • AR-19-229c2 intersected 46.5 m of total composite mineralization including 12.05 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within an 86.0 m section (602.0 to 688.0 m);
  • AR-19-229c4 intersected 39.0 m of total composite mineralization including 8.55 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within an 88.0 m section (578.0 to 666.0 m);
  • AR-19-230c3 intersected 30.5 m of total composite mineralization including 7.55 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within a 93.0 m section (564.0 to 657.0 m). Additionally, of the 7.55 m of off-scale mineralization intersected in the hole, 0.5 m of massive-to-semi massive pitchblende with minimum-greater-than-61,000 cps;
  • AR-19-235c1 intersected 43.0 m of total composite mineralization including 7.15 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within a 93.0 m section (517.0 to 610.0 m). Additionally, of the 7.15 m of off-scale mineralization intersected in the hole, 3.0 m of massive-to-semi massive pitchblende with minimum-greater-than-61,000 cps;
  • AR-19-236c2 intersected 26.0 m of total composite mineralization including 6.35 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within an 89.0 m section (579.0 to 668.0 m.

A3 High-Grade Domains

  • AR-19-231c2 intersected 48.0 m of total composite mineralization including 5.75 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within a 102.0 m section (469.0 to 571.0 m);
  • AR-19-232c3 intersected 26.0 m of total composite mineralization including 5.1 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within an 89.0 m section (560.0 to 649.0 m).

Drill hole locations and schematics are shown in Figures 1 to 2, drilling results can be found in Table 1. Drill hole descriptions can be found at www.nexgenenergy.ca

Development, Permitting, Appointments, Activities & Financial

  • Expediting Arrow to Feasibility by a 2-stage (10 rig) high density drilling program focused on mine optimization plans based on Measured and Indicated mineral resources.
  • As reported on April 29, 2019, NexGen received acceptance of the Rook I Project Description (Technical Proposal) by the Canadian Nuclear Safety Commission ("CNSC") and the Saskatchewan Ministry of Environment ("MOE"). The acceptance marked the commencement of an Environmental Assessment ("EA") on the Rook I Project (the "Project") in accordance with the requirements of both The Environmental Assessment Act (Province of Saskatchewan) and the Canadian Environmental Assessment Act, 2012 "CEAA 2012" (Government of Canada). The EA is being conducted through a coordinated process between the MOE and the CNSC, which is the Federal life-cycle regulator for all uranium mine and mill projects in Canada. In addition, NexGen filed an Initial Licence Application with the CNSC under the Nuclear Safety and Control Act in order to obtain a Licence to Prepare Site and Construct for the Project.
  • The Company also announces the appointments of Gillian McCombie, Vice President Human Resources and Arthur Lieu, MSc., P.Eng., Vice President Processing and Metallurgy.  Gillian brings over 25 years of experience in human resources in the international mining and telecommunications sectors. Gillian most recently as Vice President Human Resources at Capstone Mining and prior to that with Telus and Placer Dome. Arthur joins NexGen having spent 20 years in mine processing and metallurgy.  Most recently, he was the Chief Metallurgist at Cameco's Rabbit Lake mill and Orano's McClean Lake mill.  Arthur holds a Bachelor of Science degree in Chemical Engineering and a Master of Science degree in Geochemistry, with a focus on source-term characteristic of uranium waste rock piles at Cameco Key Lake uranium mine. Mr. Lieu is also trained in Lean Six Sigma Black Belt process improvement and optimization. Mr. Lieu is a registered Professional Engineer (P. Eng) with the Association of Professional Engineers and Geoscientists of Saskatchewan (APEGS). 
  • The Company had cash-on-hand of approximately $90 million which fully funds NexGen for all drilling, feasibility and development programs planned this year.

Leigh Curyer, Chief Executive Officer, commented: "These continuing high grade results received from sections of the ore body focused on the mine plan, highlight the extraordinary high grade and robustness of Arrow.  In parallel, the Feasibility-stage engineering, metallurgical and environmental studies are all advancing extremely well, together with permitting and our community programs. I would like to take the opportunity to also welcome Arthur and Gill to the dedicated NexGen team. Two highly experienced and successful professionals in their respective fields joining NexGen at an incredibly exciting time as we begin to see positive signs emerging in the uranium market."

Troy Boisjoli, Vice-President, Operations and Project Development, commented: "The continuity of mineralization within the high-grade core of Arrow is remarkable and these results highlight the technical advantages at the Arrow Deposit: mineralization hosted within stacked shear system (allowing holes to intersect multiple targets with one drill hole, minimizing total meterage), stable crystalline basement host rock, and extremely high-grades. These high grade results in all twenty holes will be incorporated into an updated Mineral Resource Estimate which will form the basis of the Feasibility Study, scheduled for release in H1 2020."

Figure 1: Arrow Deposit Drill Hole Locations (CNW Group|NexGen Energy Ltd.)

Figure 1: Arrow Deposit Drill Hole Locations (CNW Group/NexGen Energy Ltd.)

Figure 2: A2 and A3 Indicated Shells with Mine Schematic and Drill Hole Traces (CNW Group|NexGen Energy Ltd.)

Figure 2: A2 and A3 Indicated Shells with Mine Schematic and Drill Hole Traces (CNW Group/NexGen Energy Ltd.)

Table 1: Arrow Deposit Drill Hole Data

Drill Hole Athabasca Group - Basement
Unconformity Depth (m)		 Handheld Scintillometer Results (RS-120)
Hole ID Azimuth Dip Total
Depth (m)		   From
(m)		 To
(m)		 Width
(m)		 CPS Range
AR-19-225c3 327 -65 283 N/A 452.5 454 1.5 <500 -  46000
          481 481.5 0.5 <500 -  800
          488 490 2 <500 -  700
          494.5 498 3.5 <500 -  1050
          501 501.5 0.5 <500 -  1200
          586.5 602 15.5 <500 -  61000
          610 610.5 0.5 <500 -  550
          615.5 618.5 3 <500 -  1800
AR-19-229c1 327 -65 693 132.8 473 475 2 <500 -  1200
          480.5 481 0.5 <500 -  600
          488.5 489 0.5 1000 -  13000
          495 495.5 0.5 <500 -  1240
          501 502 1 <500 -  41500
          504.5 509 4.5 <500 -  20200
          511.5 513 1.5 <500 -  4000
          516.5 520 3.5 <500 -  19800
          522.5 533 10.5 <500 -  61000
          535.5 538.5 3 <500 -  49000
          543.5 546.5 3 <500 -  61000
          549.5 550 0.5 1230 -  61000
          570 570.5 0.5 <500 -  540
          628.5 634 5.5 <500 -  61000
          638 638.5 0.5 <500 -  610
          642 645.5 3.5 <500 -  61000
          651 675.5 24.5 <500 -  61000
AR-19-229c2 327 -65 309 N/A 494.5 495 0.5 <500 -  700
          500.5 501 0.5 <500 -  2150
          505 505.5 0.5 <500 -  680
          508 508.5 0.5 <500 -  31000
          514 514.5 0.5 <500 -  9400
          517.5 519 1.5 <500 -  6000
          524.5 525.5 1 <500 -  4000
          530 536.5 6.5 <500 -  8590
          541.5 542.5 1 580 -  52500
          545 545.5 0.5 <500 -  3200
          550.5 562.5 12 <500 -  61000
          574.5 577 2.5 <500 -  2000
          625 671.5 46.5 <500 -  61000
AR-19-229c3 327 -65 240 N/A 494.5 496 1.5 <500 -  14900
          502 503 1 <500 -  53300
          506.5 507.5 1 <500 -  19500
          510 510.5 0.5 <500 -  800
          513.5 514 0.5 <500 -  1100
          517 518 1 <500 -  12100
          522 524.5 2.5 <500 -  2800
          529 531 2 <500 -  32600
          539.5 541.5 2 <500 -  14100
          544.5 549.5 5 <500 -  47900
          558 561 3 <500 -  61000
          563.5 565 1.5 <500 -  14000
          571 573 2 <500 -  2100
          579 586 7 <500 -  1500
          592.5 594.5 2 <500 -  610
          629.5 645.5 16 <500 -  61000
          648 651.5 3.5 <500 -  4400
          654 680 26 <500 -  61000
          683 683.5 0.5 <500 -  1350
          705 707 2 <500 -  930
          711.5 718 6.5 <500 -  1300
AR-19-229c4 327 -65 465 N/A 404 405.5 1.5 <500 -  600
          415.5 416 0.5 <500 -  820
          464 466 2 <500 -  3150
          471.5 472.5 1 <500 -  2300
          480 486.5 6.5 <500 -  61000
          489 489.5 0.5 <500 -  1300
          494 499 5 <500 -  18600
          501.5 505 3.5 <500 -  32000
          508.5 510.5 2 <500 -  43000
          516.5 531.5 15 <500 -  39000
          613.5 652.5 39 <500 -  61000
AR-19-230c1 327 -65 651.5 128.35 499 499.5 0.5 <500 -  4800
          502 502.5 0.5 <500 -  1200
          515.5 522 6.5 <500 -  3200
          524.5 532.5 8 <500 -  1700
          566 566.5 0.5 <500 -  550
          571 572 1 <500 -  1300
          577 598.5 21.5 <500 -  61000
          603 605.5 2.5 <500 -  1200
          608 608.5 0.5 <500 -  1650
          611 611.5 0.5 <500 -  1160
          622 628.5 6.5 <500 -  1800
          631.5 632 0.5 <500 -  6600
AR-19-230c2 327 -65 252.5 N/A 484 484.5 0.5 <500 -  750
          496.5 501 4.5 <500 -  50200
          522.5 523 0.5 <500 -  575
          552 556.5 4.5 <500 -  740
          559 563 4 <500 -  1400
          570.5 572 1.5 <500 -  620
          586 609.5 23.5 <500 -  61000
          613.5 614.5 1 <500 -  3200
          617 618 1 <500 -  750
          621.5 630 8.5 <500 -  15600
          636 636.5 0.5 <500 -  970
AR-19-230c3 327 -65 234 N/A 458 458.5 0.5 <500 -  1030
          461.5 463.5 2 <500 -  820
          474.5 475 0.5 <500 -  680
          487 487.5 0.5 <500 -  910
          504 504.5 0.5 <500 -  1030
          521.5 524 2.5 <500 -  730
          561.5 562.5 1 <500 -  1310
          567.5 568 0.5 <500 -  510
          592 614.5 22.5 <500 -  61000
          619.5 623.5 4 <500 -  1280
          626.5 628.5 2 <500 -  14500
          654.5 655 0.5 <500 -  540
AR-19-231c1 327 -65 564.5 138 466 470.5 4.5 <500 -  14000
          487.5 488 0.5 <500 -  500
          497 505 8 <500 -  46000
          510.5 511 0.5 <500 -  900
          515.5 528 12.5 <500 -  58000
AR-19-231c2 327 -65 222.5 N/A 467.5 472.5 5 <500 -  38000
          480.5 481 0.5 500 -  7500
          485 488 3 <500 -  2700
          491 493.5 2.5 <500 -  3100
          498.5 499 0.5 500 -  6200
          505.5 546.5 41 <500 -  61000
          555 555.5 0.5 <500 -  770
AR-19-231c3 327 -65 261.5 N/A 505.5 506 0.5 <500 -  2100
          509 523.5 14.5 <500 -  61000
          527 528 1 <500 -  650
          535.5 557 21.5 <500 -  61000
          559.5 560.5 1 <500 -  1400
          567.5 568 0.5 <500 -  560
          571 571.5 0.5 <500 -  1100
AR-19-232c1 327 -65 642.5 138.8 211.5 212 0.5 <500 -  650
          477.5 481.5 4 <500 -  2200
          485.5 486.5 1 <500 -  600
          493 494 1 <500 -  1700
          506.5 507.5 1 <500 -  1450
          517 520 3 <500 -  12000
          534 537 3 <500 -  24000
          544 544.5 0.5 2200 -  51000
          548 552 4 <500 -  5300
          563.5 565 1.5 <500 -  44000
          568 570 2 <500 -  5700
          574 574.5 0.5 <500 -  1800
          577 577.5 0.5 <500 -  680
          580.5 598 17.5 <500 -  23000
          601 604 3 <500 -  3600
          607.5 609.5 2 <500 -  1200
AR-19-232c2 327 -65 278.5 N/A 454.5 458 3.5 <500 -  2100
          486 486.5 0.5 <500 -  660
          492 495 3 <500 -  960
          516 518.5 2.5 <500 -  7500
          531.5 534.5 3 <500 -  14100
          539.5 540 0.5 <500 -  5700
          550 553 3 <500 -  61000
          556 556.5 0.5 <500 -  1350
          560.5 564 3.5 <500 -  39000
          571 571.5 0.5 <500 -  720
          574.5 594 19.5 <500 -  14200
          599.5 600 0.5 <500 -  860
AR-19-232c3 327 -65 294.5 N/A 473 473.5 0.5 <500 -  620
          483.5 484 0.5 <500 -  840
          492 493.5 1.5 <500 -  2100
          504.5 505.5 1 <500 -  960
          519.5 520 0.5 <500 -  600
          530 531.5 1.5 <500 -  31000
          552 560.5 8.5 <500 -  61000
          563 569.5 6.5 <500 -  17200
          572 575.5 3.5 <500 -  15700
          580.5 581 0.5 <500 -  690
          589 592 3 <500 -  54600
          599 599.5 0.5 <500 -  840
          606 617.5 11.5 <500 -  61000
          620 620.5 0.5 <500 -  1900
AR-19-233c3 327 -65 276.5 N/A 451 456.5 5.5 <500 -  980
          459 466 7 <500 -  1500
          468.5 469 0.5 <500 -  550
          483 490 7 <500 -  43700
          498.5 510.5 12 <500 -  17200
          514 517.5 3.5 <500 -  1700
          520.5 523.5 3 <500 -  3200
          536.5 540 3.5 <500 -  1600
          542.5 543 0.5 <500 -  600
AR-19-234c1 327 -65 522 127.5 472 491 19 <500 -  61000
AR-19-234c2 327 -65 177 N/A 471.5 503.5 32 <500 -  61000
AR-19-235c1 327 -65 620 132.7 425.5 427 1.5 <500 -  950
          440.5 441.5 1 <500 -  4500
          452.5 453.5 1 <500 -  660
          456.5 462 5.5 <500 -  1300
          478.5 479 0.5 <500 -  1400
          492.5 509.5 17 <500 -  4500
          526 526.5 0.5 <500 -  1200
          534 534.5 0.5 <500 -  520
          547.5 548 0.5 <500 -  510
          563 585 22 <500 -  61000
          588.5 590.5 2 <500 -  36000
          605.5 606 0.5 <500 -  550
AR-19-236c1 327 -65 660.5 133.95 465 466.5 1.5 <500 -  17500
          478.5 479 0.5 <500 -  510
          500.5 501 0.5 <500 -  2200
          503.5 504 0.5 <500 -  1060
          515.5 521.5 6 <500 -  27500
          525 525.5 0.5 510 -  1050
          529.5 530 0.5 <500 -  630
          586.5 587 0.5 <500 -  530
          597 597.5 0.5 <500 -  780
          600.5 619.5 19 <500 -  61000
          624 624.5 0.5 <500 -  850
          628.5 629.5 1 <500 -  1200
          633.5 634 0.5 <500 -  760
          637.5 642 4.5 <500 -  1650
          660 660.5 0.5 <500 -  1070
AR-19-236c2 327 -65 321.5 N/A 457 457.5 0.5 <500 -  5000
          465 465.5 0.5 <500 -  1170
          468.5 469 0.5 <500 -  2650
          472.5 474 1.5 <500 -  1300
          478 478.5 0.5 <500 -  510
          486.5 487.5 1 <500 -  3330
          494 494.5 0.5 <500 -  1100
          497 497.5 0.5 <500 -  710
          502 502.5 0.5 <500 -  1330
          509 519 10 <500 -  3770
          522.5 530 7.5 <500 -  8900
          573 573.5 0.5 <500 -  520
          588 589 1 <500 -  610
          600 601 1 <500 -  800
          608.5 609 0.5 <500 -  510
          613 617.5 4.5 <500 -  61000
          621 629.5 8.5 <500 -  61000
          639 642 3 <500 -  5700
          645 650.5 5.5 <500 -  7700
          653.5 654 0.5 <500 -  510
          669.5 671 1.5 <500 -  5200

 

Parameters:

  • Maximum internal dilution 2.00 m downhole
  • All depths and intervals are metres downhole, true thicknesses are yet to be determined
  • "Anomalous" means >500 cps (counts per second) total count gamma readings by gamma scintillometer type RS-120
  • "Off-scale" means >10,000 cps (counts per second) total count gamma readings by gamma scintillometer type RS-120
  • Where "Min cps" is <500 cps, this refers to local low radiometric zones within the overall radioactive interval
  • Directional drilling has often resulted in mineralization intersected at a more favourable and shallower dip

About NexGen

NexGen is a British Columbia corporation with a focus on the acquisition, exploration and development of Canadian uranium projects. NexGen has a highly experienced team of uranium industry professionals with a successful track record in the discovery of uranium deposits and in developing projects through discovery to production. 

NexGen owns a portfolio of prospective uranium exploration assets in the Athabasca Basin, Saskatchewan, Canada; including a 100% interest in Rook I, location of the Arrow Deposit discovered in February 2014, the Bow discovery in March 2015, the Harpoon discovery in August 2016 and the Arrow South discovery in July 2017. NexGen is the recipient of the PDAC's 2018 Bill Dennis Award and the 2019 Environmental and Social Responsibility Award.

Technical Disclosure

The technical information in this news release with respect to the PFS has been reviewed and approved by Paul O'Hara, P.Eng. of Wood., David Robson, P.Eng., M.B.A., and Jason Cox, P.Eng. of RPA, each of whom is a "qualified person" under National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI-43-101"). 

The Mineral Resource Estimate was completed by Mr. Mark Mathisen, C.P.G., Senior Geologist at RPA and Mr. David Ross, P.Geo., Director of Resource Estimation and Principal Geologist at RPA.  Both are independent Qualified Persons in accordance with the requirements of National Instrument (NI) 43-101 and they have approved the disclosure herein. All other technical information in this news release has been approved by Mr. Troy Boisjoli, Geoscientist Licensee, Vice President – Operations & Project Development for NexGen.  Mr. Boisjoli is a qualified person for the purposes of NI 43-101 and has verified the sampling, analytical, and test data underlying the information or opinions contained herein by reviewing original data certificates and monitoring all of the data collection protocols.  All other technical information in this news release has been approved by Mr. James Hatley, a Professional Engineer, Senior Vice-President – Project Development for NexGen.  Mr. Hatley is a qualified person for the purposes of NI 43-101 and has reviewed the underlying the information or opinions contained herein on mine design.

A technical report in respect to the PFS is filed on SEDAR (www.sedar.com) and EDGAR (www.sec.gov/edgar.shtml) and is available for review on NexGen Energy's website (www.nexgenenergy.ca).

SEC Standards

Estimates of mineralization and other technical information included or referenced in this news release have been prepared in accordance with NI 43-101. The definitions of proven and probable mineral reserves used in NI 43-101 differ from the definitions in SEC Industry Guide 7. Under SEC Industry Guide 7 standards, a "final" or "bankable" feasibility study is required to report reserves, the three-year historical average price is used in any reserve or cash flow analysis to designate reserves and the primary environmental analysis or report must be filed with the appropriate governmental authority. As a result, the reserves reported by the Company in accordance with NI 43-101 may not qualify as "reserves" under SEC standards. In addition, the terms "mineral resource", "measured mineral resource", "indicated mineral resource" and "inferred mineral resource" are defined in and required to be disclosed by NI 43-101; however, these terms are not defined terms under SEC Industry Guide 7 and normally are not permitted to be used in reports and registration statements filed with the SEC. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into reserves. "Inferred mineral resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian securities laws, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. Additionally, disclosure of "contained pounds" in a resource is permitted disclosure under Canadian securities laws; however, the SEC normally only permits issuers to report mineralization that does not constitute "reserves" by SEC standards as in place tonnage and grade without reference to unit measurements. Accordingly, information contained or referenced in this news release containing descriptions of the Company's mineral deposits may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements of United States federal securities laws and the rules and regulations thereunder.

Technical Information

For details of the Rook I Project including the quality assurance program and quality control measures applied and key assumptions, parameters and methods used to estimate the Mineral Resource please refer to the technical report entitled "Arrow Deposit, Rook I Project Saskatchewan NI 43-101 Technical Report on Pre-feasbility Study" dated effective 5 November, 2018 (the "Rook 1 Technical Report") prepared by Paul O'Hara, P.Eng., Jason J. Cox, P.Eng., David M. Robson, P.Eng., M.B.A., Mark B. Mathisen, C.P.G. each of whom is a "qualified person" under NI 43-101. The Rook I Technical Report is available for review under the Company's profile on SEDAR at www.sedar.com and EDGAR (www.sec.gov/edgar.shtml) providing details of the Rook I Project including the quality assurance program and quality control measures applied and key assumptions, parameters and methods used to estimate the Mineral Resource and is available on NexGen Energy's website (www.nexgenenergy.ca).

Forward-Looking Information

The information contained herein contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future. Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof.

Forward-looking information and statements are based on the then current expectations, beliefs, assumptions, estimates and forecasts about NexGen's business and the industry and markets in which it operates. Forward-looking information and statements are made based upon numerous assumptions, including among others, that the proposed transaction will be completed, the results of planned exploration activities are as anticipated, the price of uranium, the cost of planned exploration activities, that financing will be available if and when needed and on reasonable terms, that third party contractors, equipment, supplies and governmental and other approvals required to conduct NexGen's planned exploration activities will be available on reasonable terms and in a timely manner and that general business and economic conditions will not change in a material adverse manner. Although the assumptions made by the Company in providing forward looking information or making forward looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.

Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual results, performances and achievements of NexGen to differ materially from any projections of results, performances and achievements of NexGen expressed or implied by such forward-looking information or statements, including, among others, negative operating cash flow and dependence on third party financing, uncertainty of the availability of additional financing, the risk that pending assay results will not confirm previously announced preliminary results, imprecision of mineral resource estimates, the appeal of alternate sources of energy and sustained low uranium prices, aboriginal title and consultation issues, exploration risks, reliance upon key management and other personnel, deficiencies in the Company's title to its properties, uninsurable risks, failure to manage conflicts of interest, failure to obtain or maintain required permits and licenses, changes in laws, regulations and policy, competition for resources and financing, and other factors discussed or referred to in the Company's Annual Information Form dated March 4, 2019 under "Risk Factors".

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.

There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.

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SOURCE NexGen Energy Ltd.

 

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%CIK: 0001698535

For further information: Contact Information: Leigh Curyer, Chief Executive Officer, NexGen Energy Ltd., +1 604 428 4112, lcuryer@nexgenenergy.ca, www.nexgenenergy.ca; Travis McPherson, Vice President Corporate Development, NexGen Energy Ltd., +1 604 428 4112, tmcpherson@nexgenenergy.ca, http://www.nexgenenergy.ca

CO: NexGen Energy Ltd.

CNW 06:30e 28-MAY-19