
NexGen Energy Ltd. (TSX:NXE) – IBA Signed with CRDN; Development of Rook I Continues
NexGen Energy (NXE) announced the signing of an Impact Benefit Agreement (IBA) with the Clearwater River Dene Nation (CRDN), covering all phases of the Rook I project, which hosts the 100%-owned Arrow uranium deposit. The IBA is coincident with the Rook I Project transitioning into the next stage of development with numerous site-based infrastructure and preparatory construction programs to commence in 2022. In our view, this deal should put to rest any rumours of animosity between the CRDN and NexGen, based on the occurrence of several road blockades in NW SK over the past couple of years. We had reasoned that the blockages were more about the volume of junior uranium companies exploring in the area, as opposed to specific work being completed by NexGen, particularly because it had already signed the 2019 Study Agreement recognizing the importance and future inclusion of the CRDN. Meanwhile, permitting continues for what we believe could be one of the world’s largest (337.4M lb of high-grade M&I+I U3O8), if not best uranium deposits.