Gilbert + Tobin has advised Aitken Mount, as underwriter and joint lead manager, on NexGen Energy Ltd’s (ASX: NXG; TSX/NYSE: NXE) $600 million institutional placement - the largest secondary raising in the energy sector on ASX this year.
In conjunction with NexGen’s concurrent C$400 million raising in North America, the total proceeds of $1 billion will be used to progress the company’s flagship Rook I uranium project in Saskatchewan, Canada. The funds will be used to support engineering activities, pre-production capital costs and for general corporate purposes.
The significant placement underscores rising investor confidence in the uranium sector, as nuclear energy gains momentum in the global transition to net zero. NexGen announced the successful completion of the bookbuild today.
The G+T team was led by Corporate Advisory Special Counsel Lucy Hall, with support from lawyer Laura Worrad.
Lucy Hall commented:
“We were pleased to support our client Aitken Mount on this significant transaction, which connects Australian capital with one of the world’s most important uranium development projects. Investor interest in the uranium sector remains strong, with this transaction, alongside recent activity in the sector, highlighting the market’s strong support for credible, large-scale developments.”
