NexGen Energy

Type: Company | Ticker: NXE (NYSE) | Sub-theme: Uranium

NexGen is developing the Arrow deposit in Saskatchewan's Athabasca Basin — described as one of the highest-grade uranium deposits ever discovered and potentially transformational for the global supply picture. The project would produce ~30 million pounds of U3O8/year at full capacity, making it one of the largest single uranium projects in development globally.

Arrow Deposit — Key Facts

• Location: Patterson Lake South, Athabasca Basin, Saskatchewan
• Grade: Extremely high grade (among the highest in the world)
• Estimated production: ~30 million lbs U3O8/yr at nameplate (~20% of current global mine supply)
• Status (2026): Environmental assessment + regulatory approval phase; regulatory process ongoing in Canada
• Timeline: First production is multiple years away pending regulatory completion
• Capital cost: Multi-billion dollar project
• Strategic significance: If permitted and built, would be the largest new uranium mine in decades

Mentioned In

• Uranium Supply Deficit — Arrow is the primary "known new supply" event for the uranium bull thesis