Uranium · Mid-Tier · Developer · Canada
Last updated 21 June 2026
Data compiled from public filings — information only, not investment advice. AI‑assisted; see methodology.
Development · 1 project
Rook I Project (Arrow Deposit)
Asset · Feasibility
Project information
Description
100%-owned development-stage uranium project in the southwestern Athabasca Basin, ~40 km east of the Alberta-Saskatchewan border and 150 km north of La Loche, accessed via all-weather Highway 955 and a 13 km access road. Hosts the Arrow Deposit, discovered February 2014: a basement-hosted, vein-type deposit within the A0-A5 shears, 315 m wide over 980 m of strike, extending from 100 m to 980 m depth and open in most directions. The 2021 Feasibility Study contemplates two shafts, conventional transverse and longitudinal longhole mining at a nominal 1,300 t/d with an underground tailings management facility, paste backfill, 97.6% metallurgical recovery and an LNG power plant. Provincial EA approval November 2023; CNSC accepted the Final Federal EIS January 2025; hearing concluded February 2026, decision pending. The August 2024 Interim Trend Update indicated pre-production capital of ~C$2.2B (FS: C$1.3B). The Rook I property comprises 32 contiguous claims totalling 35,065 ha within SW2; certain claims carry a 2% NSR to Advance Royalty Corporation (reducible to 1% for $1.0M).
Mining metrics
Multiple effective dates · inclusive
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Reserves & resources — detail
Multiple effective dates
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Exploration · 3 projects
Patterson Corridor East (PCE)
Asset · Exploration
Project information
Description
New uranium discovery on the 100%-owned Rook I property, located 3.5 km east of the Arrow Deposit on a previously untested conductor segment of Patterson Corridor East, announced March 11, 2024 (drill hole RK-24-183). 2024 drilling intersected mineralization in multiple holes, several with off-scale (>61,000 cps) radiometric readings; assays from RK-24-183 included 10% U3O8 over 0.5 m and 6.23% U3O8 over 0.5 m, and RK-24-193 intersected mineralization over 67.5 m. Results indicate a steeply dipping, basement-hosted vein-type mineralized footprint of 600 m along strike with 600 m of depth extent, characteristically similar to Arrow, including a loosely defined high-grade sub-domain spanning 100 m of strike and 170 m of depth. The 2025 program of 43,000 m (35,366.2 m completed) expanded the interpreted limits of mineralization relative to end-2024. In 2025 NexGen acquired Rio Tinto Exploration Canada's 10% production carried interest over 39 claims including those hosting PCE, bringing ownership to 100%. No mineral resource estimate has been disclosed.
Mining metrics
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SW1
Asset · Exploration
Project information
Description
Regional exploration property forming part of NexGen's 100%-owned land package in the southwestern Athabasca Basin of Saskatchewan, alongside SW2 (which hosts the Rook I Project) and SW3. SW1 has been the subject of regional exploration drilling programs (including the 2023 program that completed 22,114.4 m across SW1 and SW2 targets) and extensive geophysical programs over high-priority areas for drill target generation, testing prospective targets for uranium mineralization. Exploration strategy focuses first on areas near possible future Rook I infrastructure to maximize the economic viability of newly identified resources, before shifting to geologically high-priority targets across all land packages. No mineral resource estimate is disclosed for the property.
Mining metrics
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SW3
Asset · Exploration
Project information
Description
Regional exploration property forming part of NexGen's 100%-owned land package in the southwestern Athabasca Basin of Saskatchewan, alongside SW1 and SW2 (which hosts the Rook I Project and the Patterson Corridor East discovery). A high-resolution magnetic survey was carried out over SW3 in the fall of 2025 to advance interpretations and prioritize drill-ready targets, following earlier airborne and ground geophysical coverage of high-priority areas. Exploration strategy focuses on systematically investigating for additional uranium mineralization through drilling of advanced targets and geophysical surveys to create more drill-ready targets. No mineral resource estimate is disclosed for the property.
Mining metrics
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Assumptions
- The projects listed here reflect the information captured in this workspace and are not necessarily a complete picture of the company's portfolio. For authoritative figures, refer to the company's official filings.
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How to read this tab
- The tables below list unit codes most often used in the Energy Metals sector for this company. MetalPilot stores contained metal or product in the codes below; grade and tonnage use separate fields. In side-by-side comparison views (stock page Portfolio tab, watchlist By sector), heterogeneous source units are converted to each commodity's preferred display unit (for example Moz Au, kt Cu, MMbbl oil) before summing; the same canonical codes appear in project data.
What the Portfolio tab shows
- The Portfolio tab presents a project-level view of the company's reported assets, built from publicly disclosed information (technical reports, annual filings, MD&A, investor presentations, MRMR / R&R statements, NI 43-101 / NI 51-101 / SEC S-K 1300 / SEC S-K 1200 / JORC / SAMREC / PERC / PRMS / COGEH filings, and similar primary sources).
- Figures are grouped by project type (mining, oil & gas, royalty, stream, processing facility, development, portfolio aggregate) and are shown alongside the headline reserve base, headline production, headline grade / quality, cost benchmarks, estimated lifetime, commercial terms (for royalties / streams), operational capacity (for processing) and a single-figure rating where the underlying data supports one.
- Each data table on the Portfolio tab is followed by ONE Assumptions footnote describing the modelling choices for that table; KPI stat-card assumptions appear in the bottom block instead. All legal and section disclaimers are merged into a single disclaimer list at the bottom of the Portfolio tab.
Concepts in your sector — Energy metals (uranium)
- U₃O₈ vs U metal. Reserves are usually in lb or t U₃O₈; multiply by ~0.848 for U metal. Fuel-cycle contracts may quote kgU as UF₆ (schema: kgu).
- % U₃O₈ vs ppm U₃O₈. Athabasca grades can exceed 10%; ISR deposits often 0.05–0.5%. The schema preserves the source unit.
- ISR vs conventional. ISR tonnage is often m³ leach solution, not rock mass — cost structure differs from underground/open-pit.
Portfolio tab — table guide
- Portfolio KPIs — company-level headline numbers aggregated from the featured projects (project counts, attributable annual production by commodity, attributable resource base by commodity, last filing date, operator share). USD value lines multiply attributable volumes by the resolved snapshot price.
- Portfolio snapshot — one-screen summary of the portfolio: counts by type and status, country mix, reporting standards used, operator share, primary commodity, attributable annual production summary and attributable resource base summary.
- Mining — one row per mining project, with columns for project name, location, status, primary commodities, production (with rating), reserves & resources (with rating), grade (with rating), costs and estimated lifetime. Multi-commodity projects emit one summary row per commodity.
- Royalty — one row per royalty interest held by the company. Columns cover the underlying project, operator, commodity, commercial terms (rate, type, cap, area-of-interest), attributable production, attributable reserves and estimated lifetime.
- Stream — one row per metal stream held by the company. Each row shows the underlying project, the streamed commodity, the headline stream percentage, the ongoing per-ounce / per-tonne payment, and attributable production / reserves.
- Processing facilities — one row per midstream / processing facility (pipeline, fractionator, LNG train, storage cavern, refinery, smelter, mill, heap-leach pad, CPP, etc.). Columns include nameplate capacity, contracted capacity, feedstock commodities and operational footprint.
- Development — projects in development status or in a pre-production lifecycle phase. The production column is re-labelled 'Targeted production (rating)' to highlight that the figures are plans, not actuals.
- Portfolio Aggregate — a single company-level row used when the company itself publishes a portfolio rollup (e.g. company-wide 2P barrels across all properties).
- Reserves & resources — detail — a leaf-category pivot showing every reserve and resource category disclosed across the projects.
- NPV (grouped) — all NPV rows captured from the filings, grouped by commodity, resource category, development status and pricing case. Each NPV figure is shown with its discount rate, basis (before-tax / after-tax), currency and value scale.
Ownership / Working interest
- Ownership percentage means the company's working-interest share of the asset: its slice of the project before royalties and before government take. It is shown on a 0–100 scale.
- Mines, oil and gas fields, and processing facilities — this is how much of the asset belongs to the company under that working-interest idea. One hundred percent is fully owned; a lower number usually means partners share the rest.
- Royalties and streaming agreements — the percentage is often not the story; what matters economically is usually the royalty or stream rate, shown elsewhere alongside these figures.
- Oil and gas — read this as gross working interest only. Do not treat it as net production or net wells after royalties; when filings distinguish gross from net, that shows up in how the resource numbers themselves are labelled.
- Below 100% — the short summary for each project names other owners and their stakes when the source says who they are.
- NRI vs WI (O&G). Working interest (WI) is the obligation to pay a share of costs; net revenue interest (NRI) is the share of revenue after royalties and overriding-royalty interests. A 100% WI well rarely produces 100% NRI; typical onshore U.S. NRI is 75–87.5% of WI depending on the lease royalty.
- Operator vs non-operator. The operator runs day-to-day operations; non-operating partners pay their WI share of costs but do not run the asset. Some Portfolio rows show operator share where disclosed.
- Consolidation method — how the issuer accounts for the asset. Separate from how much the company owns (ownership %) and who operates it, this accounting treatment decides whether an asset's figures sit inside the company's reported group totals or are stripped out to a single net line. It applies to operating assets (mines, oil & gas fields, processing facilities) and is left blank for royalties, streams, and company-level portfolio rollups.
- Consolidated — the company controls the asset and includes 100% of its figures in the group total; the portion it does not own is carried as a non-controlling interest (NCI). Control is not the same as a majority, so a company can consolidate an asset it holds less than half of. Where ownership is below 100%, the Portfolio shows the NCI percentage (100 minus the company's stake).
- Proportionate — a jointly-operated asset the company includes at its own share, line by line; the share is inside the group total.
- Equity method — an associate or joint venture shown on a single net line, with its revenue excluded from the group total. This is the usual reason a company's reported total is smaller than the sum of its individual assets; the Portfolio flags the share of a commodity total that is equity-accounted.
- Cost / other — a passive or fair-value holding, excluded from the group total.
Unit codes, conversion cheat sheets, cost benchmarks (AISC, C1–C3), reporting standards (NI 43-101, JORC, SEC S-K 1300) and resource/reserve category definitions live in the full terminology & units reference.
Each table lists the numeric band for scores 1–5 (production and resource base; grade where applicable for mining commodities) using the same thresholds as project rating stat cards. Only commodities that appear on featured projects for this document are listed.
Uranium
Copper uses kt Cu bands; lb-scale copper resources are converted to kt. Lithium grade uses hard-rock % Li₂O bands unless brine-style extraction or brine units appear on featured projects.
Assumptions
- Presented values are denominated in currency of the country where the company is headquartered. Values like market capitalization might differ from the values visible in other parts of the page, where the currency is always USD.
This company
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