#5 - NextGen Energy (NYSE:NXE)
With a market cap of $1.85 billion, NextGen Energy Ltd. (NYSEAMERICAN: NXE) is not the smallest of the miners on this list, but it does carry some risk for investors. Specifically, in addition to not being profitable yet, the company is still in the pre-revenue phase.
That could be changing, but it won’t be for some time yet. Like Uranium Energy, NextGen Energy has rights to projects in Canada’s Athabasca Basin. The project that is closest to going online is the company’s Rook 1 project. According to the company this will be the world’s largest, low-cost uranium development mine. The project will be 100% levered to future uranium prices.
On May 1, 2023, the company announced it has generated over $1 billion in available debt in the form of non-binding expressions of interest from potential lenders for the project.
About NexGen Energy
NexGen Energy Ltd., an exploration and development stage company, engages in the acquisition, exploration, and evaluation and development of uranium properties in Canada. It holds a 100% interest in the Rook I project that consists of 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.
Read More - Current Price
- $8.39
- Consensus Rating
- Strong Buy
- Ratings Breakdown
- 5 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $11.00 (31.1% Upside)
