Why These 3 Nuclear ETFs Are Getting a Fresh Look as AI Power Demand Rises NexGen Energy (NYSE:NXE) said construction activities at its Rook I uranium project in Saskatchewan advanced on schedule and within budget during the second quarter of 2026, as the company continued to…
rsue uranium sales agreements and evaluate financing options for the project’s remaining construction needs. Founder and Chief Executive Officer Leigh Curyer said NexGen had completed its planned construction milestones during the quarter
The company commissioned a 3,000-foot airstrip, completed and occupied its accommodation complex, and continued major earthworks and surface-infrastructure work. NexGen said the site workforce totaled about 300 people and was growing as construction activity accelerated. – 3 Bargain Stocks Under $20 With Major Growth Potential The company said the airstrip is expected to be extended to 5,840 feet by December 2026. During the remainder of the year, work is expected to focus heavily on earthworks, including preparation for shaft sinking scheduled to begin in the first quarter of 2027.
NexGen expects to begin concrete foundations for shaft headframes, a hoist house and a winch house in the fourth quarter, along with installation of a temporary freezing plant and construction of a primary batch plant. Construction Costs and Project Execution Responding to an analyst question on capital-cost inflation, Curyer said the company had not identified any material change to its August 2024 construction-cost estimate of C$2.2 billion. He said NexGen had recently signed its shaft-sinking and underground-engineering contract, which represents more than half of the project build, at levels in line with the prior estimate. – Invest While You Can: Pullbacks on These 3 Stocks Won’t Last Long “To date, we have not seen anything material in that move, in that C$2.2 billion guidance,” Curyer said, adding that the contract includes incentives tied to shaft-sinking development…