NexGen Energy Acquires Rio Tinto's Production Interest in its Mineral Claims in Canada's Southwest Athabasca Basin

MT Newswires Live

2025/07/24

NexGen Energy (NXE) said Thursday it has acquired Rio Tinto's (RIO) 10% production carried interest over 39 NexGen-owned mineral claims in Canada's Southwest Athabasca Basin, including those hosting the Patterson Corridor East discovery.

Financial terms of the acquisition weren't disclosed, though NexGen said it had agreed to match a cash payment offered by Rio Tinto for the interest - the specific terms of which are contractually confidential.

With the acquisition, NexGen Energy said it now owns 100% of its portfolio including the Rook I Uranium Project, among others.

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