NexGen Energy Reaches Major De-risking Milestone With Federal Approval For Canada Project, Euroz Hartleys Says

MT Newswires Live

03/06

NexGen Energy (ASX:NXG) reached a major de-risking milestone after securing the final federal approval for the Rook I project in Canada, according to Euroz Hartleys in a Friday note.

The Canadian Nuclear Safety Commission approved its environmental assessment and issued a license to prepare the site and construct its Rook I project.

The analysts expect increasing coverage of potential mergers and acquisition activity.

The investment firm maintained its speculative buy rating on NexGen Energy and placed its valuation and AU$15 price target under review.

NexGen Energy's shares were down nearly 2% in recent Friday trade.

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