Li Ka-Shing-Backed NexGen Plans NYSE Listing as Stock Soars

NexGen Energy Ltd., the uranium explorer backed by Hong Kong billionaire Li Ka-shing, plans to list on the New York Stock Exchange in 2017 after its shares more than tripled in Canada this year.

U.S. funds are showing increased interest in the metal, which is poised for a resurgence amid declining supplies, according to Chief Executive Officer Leigh Curyer. U.S. president-elect Donald Trump’s plans to keep aging reactors online and climate commitments that prod nations toward emissions-free nuclear energy will also boost uranium, he said.