NexGen Nears Deals to Sell Uranium to US Utilities Despite Trade Tensions
- Tariffs threat hasn’t deterred cross-border sales talks: CEO
- Canadian firm plans to build a uranium mine in Saskatchewan
A proposed exhaust shaft location, top left, and a production shaft location, bottom right, at NexGen Energy Ltd.'s Rook 1 project near Patterson Lake, Saskatchewan, Canada.
Photographer: Heywood Yu/BloombergThis article is for subscribers only.
Canada’s NexGen Energy Ltd. says it’s in advanced talks with several US nuclear utilities to sell more uranium from a $1.6 billion mine it plans to build in Saskatchewan despite escalating trade tensions between the neighboring nations.
Chief Executive Officer Leigh Curyer said he’s nearing offtake agreements with a number of US utilities in the coming months, adding to supply deals NexGen struck two months ago. The Vancouver-based company said in December it was awarded its first contracts to supply 5 million pounds of uranium to multiple US nuclear utility companies.