NexGen outlines Rook I construction progress, targets up to 30 million lbs annual uranium output

NexGen highlighted construction progress at the Rook I uranium project, targeting output of up to 30 million lbs of U3O8 a year.

• Rook I is described as the largest single source of uranium under development, positioned at roughly 20% of global primary supply.
• The construction license was granted March 5, 2026; major construction began June 2026.
• Sales commitments total 11.7 million lbs with major utilities, structured around market-related pricing at delivery.
• The presentation flagged a projected primary uranium deficit of 335 million lbs a year by 2040 amid rising nuclear and AI-driven demand.