NexGen Aims to Be Canadian Uranium Player, Aussie Market Star

Canada’s NexGen Energy Ltd. is looking to Australia’s equity market as it sets up financing for its first-ever uranium mine back home, a project with a $1 billion price tag.

That’s partly because its co-founder heralds from Down Under and the market has a depth of experience with mining stocks. But more important is Australia’s $2.2 trillion pensions industry, creating what NexGen’s Chief Commercial Officer Travis McPherson termed “unrelenting” demand for assets.

So, while the Vancouver-based firm had crews preparing grounds to drill a shaft in Saskatchewan this summer, its executives were in Sydney and Melbourne to drum up interest ...