NexGen Energy is a uranium mining company that is nearing the end of a long transition from a successful exploration entity to a uranium producing company.



The company is in the final stages of hearings and approvals needed from the Canadian Nuclear Safety Commission to allow it to begin constructing the mine infrastructure for its Rook 1 project. In a term that might be familiar to petroleum energy geologists, Rook 1 is a supergiant resource.



Aside: In the petroleum business, a supergiant field is one that contains at least 5 billion barrels of oil. There are more than 250 million pounds of uranium in the measured and indicated mineral resources in the Rook 1 project. Google’s Gemini says that one million pounds of natural uranium contains 31 million barrels of oil equivalent (BOE). It follows that 250 million pounds contains more than 7.5 billion BOE. End Aside.



The ore in the Arrow deposit part of Rook 1 has an exceedingly rare uranium concentration that is as high as 69% uranium oxide. On average, the deposit measures out at well over 3%.



Leigh Curyer, NexGen’s founder and CEO, visited the Atomic Show to talk about his company’s successful and continuing exploration program. We talked about the growing need for uranium fuel as the nuclear energy market expands, the tightness in the current supply chain and the impacts of a new production source that is planning to supply between 22% and 25% of the current annual uranium supply.



Curyer spoke about NexGen’s investments in planning and engineering a mine that balances the needs for profitable extraction, minimum environmental impacts and maximum community benefits. He described the company’s strategy of remediating impacts as the mining continues so that there is less to do once the mine closes.



If you are interested in uranium mining or if you are concerned about the sustainability of nuclear energy in terms of ensuring an adequate fuel supply, you will find this to be a fascinating conversation.