Nexgen Energy Ltd http://www.nexgenenergy.ca/s/Home.asp
NexGen Energy Ltd. is a uranium exploration and development company with a portfolio of high-impact projects that span the Athabasca Basin in Saskatchewan, Canada.
The company's flagship asset is the land-based Arrow zone at its 100%-owned Rook 1 project.
Company Overview NexGen Energy Ltd. is a well-funded uranium exploration and development company with a portfolio of high-impact projects that span the Athabasca Basin in Saskatchewan, Canada.
The Athabasca Basin is the highest-grade uranium district in the world and also represents one of the best mining jurisdictions. The Company's flagship asset is the land-based
Arrow Zone at their 100%-owned Rook I project. Arrow is developing into a world-class, high-grade uranium project.
Additionally, in 2015, the Company discovered a new mineralized area 3.7km northeast of Arrow called "Bow". NexGen is solely targeting large and high-grade uranium assets.
The Company is led by a proven team with mineral exploration, development and production experience. http://www.theenergyreport.com/pub/co/6045 http://www.nexgenenergy.ca/s/uranium-101.asp
What is uranium? Uranium is the heaviest and most dense naturally-occurring element. It commonly occurs in the Earth's crust at concentrates ranging from 2 to 4 parts per million.
Due to its slow radioactive decay, uranium provides the main source of heat within the Earth. Uranium is used primarily in nuclear power reactors for the production of electricity. Uranium naturally occurs as two main isotopes U238 (99.3%) and U235 (0.7%).
What is yellowcake? Yellow cake is the term used for to describe the milled uranium product after the majority of impurities have been removed.
This yellow coloured powder is typically produced at the mine site by metallurgical processes to form uranium oxide U3O8 concentrate.
The powder is then packaged into containers in preparation for transport. Further enrichment is then required for nuclear power generation.
What countries are the leading producers of uranium? Uranium mines operate in 20 countries with half of global production coming from just 10 mines in 6 countries. These 6 countries are: Kazakhstan, Canada, Australia, Russia and Namibia.
Canada is the second largest producer and accounts for nearly 22% of the world's uranium output. More uranium has been mined from Canada than in any other country.
The Athabasca Basin is home to the richest endowment of uranium on Earth.