Transactions June 5, 2024

MMCap International Completes Sale of 2.7 Million Pounds of Uranium to NexGen for US$250 Million

MMCap International Inc. SPC (“MMCap”) completed the sale to NexGen Energy Ltd. (TSX: NXE) (NYSE: NXE) (ASX: NXG), a Canadian company focused on delivering clean energy fuel for the future, of 2,702,410 pounds natural uranium concentrate (“U3O8”) for an aggregate price of US$250 million on May 28, 2024.


In satisfaction of the purchase price for the U3O8, NexGen Energy Ltd. issued US$250 million aggregate principal amount of unsecured convertible debentures.


Wildeboer Dellelce LLP acted for MMCap in connection with the transaction with a team comprising Perry Dellelce, Peter Volk, James Brown, Rebecca Cochrane, Alex Karlsen, Sofia Sugumar (corporate/securities), Rachel Manno, Katie Drury (Debt Products) and Mariam Al-Shikarchy (Tax).

Wildeboer Dellelce LLP